Latest news with #AsianPaints
Mint
2 days ago
- Business
- Mint
Asian Paints sees green shoots in Q1, but growth concerns persist
Asian Paints Ltd's domestic decorative volume growth of 3.9% in the June quarter (Q1FY26) is encouraging, though not exciting. The growth comes amid dull demand, made partly worse by an early monsoon and continued downtrading from premium to economy emulsions. Consolidated revenue thus dipped 0.3% year-on-year in Q1, marking the sixth straight quarter of decline. The gap between volume and value is likely to persist a little longer. While urban demand is starting to stabilise and a favourable monsoon could support a rural recovery, management doesn't expect a sharp turnaround in the near term and is guiding for single-digit revenue growth despite a soft base. Simply put, stiff competition could prevent a sharp acceleration in demand. 'We believe Q2FY26 volumes could see some benefits of an early Diwali, while Q3 may be affected by the shift in season," said Nomura Research. The broking firm projects flattish year-on-year revenue for FY26 despite an improvement in volumes. Needed: growth where it counts The challenge is clear: Asian Paints is seeing growth, but not where it wants. Luxury emulsions underperformed in Q1 while the economy and mid-tier categories drove growth. The home décor segment remained a drag, with bath and kitchen segments declining 5.1% and 2.3%, respectively. Both made losses before tax. Meanwhile, revenue from the industrial segment grew 8.8%, led by automotive and protective coatings. Margins were a sore spot. While gross margin was flat, Ebitda margin slipped 70 basis points to 18.2%. The company maintained its margin guidance at 18–20% but highlighted that potential anti-dumping duties on titanium dioxide imported from China could reduce gross margin from Q2 onwards, offsetting the benefits of softening crude-linked input costs. Asian Paints is doubling down on innovation and service differentiation. New product launches contributed 14% of Q1 revenue, and backward integration projects including VAM-VAE and white cement are on track. These should improve cost efficiency and support more differentiated offerings. Priced for perfection The stock, which trades at 47 times estimated FY27 earnings, leaves little room for disappointment despite dropping 20% over the past 12 months. It currently trades around ₹2,415, up 4.9% so far this year. 'The entry of deep-pocketed new players with notable investment commitments could drive shifts in market share and cost structures across the industry," said Motilal Oswal Financial Services. Without clear signs of a sustained recovery in value-led growth, Asian Paints could fail to meet investors' already-subdued expectations. Nomura's analysts summed it up well:'Given the heightened competitive intensity, we still think Asian Paints is not yet out of the woods."
New Indian Express
2 days ago
- Business
- New Indian Express
Indian indices end higher on Wednesday on strong corporate earnings
CHENNAI: Indian equity markets ended higher on Tuesday, July 30, supported by strong quarterly earnings from companies such as L&T, NTPC, and Asian Paints. However, overall gains remained limited as investors adopted a cautious stance ahead of the U.S. Federal Reserve's monetary policy decision and ongoing ambiguity over a potential India-U.S. trade deal. The BSE Sensex closed at 81,481.86, up 143.9 points or 0.18 percent, while the NSE Nifty50 settled at 24,855.05, gaining 33.95 points or 0.14 percent. Among the top performers, L&T led the rally after posting a 30 percent year-on-year rise in net profit to ₹3,617 crore for Q1FY26, alongside new order inflows of over ₹94,000 crore. NTPC also gained, reporting an 11 percent increase in profit to ₹6,108 crore despite lower revenue, while Asian Paints managed to cushion a 6 percent year-on-year drop in profit with a 59 percent sequential recovery. On the Sensex, the leading gainers were L&T, Sun Pharma, NTPC, Maruti Suzuki, Bharti Airtel, and Trent. In contrast, Tata Motors fell over 3 percent amid concerns about its global business exposure, while Bajaj Finserv, Kotak Mahindra Bank, Power Grid, and HUL also ended in the red. Sectorally, IT, FMCG, and pharma stocks witnessed modest gains, while realty and auto stocks declined, with the Nifty Realty index falling 0.96 percent and Nifty Auto down 0.6 percent. In the broader market, the Nifty MidCap 100 index slipped 0.07 percent, and the Nifty SmallCap 100 index dropped 0.52 percent, indicating some pressure beyond frontline stocks. India VIX, which tracks market volatility expectations, closed 2.77 percent lower at 11.21, reflecting easing investor anxiety. Globally, markets were subdued as traders awaited cues from the U.S. Federal Reserve's policy announcement. While no rate change is expected, commentary on inflation and growth outlook may influence investor sentiment. Uncertainty over the trajectory of the India-U.S. trade agreement also weighed on market confidence. Looking ahead, analysts suggest that Nifty is likely to find near-term support around 24,750. As long as this level holds, the index may make another attempt to test the 25,000 mark. However, without strong global triggers, market momentum could remain range-bound in the near term.
