Asian Paints share price plummets 5% after Q3 PAT sinks 23%; brokerages mixed - BUY or SELL?
Asian Paints shares on Wednesday (Feb 5) dropped as much 5 per cent as Q3 numbers failed to impress the Street. The Mumbai-headquartered paints company reported a decline in its revenue for the fourth consecutive quarter during the quarter under review while net profit fell by more than 20 per cent.
Asian Paints Share Price Falls After Q3 Results, Weak Urban Demand Outlook
Rise in competitive intensity for market share, talent, and shelf-space, and mind share will keep Asian Paints' margins under pressure. To add to that, weakness in urban demand and a rise in competition in terms of mergers and acquisitions may also hurt earnings, ultimately leading to rating downgrade, Citi said.
Asian Paints share price falls over 5% after weak Q3 results prompt analysts to cut target; Should you buy?
Asian Paints reported a 23.3% year-on-year (YoY) fall in its consolidated net profit for the third quarter of FY25 to ₹1,110.48 crore.
Asian Paints shares fall 5% amid subdued demand in urban areas
The paint industry continued to be impacted by subdued demand conditions, especially in the urban centres, says Amit Syngle, MD & CEO of Asian Paints.
Asian Paints shares slide 5% after weak Q3 results. Should you buy, sell, or hold?
Asian Paints shares fell 5% after a 23% decline in Q3 net profit. The company faced weak demand and lower operating margins, especially in urban centers. Despite a growing Industrial Business, the Home Décor segment and international markets showed mixed performance.
Asian Paints shares fall nearly 5% after analysts cut EPS targets further post Q3
"sell" rating on the stock, while the number of analysts with a "hold" and "buy" recommendation on Asian Paints stood at 11 and 10 respectively.
Weak demand weighs on Asian Paints Q3; Analysts see more pain in near-term
Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24
Asian Paints' Earnings Estimates Cut By Citi After Q3 Disappointment
After Asian Paints Ltd. posted disappointing results for third quarter, Citi Research cut its earning per share estimates by 3% and highlighted concerns regarding the near-term growth outlook. The brokerage maintained a 'sell' rating, with a target price of Rs 2,300 apiece, implying a 2.1% upside from Tuesday's closing price.
Asian Paints Q3 Results: Net profit of ₹1,128 crore; margin and volumes beat expectations
Asian Paints is likely to report a 3% decline in its revenue for the quarter compared to the year-ago period, as per a CNBC-TV18 poll.
Asian Paints Q3 volume growth overshadows earnings miss, shares jump
India's Asian Paints missed third-quarter profit estimates on Tuesday, but stronger-than-expected volume growth in its core domestic decorative business sent its shares up as much as nearly 6%. Shares closed 2.
Asian Paints Share Price Live Updates: Can Asian Paints shares tumble to Rs 2,000? Brokerages weigh in
Stay up-to-date with the Asian Paints Stock Liveblog, your trusted source for real-time updates and thorough analysis of a ...
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Asian Paints slides 5% – 3 reasons why brokerages turn negative are…
Asian Paints drops 5% post-Q3 FY25 earnings; brokerages react with downgrades. Explore the reasons behind the negative sentiment!
Asian Paints Standalone December 2024 Net Sales at Rs 7,320.53 crore, down 7.49% Y-o-Y
Net Sales at Rs 7,320.53 crore in December 2024 down 7.49% from Rs. 7,913.01 crore in December 2023. Quarterly Net Profit at ...