Asian Paints Q3 Review - Healthy Sales Outlook; Rising Material Costs A Concern: Motilal Oswal
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Motilal Oswal Report
A confluence of positive factors, including -
1. a very strong festive season; 2. pent-up demand; 3. recovery in urban, particularly metro demand; 4. recovery in real estate demand, and 5.low material costs for the quarter led to a strong beat on our forecasts.
Asian Paints Ltd. reported its highest ever sales/Ebitda/profit after tax for any quarter in Q3 FY21.
While the outlook on demand remains healthy, the extraordinary confluence of positives mentioned above, especially festive season and pent-up demand, may not sustain going forward.
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