Street View: 'Exciting days' far away for India's Asian Paints

Asian Paints

30/07/2025 05:14

July 30 (Reuters) - ** Asian Paints ASPN.NS, India's largest paint-maker by market share, reported Q1 profit in line with market estimates on Tuesday

** Shares up 0.8%

TWO STEPS FORWARD, ONE STEP BACK

** Motilal Oswal ("neutral"; PT: 2,500 rupees) says exciting days far away for co

** Adds while co seeing some urban green shoots, uncertainty in demand and intense competition, softening raw material prices not rendering required confidence in earnings

** Ambit Capital ("sell"; PT: 2,070 rupees) says margin pressures to intensify as anti-dumping duty on Chinese imports seen driving up costs for co, despite controlled channel spends

** Cuts FY26 EBITDA estimates by 5%

** Centrum ("add"; PT: 2,650 rupees) says co taking two steps forward and one step back

    ** Sees persisting challenges in near-term competitive intensity, despite positive demand commentary

** Notes raw material softness to be offset by anti-dumping duty, co's growing ad spends, discounting margins

 (Reporting by Kashish Tandon in Bengaluru)

 ((kashish.tandon@thomsonreuters.com; Mobile: +91 8800437922))