Key facts
- Asian Paints reported a 69% year-on-year jump in Q4FY26 profit.
- The company's Q4 margins were stronger than expected.
- Nomura reiterated a Buy rating for Asian Paints with a Rs 3,600 target price.
- Motilal Oswal maintained a Neutral stance on the stock.
- Motilal Oswal cited demand uncertainties despite raising earnings estimates.
Asian Paints' shares experienced a significant rally following the release of its Q4FY26 earnings, which showed a substantial year-on-year profit increase and improved margins. This positive performance has led to varied reactions from financial analysts, with some maintaining a bullish outlook while others express caution regarding future demand. Motilal Oswal noted that aggregate Q4 FY26 profits rose 16% year-on-year, surpassing their 8% estimate, driven by strong performances in BFSI, metals, OMCs, technology, telecom, and automobiles.