Asian Paints Share Price: Shares of Asian Paints edged higher by 2 per cent to Rs 2,920.50 on the BSE in Tuesday’s intraday trade, bucking broader market weakness. The stock was the top performer among the 30-share BSE Sensex, while the benchmark index was down 0.59 per cent at 85,138.27.
The stock has rebounded 37 per cent from its 52-week low of Rs 2,125 hit on March 4, 2025, and is trading just below its 52-week high of Rs 2,926 touched on November 11, 2025. Over the past two months, Asian Paints has rallied approximately 25 per cent, highlighting strong investor interest.
Why did the Paint sector struggled to recover
The paints industry faced a challenging Q2FY26, impacted by heavy monsoon rains and a shorter pre-Diwali season, which slowed sales, particularly of higher-margin exterior paints. Despite this, Asian Paints management expects double-digit volume growth in H2FY26 (April to September) on the back of:
1) Improved demand for exterior paint products
2) Strong festive season sales
3) Increased demand from real estate and industrial sectors
4) The company expects a 4-5 per cent gap between volume and value growth, which is likely to narrow over time with increased sales of premium and luxury products.
Raw material cost advantage
Crude oil prices, a key cost driver for paint manufacturers, have softened recently amid hopes of a Russia-Ukraine truce, reducing input costs for monomers, resins, and solvents. Analysts note that this improves gross margin visibility and enhances pricing flexibility in a competitive market.
Should you buy, sell or hold the stock: Brokerage views on Asian Paints
ICICI Securities projects Asian Paints’ revenue and PAT to grow at a CAGR of 9 per cent and 14 per cent respectively over FY25-28, with an upward revision in volume growth trajectory likely. The stock trades at 60.7x FY26E EPS and 54x FY27E EPS, below its 5-year average multiple of 67x. ICICI Securities has upgraded the stock to ‘Buy’ with a target price of Rs 3,330.
Motilal Oswal Financial Services also sees steady growth ahead, noting that innovation, brand salience, and regionalisation initiatives are expected to support consistent performance. With demand stabilising and raw material costs benign, analysts have raised EPS by 4-6 per cent, and target price is revised to Rs 3,000, with a ‘Neutral’ rating.
What investors will look forward to
Asian Paints has emerged as a market leader poised for steady growth despite near-term industry challenges. Strong volume momentum, cost advantage from softer crude, and strategic initiatives in premium segments provide a supportive backdrop for the stock. Investors can watch for further gains as festive and industrial demand strengthens in H2FY26.
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