Economic Times
2 days ago
- Business
- Economic Times
Sector-specific tailwinds emerging despite tepid broader market: Anshul Saigal
"As for the paints segment, over the past two years we've seen heightened competition and generally muted expectations, which have been reflected in stock price performance. However, a small shift began in the previous quarter, and that seems to be continuing into the current one. Expectations in certain segments appear to be improving. Additionally, it looks like competitive intensity is easing slightly, and general market sentiment is improving. All of this bodes well for stocks, particularly when expectations are low. So, while we'll have to see how the open pans out, it does seem like we may be near the bottom in terms of expectations for this segment as well," says Anshul Saigal, Founder, Saigal Capital. ADVERTISEMENT We want to understand your general outlook on where the market is headed. Given the kind of numbers we saw yesterday from Nifty 50 majors—especially L&T and Asian Paints—things seem to be shifting, at least based on the positive commentaries and robust results. What's your take on where the market could be headed in the near term? Anshul Saigal: Yes, it was quite a positive surprise from the infra bellwether, and the commentary from the paints bellwether was also encouraging in certain segments. If you look at L&T's numbers, the order inflow trajectory is clearly very strong, and their margin guidance for the current year indicates an expansion over last year. Both of these developments are quite positive, especially in an environment where the broader market is tepid—or I should say, skeptical. Now, how these stocks open will further reflect the market's mood. We'll need to wait and see how the open plays out. As for the paints segment, over the past two years we've seen heightened competition and generally muted expectations, which have been reflected in stock price performance. However, a small shift began in the previous quarter, and that seems to be continuing into the current one. Expectations in certain segments appear to be improving. Additionally, it looks like competitive intensity is easing slightly, and general market sentiment is improving. All of this bodes well for stocks, particularly when expectations are low. So, while we'll have to see how the open pans out, it does seem like we may be near the bottom in terms of expectations for this segment as well. What's your takeaway from Asian Paints' commentary? There's a lot to unpack—they've talked about competition, rural and urban demand, and overall, things seem to be looking up. Anshul Saigal: Yes, if we look at this quarter not in isolation but as a continuation of the previous one—and if you listen to the commentary from not just this company, but also other listed paint players—it becomes evident that while it's been five or six quarters since the new entrant disrupted the market and triggered anxiety in the sector, gross margins haven't been materially affected. ADVERTISEMENT The first impact of higher competition is usually on pricing, which is reflected in gross margins. But that hasn't really happened. There has been a marginal decline, yes, but it's far from a doomsday over the past two to three years, the stocks have largely underperformed. Some have corrected meaningfully—this particular company by about 30–40%, and others by as much as 50–60%. Now, if you listen to the latest commentary—both from this company and others—it looks like volume declines in both rural and urban segments may have bottomed out, and a recovery could be on the cards. ADVERTISEMENT If the company is guiding for stable margins, that suggests competitive pressures are easing, expectations are low, and conditions are improving—a powerful combination that bodes well for the sector overall. Are you still adding any positions based on earnings? Anshul Saigal: Firstly, I invest for my own account and my family's investments, so I wouldn't recommend specific stocks. But broadly speaking, the banking and financial space looks quite interesting right now. Valuations are reasonable, and the earnings trajectory appears to be picking up. Of course, there are a few banks or stocks showing weakness in earnings, but overall, the sector seems well-positioned for the next two years, with a favourable risk-reward setup. In other words, the potential upside outweighs the downside at current levels. ADVERTISEMENT In the NBFC space particularly, there are strong demand tailwinds and now greater regulatory clarity—which was missing for most of the last three to four years. It's quite clear that the regulator wants liquidity to flow into this space, as it's crucial for last-mile credit delivery in the economy. So NBFCs, especially housing finance companies, look promising right interesting trend we're observing is in distribution. After the implementation of GST, we saw a shift from unorganised to organised players in both retail and manufacturing. However, that trend didn't play out in the distribution part of the value chain. That is changing now—small, unorganised distributors in sectors like building materials, metals, and pharma are losing market share, while organised distributors are gaining. That's a space with strong growth tailwinds and one that the market doesn't fully appreciate yet. ADVERTISEMENT Beyond that, there are opportunities in select capital goods companies, auto components, and others. So, yes—there are plenty of opportunities, but they are more stock- and segment-specific rather than broad-based across the market.
