Asian Paints’ strong Q1 prompts Systematix target-price hike to ₹3,285
Systematix retained its Buy call on Asian Paints after a stronger-than-expected June-quarter performance, citing four quarters of robust volume growth, resilient demand despite 13–14% cumulative price hikes, and improving mix and pricing power.
What happened
Systematix retained a Buy rating on Asian Paints and raised its target price after stronger-than-expected June-quarter performance. The brokerage cited four
Key facts
- Target price raised to Rs 3,285 from Rs 3,105
- Nearly 19% upside from current market price of Rs 2,761
- Cumulative price hikes of 13-14%
- FY27E volume growth forecast of 8% YoY
Why this matters
Asian Paints’ ability to protect demand while raising prices underscores the strategic value of brand strength, distribution reach and premium-product mix in home-improvement markets.