Asian Paints Q4 Review - Continued Raw Material Inflation Leads To Earnings Cut: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Asian Paints Ltd. declared a stellar topline growth in Q4 FY21, with 48% volume growth, led by pent-up demand, especially as demand in tier-I cities recovered sequentially; recovery in the project business; and gain in market share from organized and unorganized peers.

Growth was also aided by a soft base.

The management said higher severity of the ongoing second wave of Covid-19 is creating a near term impact on demand, particularly due to lockdowns.

It was also concerned about the impact spreading to rural India, which has been a major growth driver in recent years.

However, it is confident of bouncing back once normalcy returns.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.