Time of India
2 days ago
- Business
- Time of India
Sector-specific tailwinds emerging despite tepid broader market: Anshul Saigal
"As for the paints segment , over the past two years we've seen heightened competition and generally muted expectations, which have been reflected in stock price performance. However, a small shift began in the previous quarter, and that seems to be continuing into the current one. Expectations in certain segments appear to be improving. Additionally, it looks like competitive intensity is easing slightly, and general market sentiment is improving. All of this bodes well for stocks, particularly when expectations are low. So, while we'll have to see how the open pans out, it does seem like we may be near the bottom in terms of expectations for this segment as well," says Anshul Saigal , Founder, Saigal Capital. We want to understand your general outlook on where the market is headed. Given the kind of numbers we saw yesterday from Nifty 50 majors—especially L&T and Asian Paints—things seem to be shifting, at least based on the positive commentaries and robust results. What's your take on where the market could be headed in the near term? Anshul Saigal: Yes, it was quite a positive surprise from the infra bellwether, and the commentary from the paints bellwether was also encouraging in certain segments. If you look at L&T's numbers, the order inflow trajectory is clearly very strong, and their margin guidance for the current year indicates an expansion over last year. Both of these developments are quite positive, especially in an environment where the broader market is tepid—or I should say, skeptical. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management Finance Others Artificial Intelligence Digital Marketing Cybersecurity Degree Management Project Management Public Policy CXO Leadership PGDM Data Science MCA healthcare Data Science Design Thinking Technology others Healthcare Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Now, how these stocks open will further reflect the market's mood. We'll need to wait and see how the open plays out. As for the paints segment, over the past two years we've seen heightened competition and generally muted expectations, which have been reflected in stock price performance. However, a small shift began in the previous quarter, and that seems to be continuing into the current one. Expectations in certain segments appear to be improving. Additionally, it looks like competitive intensity is easing slightly, and general market sentiment is improving. All of this bodes well for stocks, particularly when expectations are low. So, while we'll have to see how the open pans out, it does seem like we may be near the bottom in terms of expectations for this segment as well. Live Events What's your takeaway from Asian Paints ' commentary? There's a lot to unpack—they've talked about competition, rural and urban demand, and overall, things seem to be looking up. Anshul Saigal: Yes, if we look at this quarter not in isolation but as a continuation of the previous one—and if you listen to the commentary from not just this company, but also other listed paint players—it becomes evident that while it's been five or six quarters since the new entrant disrupted the market and triggered anxiety in the sector, gross margins haven't been materially affected. The first impact of higher competition is usually on pricing, which is reflected in gross margins. But that hasn't really happened. There has been a marginal decline, yes, but it's far from a doomsday scenario. However, over the past two to three years, the stocks have largely underperformed. Some have corrected meaningfully—this particular company by about 30–40%, and others by as much as 50–60%. Now, if you listen to the latest commentary—both from this company and others—it looks like volume declines in both rural and urban segments may have bottomed out, and a recovery could be on the cards. If the company is guiding for stable margins, that suggests competitive pressures are easing, expectations are low, and conditions are improving—a powerful combination that bodes well for the sector overall. Are you still adding any positions based on earnings? Anshul Saigal: Firstly, I invest for my own account and my family's investments, so I wouldn't recommend specific stocks. But broadly speaking, the banking and financial space looks quite interesting right now. Valuations are reasonable, and the earnings trajectory appears to be picking up. Of course, there are a few banks or stocks showing weakness in earnings, but overall, the sector seems well-positioned for the next two years, with a favourable risk-reward setup. In other words, the potential upside outweighs the downside at current levels. In the NBFC space particularly, there are strong demand tailwinds and now greater regulatory clarity—which was missing for most of the last three to four years. It's quite clear that the regulator wants liquidity to flow into this space, as it's crucial for last-mile credit delivery in the economy. So NBFCs , especially housing finance companies, look promising right now. Another interesting trend we're observing is in distribution. After the implementation of GST, we saw a shift from unorganised to organised players in both retail and manufacturing. However, that trend didn't play out in the distribution part of the value chain. That is changing now—small, unorganised distributors in sectors like building materials, metals, and pharma are losing market share, while organised distributors are gaining. That's a space with strong growth tailwinds and one that the market doesn't fully appreciate yet. Beyond that, there are opportunities in select capital goods companies, auto components, and others. So, yes—there are plenty of opportunities, but they are more stock- and segment-specific rather than broad-based across the market.
