PREVIEW: India's Asian Paints dips ahead of Q4 results

JSW Dulux

09/05/2024 05:48

** Asian Paints  ASPN.NS  edges 0.2% lower ahead of Q4
report
    ** Analysts expect ASPN to report 9.6% increase in Q4
profit, 3.8% rise in revenue -LSEG data
    ** Ambit Capital expects vol growth to slow to 6% from 14%
year-ago on soft demand but expects price cuts to generate
effective rev growth
    ** Jefferies sees gross margins to be flattish q-o-q, but
expanding y-o-y on lower raw material prices 
    ** Centrum says post-festival season demand remains sluggish
yet picked up in Feb/March on demand for exterior paints, launch
of new products, strong traction in damp-proof segment
    ** Analysts' avg rating on ASPN is "hold" -LSEG data
    ** Kansai Nerolac  KANE.NS , Indigo Paints  INDG.NS , Akzo
Nobel  AKZO.NS  also 'hold's; Berger Paints  BRGR.NS  a 'sell'
    ** ASPN down 16.5% YTD vs Nifty 50's  .NSEI  2.4% rise

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))