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.
Systematix retained a Buy rating on Asian Paints and raised its target price after stronger-than-expected June-quarter performance. The brokerage cited four straight quarters of strong volume growth, resilient demand despite price hikes, improving mix and pricing power.
Why this matters
The target hike follows recent signals of Asian Paints’ Q1 profit growth, expanding margins and rising decorative volumes, including reports of 40% profit growth and June-quarter profit of ₹1,559 crore.
Retail-company signals are accelerating, up 309000% QoQ.