Asian Paints slides 4% despite 69% Q4 profit jump as brokerages stay bearish
Q4FY26 net profit surged 69.4% YoY to Rs 1,172 cr on 10.6% revenue growth to Rs 9,247 cr, with EBITDA margin at 19.3% and a Rs 23/share dividend. Yet the stock fell 4% intraday as Citi and Morgan Stanley maintained sell calls, signalling competitive pressure concerns despite the beat.
Asian Paints Q4FY26 net profit jumped 69.4% to Rs 1,172 crore on 10.6% revenue growth to Rs 9,247 crore, beating estimates. Despite strong results and Rs 23 dividend, shares fell 4% as Citi and Morgan Stanley retained sell ratings.