Preview: India's Asian Paints edges lower ahead of Q1 results

Asian Paints

29/07/2025 05:23

** India's Asian Paints ASPN.NS slips 0.37% to 2,351 rupees ahead of Q1 results

** Analysts, on average, expect Q1 consol net profit to fall 5.3% y/y to 11.08 bln rupees ($127.65 mln), per data compiled by LSEG

** India's largest paintmaker has been grappling with intense competition, antitrust allegations and weak urban retail demand for its mainstay decorative paints, and has been resorting to price cuts to woo buyers

** Asian Paints' Q1 volume growth likely in range of 3% to 7% - pre-earnings estimates from four brokerages

** Stock, on avg, rated "sell"; median TP at 2,250 rupees - data compiled by LSEG

** YTD stock up 3%

($1 = 86.8030 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))