Paint Company Shares

ICICI Securities, which had upgraded the Asian Paints stock in June 2025, said several tailwinds are now in place.

Few stay in frame as soft sales and rising competition blur the outlook canvas

Given the multiple headwinds facing the sector, the stock has shed about 15 per cent over the past year and is down 25 per cent over the past three years

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

The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth

A bigger canvas for volumes likely in double digits, while margins could expand on lower costs

Sales performance in the festival season was muted; volumes expected to recover

Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action

JSW Paints, which is present in the south and west of the country, is looking to launch in the north and the east

Analysts foresee some cost saving measures to provide additional support to the paint companies' Ebitda margin