External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Strong Performance: Asian Paints reported a 6.3% YoY increase in consolidated revenue for Q2FY26, supported by improved demand conditions during the festive season and growth across Decorative, Industrial and International Business.</li><li>Improved consumer sentiments with supportive policy actions and aided by the early festive season, overcoming the impact of the extended monsoon even in September.</li><li>Broad-based growth was witnessed across urban and rural centres. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Strong Performance: Asian Paints reported a 6.3% YoY increase in consolidated revenue for Q2FY26, supported by improved demand conditions during the festive season and growth across Decorative, Industrial and International Business.Improved consumer sentiments with supportive policy actions and aided by the early festive season, overcoming the impact of the extended monsoon even in September.Broad-based growth was witnessed across urban and rural centres. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asian Paints Ltd - Brushing Through Recovery; Maintain HOLD

<ul><li>Muted Topline, but Signs of Recovery Emerge: Asian Paints reported a marginal 0.3% YoY decline in consolidated revenue for Q1FY26, largely due to early monsoons and macro headwinds.</li><li>Decorative segment volumes grew 3.9%, but revenue was impacted by an adverse mix.</li><li>The Industrial segment grew 8.8% YoY, driven by Auto and Protective coatings. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Muted Topline, but Signs of Recovery Emerge: Asian Paints reported a marginal 0.3% YoY decline in consolidated revenue for Q1FY26, largely due to early monsoons and macro headwinds.Decorative segment volumes grew 3.9%, but revenue was impacted by an adverse mix.The Industrial segment grew 8.8% YoY, driven by Auto and Protective coatings. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asian Paints - Soft Quarter, but Green Shoots on the Horizon

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>We cut FY25/FY26/FY27 EPS by 0.4%/3.6%/4.6% given 24% decline in 9mFY25 PAT and tepid outlook in medium term.</li><li>We believe APNT is facing pressures on multiple fronts led by 1) tepid urban demand due to high inflation 2) consumer downtrading as mass and economy segments are growing faster and 3) rising competitive intensity in decorative paints post entry of Birla Opus.</li><li>While we expect demand scenario to improve post 1Q/2Q26 aided by benefits of recently announced tax cuts by GOI, the impact of competitive intensity is here to stay.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We cut FY25/FY26/FY27 EPS by 0.4%/3.6%/4.6% given 24% decline in 9mFY25 PAT and tepid outlook in medium term.We believe APNT is facing pressures on multiple fronts led by 1) tepid urban demand due to high inflation 2) consumer downtrading as mass and economy segments are growing faster and 3) rising competitive intensity in decorative paints post entry of Birla Opus.While we expect demand scenario to improve post 1Q/2Q26 aided by benefits of recently announced tax cuts by GOI, the impact of competitive intensity is here to stay.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asian Paints (APNT IN) - Growth Outlook Remains Hazy

<ul><li>Subdued demand: Asian Paints' Q3FY25 revenue was below expectations, impacted by subdued urban demand and a weak festive season.</li><li>Consolidated revenue declined 6% YoY, as the decorative segment contracted by 7.8% YoY with modest volume growth of 1.6% due to downtrading.</li><li>The industrial segment grew 3.8% YoY, supported by strong traction in the General Industrial and Refinish categories. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Subdued demand: Asian Paints' Q3FY25 revenue was below expectations, impacted by subdued urban demand and a weak festive season.Consolidated revenue declined 6% YoY, as the decorative segment contracted by 7.8% YoY with modest volume growth of 1.6% due to downtrading.The industrial segment grew 3.8% YoY, supported by strong traction in the General Industrial and Refinish categories. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asian Paints - Weak Demand Outlook Remains; Maintain HOLD

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Asian Paints: APNT’s consolidated revenue grew 6.3% YoY to INR 85.3bn (HSIE: INR 80.5bn)</li><li>Decorative clocked 10.9/6% volume/value growth, driven by intensified brand-building, step-up in product regionalization, widening B2B net, and early festive demand</li><li>Extended monsoon did partially impact sales momentum though</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Asian Paints: APNT’s consolidated revenue grew 6.3% YoY to INR 85.3bn (HSIE: INR 80.5bn)Decorative clocked 10.9/6% volume/value growth, driven by intensified brand-building, step-up in product regionalization, widening B2B net, and early festive demandExtended monsoon did partially impact sales momentum thoughContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Asian Paints, Infoedge, Ashok Leyland, Max Financial Services...

India

Asian Paints Limited manufactures a wide range of decorative paints, varnishes, enamels, and black & synthetic resins. The Company, through its subsidiaries, also manufactures specialty industrial chemicals and vinyl pyridine latex products which are used in the manufacture of rubber tires.

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Asian Paints (APNT IN)

Asian Paints Ltd - Brushing Through Recovery; Maintain HOLD

Improved consumer sentiments with supportive policy actions and aided by the early festive season, overcoming the impact of the extended monsoon...

Axis Direct

Asian Paints - Soft Quarter, but Green Shoots on the Horizon

Muted Topline, but Signs of Recovery Emerge: Asian Paints reported a marginal 0.3% YoY decline in consolidated revenue for Q1FY26, largely due to...

Axis Direct