Asian Paints has released its Q2FY21 results today. It has beaten all the parameters. Naveen Kulkarni, CIO of Axis Securities, and market expert Prakash Diwan discussed the numbers as well as the growth, going forward.
"The numbers are a big beat on our estimates," said Kulkarni. “The revenue itself would have beaten by around 8-9 percent and the beat on EBITDA and profit after tax (PAT) is also quite significant. So the numbers are definitely big beat and we are likely to see upgrade in our estimates by around 8-10 percent for FY22 and probably FY23 also,” he added.
“We are looking at a real estate upcycle and that is absolutely well correlated with this stock move as well. I am quite positive,” said Diwan.
“If there is a correction, if there is a softness, there will be buying opportunity for the long-term portfolio,” Diwan added.