Asian Paints Q4 Review - Continued Raw Material Inflation Leads To Earnings Cut: Motilal Oswal
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Motilal Oswal Report
Asian Paints Ltd. declared a stellar topline growth in Q4 FY21, with 48% volume growth, led by pent-up demand, especially as demand in tier-I cities recovered sequentially; recovery in the project business; and gain in market share from organized and unorganized peers.
Growth was also aided by a soft base.
The management said higher severity of the ongoing second wave of Covid-19 is creating a near term impact on demand, particularly due to lockdowns.
It was also concerned about the impact spreading to rural India, which has been a major growth driver in recent years.
However, it is confident of bouncing back once normalcy returns.
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