Asian Paints rallies 25% off 52-week low as Q4 profit jumps 69%, brokers eye Rs 3,600
Q4FY26 net profit surged 69.3% YoY to Rs 1,172.1 cr on revenue of Rs 9,228.5 cr (+10.8%). Management guides 8-10% volume growth and 10-11% price hikes. Systematix, ICICI Direct and Nomura reiterate buy with targets of Rs 3,055-3,600, citing easing competitive intensity. Final dividend Rs 23/share takes FY26 payout to Rs 27.50.
Asian Paints stock up 25% from 52-week low after Q4FY26 beat: profit jumped 69% to Rs 1,172 cr, revenue Rs 9,228 cr. Brokerages Systematix, ICICI Direct, Nomura reiterate buy with targets Rs 3,055-3,600 citing easing competitive intensity.
Why this matters
Reverses recent bearish read where stock slid 4% post-results despite the 69% profit jump. Builds on 7-quarter-high decorative volumes and cumulative 10.6% price hikes since mid-June, signaling easing competitive intensity.
Retail-company signals steady at 1,565 over the past 90 days.