Asian Paints Ltd (ASIANPAINT)

Asian Paints Implements Second Price Hike in a Month - 24 Jul, 2024

Asian Paints has implemented another price increase of 1-1.25%, marking the second hike in just a month after raising prices by around 1% effective July 22, 2024. The company reported a 7% volume growth in the June quarter.

Asian Paints Faces Revenue Decline and Downgrade Amidst Price Hikes - 23 Jul, 2024

Asian Paints faces challenges as it deals with declining revenue due to subdued demand and pricing, while implementing two price hikes within a month. Analysts have downgraded the company's rating and trimmed its EPS estimates.

Asian Paints Q1 Net Profit Drops 24.64% - 19 Jul, 2024

Asian Paints Ltd reports a decline of 24.64% in consolidated net profit for the June quarter due to demand slowdown caused by heatwave and general elections.

Brokerages Reduce Target Prices for Asian Paints After Weak Q1 Results - 18 Jul, 2024

Asian Paints reports a 24.6% drop in consolidated net profit and a 2.3% drop in total revenue from operations in Q1FY25. Several brokerage firms have reduced their target prices for the stock.

Asian Paints Reports Dip in Net Profit for Q1 FY25 - 17 Jul, 2024

Asian Paints' Q1 FY25 consolidated net profit dipped by 24.54% YoY to Rs 1,169.98 crore due to weak demand conditions and price cuts implemented in the previous quarter. The company reported a 7% volume growth in the June quarter but missed revenue expectations. The CEO is open to further price hikes if inflation rises.

Mixed Expectations for Asian Paints Q1FY25 Results - 16 Jul, 2024

Analysts expect subdued Q1FY25 performance for Asian Paints due to lack of labour availability and heatwave across the country. CNBC-TV18 poll projects marginal decrease in revenue and decline in EBITDA and PAT. However, recent technical analysis suggests potential upward movement for the stock.

Asian Paints to Announce Q1FY25 Results on July 17, 2024 - 14 Jul, 2024

Asian Paints Limited is set to announce its quarterly results for the quarter ended Q1FY25 on July 17, 2024. The company's revenue from operations grew by 2.92% from FY23 to FY24, accompanied by profits of Rs. 4,195 Crores to Rs. 5,558 Crores.

Asian Paints Ltd Stock Up by 5.9% in Three Months - 12 Jul, 2024

Asian Paints Ltd stock has seen a rise of 5.9% over the past three months, with attention being paid to its ROE and long-term financial health.

Asian Paints Raises Prices Despite Competition - 11 Jul, 2024

Asian Paints raises prices by approximately 1% to fight off competition from new entrant Birla Opus. Nuvama Institutional Equities reiterates buy call with target price of Rs 3,450 per share.

Asian Paints Hikes Prices Amid Input Cost Inflation - 10 Jul, 2024

Asian Paints has increased prices by up to 1% at the portfolio level due to input cost inflation. The company's stock rallied over 5% in response, despite being an underperformer this year. ICICI Direct Research recommends selling with a target price of ₹2780.

Mixed Analyst Views on Asian Paints Stock - 08 Jul, 2024

Asian Paints receives mixed analyst views as Systematix Institutional Equities maintains a Buy call while expecting margin pressures, and Amit Purohit of Elara Capital issues a Sell call. However, Sharekhan upgrades the stock from Hold to Buy citing favorable risk-reward.

Asian Paints Doubles Production Capacity in Mysuru Plant - 01 Jul, 2024

Asian Paints has invested Rs. 1,305 crore to double the production capacity of its Mysuru plant to 6,00,000 KL per annum, meeting medium-term requirements and anticipating positive rural market sentiment.