News18
2 days ago
- Business
- News18
SSVM INSTITUTIONS PRESENTS 'SSVM Transforming India Conclave 2025'
Agency: Theme: AI & Humanity – Co‑Creating Our World Today 1st, 2nd and 3rd September 2025 at SSVM World School, Coimbatore Coimbatore, India, 30, July 2025: With a legacy of over 27 years in educational excellence, SSVM is all set to host the fourth edition of the SSVM Transforming India Conclave from 1–3 September 2025, at SSVM World School, Coimbatore. This year's theme, 'AI & Humanity – Co-Creating Our World Today," delves into the dynamic interplay between artificial intelligence and human creativity. The conclave will unite thought leaders, innovators, and changemakers to explore real-world applications of AI that drive sustainability, social equity, and ethical innovation. The immersive three-day event will feature: • Insightful keynote sessions by celebrated personalities • Hands-on workshops on AI for social good • National award ceremonies, and • Spellbinding entertainment showcases. Dr. Manimekalai Mohan, Founder of SSVM Institutions, who strongly believes in embracing the future of education by adapting to a changing world and expanding learning horizons, remarked: 'The future of education lies in harmonizing human potential with the transformative power of AI. At SSVM, we believe it's our responsibility to equip the next generation not just to understand AI, but to ethically co-create a world where technology serves humanity's highest aspirations." The Conclave will spotlight two prestigious national awards: The Studentpreneur Awards 2025 Acclaiming the spirit of student innovation and entrepreneurship, this award provides a platform for young visionaries to present their business ideas and compete for national recognition and cash prizes up to ₹1 Lakh. Over 160+ studentpreneur teams from cities across India, from Mumbai to Mangalore, Delhi to Teni, have applied to be part of this year's Studentpreneur Awards! The Inspirational Guru Awards 2025 Honouring the heartbeats of our classrooms, this award salutes educators who have shown extraordinary dedication to shaping young minds. With 460+ nominations, this tribute shines a light on those who quietly and selflessly shape generations. With registrations and nominations for both awards now closed, anticipation builds around the finalists who exemplify the spirit of creativity, leadership, and impact. Esteemed Speakers and Special Guests Past editions of the Conclave have welcomed luminaries like Mr. Rakesh Sharma, Dr. Shashi Tharoor, Mr. Nambi Narayanan, and Mr. Sonam Wangchuk alongside many other leaders and achievers. The 'SSVM Transforming India Conclave 2025" continues this tradition with a remarkable lineup of entrepreneurs and industry leaders set to share their expertise. This year's speakers include: ● Mr. Jalaj Dani- Co-Promoter, Asian Paints; Director, Havells; Chairman, Addverb, EndureAir & IIM Trichy ● Mr. Ankur Warikoo- Founder, Webveda; Content Creator ● Mr. Sharan Hegde- Entrepreneur, Content Creator ● Mr. Jibu Elias- AI Ethicist, Researcher, and Activist ● Mr. Lokesh Kanagaraj – Indian Film Director and Screenwriter ● Mr. Rohit Kapoor- CEO, Swiggy Marketplace. ● Mr. Harshit Agrawal- Indian Artist ● Mr. Prakash Padukone- Former Indian Badminton Player ● Dr. S Raja Sabapathy- Chair, Plastic Surgery, Ganga Hospital ● Dr. Manimekalai Mohan – Founder & Managing Trustee, SSVM Institutions ● Ms. Srisha Mohandoss- Director, SSVM Institutions; Education Entrepreneur; Singer, ● Mr. Sanjay Jain- Head, Google for Education, India ● Mr. Suresh Narayanan- Chairman & Managing Director, Nestlé India Workshops & Performances Innovative and interactive workshops include: • Art + AI: Building Interactive Experiences with Harshit Agrawal • Mindfulness with AI: Can Tech Be Kind? by The Love Hope Company • Socially Smart: Powered by AI • BotBuilders: Chatbots, AI Agents & More with Rishi Jain • AI for Social Good – A collective effort to build meaningful change The event also promises electrifying performances, including: • Orchestra of the Future – by SSVM Students × Vaja & Antony • Bhinna Vinayasa – by Attakkalari • Speed Painting – by Vilas Nayak • Sonnet of Samsara – by SSVM Students × Attakkalari • Acappella – by No Treble Team A special highlight will be a robot co-host, symbolizing the human-tech collaboration the Conclave celebrates. Join the Movement Invitation requests can be submitted at: top videos View all More details on SSVM Transforming India Conclave 2025 are available on (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 12:00 IST News agency-feeds SSVM INSTITUTIONS PRESENTS 'SSVM Transforming India Conclave 2025' Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
