Hold Asian Paints: target of Rs 2475 : Sharekhan

Hold

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Asian Paints

Asian Paints Limited’s (APL’s) Q3FY25 numbers were weak with a 6.1% y-o-y decline in consolidated revenue, 344 bps y-o-y decline in OPM and a 23.5% y-o-y decline in PAT. Volume growth at 1.6% and OPM at 19.1% beat expectations. Management is optimistic on rural demand, while urban demand is likely to stay stressed for next few quarters. It eyes low single-digit volume growth in the near term. OPM guidance is maintained at 18-20%. With an increase in the sales & distribution costs due to high competitive intensity, APL is focusing on cost efficiencies to support margins.

Outlook

Stock trades at 51x/46x/41x its FY25E/FY26E/FY27E EPS, respectively. In view of the near-term weakness, we maintain a Hold with a revised PT of Rs. 2,475.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Asian Paints_06022025_Sharekhan