Asian Paints shares flat after Q4 results. Time to buy, sell or hold?
Asian Paints announced a strong 16% YoY growth in volume of domestic decorative paints, resulting in improved EBITDA margins of 21.2% YoY due to deflation in raw material prices. However, analysts note that March quarter growth looks optically better than underlying demand, and the top concern is Grasim’s entry into decorative paints, completing a pan-India rollout by mid-FY2025.
