BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We are cutting FY22/F23 earnings per share by 7.7%/2.6% on near term input cost pressures although we remain positive on long term growth drivers.
We expect Asian Paints Ltd. to sustain double digit volume growth led by-
1. market share gains from both organised and unorganised players due to strong focus on economy segment
2. rising innovation in paints and coatings,
3. encouraging growth across water-proofing/ construction aids and extending presence in adhesives
4. strong penetration opportunity in small towns and rural India and
5. foray into designer tiles and home décor business allowing Asian Paints to emerge as a complete home solution company.
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