The outlook remains muted for Asian Paints as brokerages expect increased competitive pressures to weigh on its revenues.
In the July-September quarter of 2023-24 (Q2FY24), the paints major saw its revenue remain flat at Rs 8,452 crore, which was attributed to an erratic monsoon.
It impacted market sentiment, potentially leading to the deferment of sales to October given the late Diwali this year.