India's Asian Paints rises to one-year high on Q2 beat

Asian Paints

13/11/2025 04:05

** Asian Paints ASPN.NS rises 3% to 2,858 rupees, highest since November 7, 2024; set to gain for sixth straight session

** Stock closed Wednesday 4% higher post results

** India's largest paint-maker by market share's consol net profit rises 43% y/y on strong domestic volume growth for decorative paints, low base after earnings slumped last year

** Jefferies ("buy"; raises PT to 3,300 rupees from 2,900 rupees) says co delivered strong beat; growth broad-based across urban, rural segments

** Expects sustained recovery ahead; says premium valuations should sustain

** Ambit Capital ("sell"; raises PT to 2,350 rupees from 2,127 rupees) says co beat Q2 estimates; volume/margins better vs last four quarters

** However, adds volume growth sustainability key amid rising competitive intensity

** Says imminent Grasim GRAS.NS scale-up, capacity expansion by other players would alter industry margin, pricing structure

** ASPN rated "hold" on avg; median PT is 2,500 rupees, per data compiled by LSEG

** YTD, ASPN gains 25%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))