{"id":1650,"date":"2021-01-25T10:41:24","date_gmt":"2021-01-25T10:41:24","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=1650"},"modified":"2021-01-25T10:41:24","modified_gmt":"2021-01-25T10:41:24","slug":"double-digit-growth-to-continue-in-4qfy21-asian-paints","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2021\/01\/25\/double-digit-growth-to-continue-in-4qfy21-asian-paints\/","title":{"rendered":"Double-digit growth to continue in 4QFY21 &#8211; Asian Paints"},"content":{"rendered":"<p><b>Update on Indian Equity Market:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Markets started the fresh week on a selling spree as Nifty closed the day 133 points lower at 14,239. Within the index, the gainers were led by GRASIM (5.9%), UPL (4.0%) and CIPLA (3.8%) while RELIANCE (-5.9%), INDUSINDBK (-5.5%) and HCLTECH (-3.8%) led the losing pack. Within the sectoral indices, PHARMA (1.7%), METAL (0.2%) and BANK (0.1%) were the only gainers while IT (-1.8%), AUTO (-0.8%) and REALTY (-0.8%) were the highest losers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Excerpts of an interview with Mr Amit Syngle, MD &amp; CEO- Asian Paints (ASIANPAINT) with CNBC TV18 dated 22<\/span><span style=\"font-weight: 400;\">nd<\/span><span style=\"font-weight: 400;\"> January 2021:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3QFY21 has been phenomenal as the company witnessed a YoY growth of more than 30%. The growth was achieved on the back of the Indian decorative segment which grew 32% YoY in volume terms and 26% in terms of value.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All three months during 3QFY21 reported double-digit YoY volume growth. October grew fastest in terms of volumes. The company gained market share in the organized as well as the unorganized market. Metros, Tier-I and Tier-II contributed to a sizable chunk of growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">He said that industrial and international segments picked up strongly from 2QFY21. The growth was seen across verticals.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The consumer sentiment continued to improve. The company expects to continue double-digit YoY volume growth in 4QFY21.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The industry is witnessing some pent demand which is difficult to quantify. The construction and real estate sector is also picking up which will add to the growth during the quarter.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">He said that 4QFY21 may see an impact in terms of raw material inflation. The company is still expected to maintain the current level of margins in the quarter.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Consensus Estimate: (Source: market screener website) <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2022 The closing price of ASIANPAINT was \u20b9 2,521\/- as of 25-January-2021. It traded at 80x\/ 65x\/ 56x the consensus earnings estimate of \u20b9 31.5\/ 38.7\/ 45.3 for FY21E\/FY22E\/23E respectively.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2022 The Consensus price target of ASIANPAINT\u00a0 was \u20b9 2,525\/- as of 25<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> January 2021 which is 56x of FY23E EPS estimate of \u20b945.3\/-.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disclaimer: \u201cThe views expressed are for information purposes only. The information provided herein should not be considered as investment advice or research recommendation. The users should rely on their own research and analysis and should consult their own investment advisors to determine the merit, risks, and suitability of the information provided.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Update on Indian Equity Market: Markets started the fresh week on a selling spree as Nifty closed the day 133 points lower at 14,239. Within the index, the gainers were led by GRASIM (5.9%), UPL (4.0%) and CIPLA (3.8%) while RELIANCE (-5.9%), INDUSINDBK (-5.5%) and HCLTECH (-3.8%) led the losing pack. Within the sectoral indices, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[57,56],"tags":[460,669,600],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/1650"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=1650"}],"version-history":[{"count":1,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/1650\/revisions"}],"predecessor-version":[{"id":1651,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/1650\/revisions\/1651"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=1650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=1650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=1650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}