Asian Paints Q4 Review - Continued Raw Material Inflation Leads To Earnings Cut: Motilal Oswal

Buckets of Asian Paints Ltd. paint at a store in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Asian Paints Q4 Review - Continued Raw Material Inflation Leads To Earnings Cut: Motilal Oswal

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

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.

Click on the attachment to read the full report:

Motilal Oswal Asian Paints Q4FY21 Result Update.pdf


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