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Asian Paints Q4 Review: Near-Term Challenged; Gradual Recovery Post-Q1 Awaited - Systematix Maintains 'Buy'
Systematix believes Asian Paints is well-placed to benefit from a gradual industry demand recovery, benign raw material costs and operating efficiencies, supported by product differentiation.
09 May 2025, 09:59 AM IST 
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Asian Paints' stock has corrected by c.17% over the past six months, and is now trading at P/E of 45x FY27E EPS. (Photo: David-Zieglgansberger /Unsplash)
Industry demand has been impacted by consumption deferral as consumers prioritized essential purchases to balance budgets amid elevated retail/food inflation. While near-term demand remains challenged, Systematix believes Asian Paints would benefit from a recovery over Q2/H2 FY26 on a weak base, with reversal of deferred demand as inflation eases.
