Asian Paints Q2 Results Live Updates: Volume growth in focus, analysts turn positive
Published on 12/11/2025 09:42 AM
Despite multiple upgrades coming in for Asian Paints recently, majority of the analysts tracking the stock have a “sell” rating on it.
18 out of the 38 analysts covering it have a “sell” rating, while only 11 of those have a “buy” recommendation.
Nine other analysts have a “hold” rating.
Shares of Asian Paints have opened with modest losses on Wednesday ahead of the results announcement.
The stock is trading 0.3% lower in early trading at ₹2,650.
The paints sector has remained in focus since the arrival of Birla Opus on the scene.
Over the weekend, Birla Opus CEO Rakshit Hargave announced his resignation and a move to Britannia, which led to a positive move in most of the listed paint incumbents, including Asian Paints.
Shares of Asian Paints have risen 13.5% in the last one month.
It is due to this move that the stock had turned positive on a year-to-date basis.
For 2025, Asian Paints shares are up 15% so far.
– Demand sentiment has improved
– Target high single digit volume growth in FY26
– Value growth in FY26 likely to be mid-single digits
– Comfortable with 18-20% margin guidance for FY26
A CNBC-TV18 poll is expecting volume growth to be between 4% and 5% this time around compared to the same quarter last year. It had reported volume growth of 3.9% during the June quarter.
Asian Paints’ EBITDA margins are likely to expand by nearly 90 basis points, while its net profit may grow 25% from last year to ₹870 crore, as per the CNBC-TV18 poll.
According to a CNBC-TV18 poll, Asian Paints’ revenue is likely to remain flat, growing only 1% from last year to ₹8,105 crore.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is likely to grow by 7% from last year to ₹1,325 crore, according to the poll.
The street is anticipating a weak quarter for Asian Paints due to heavy and extended monsoons, a weak product mix, high competitive intensity, and increased cost of sales.
India’s largest paints company is likely to report a weak quarter this time around, according to street expectations.
More details in subsequent posts.
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