ADVERTISEMENT

Asian Paints Q3 Review - Healthy Sales Outlook; Rising Material Costs A Concern: Motilal Oswal 

Asian Paints Q3 Review - Healthy Sales Outlook; Rising Material Costs A Concern: Motilal Oswal

 Asian Paints container sit outside a hardware shop in Mumbai (Photo: BloombergQuint)
Asian Paints container sit outside a hardware shop in Mumbai (Photo: BloombergQuint)

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.

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.

Click on the attachment to read the full report:

Motilal Oswal Asian Paints Q3FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.