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 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.

Click on the attachment to read the full report:

Motilal Oswal Asian Paints Q3FY21 Result Update.pdf

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