Asian Paints, Kansai Nerolac, Berger Paints face YTD declines
In short
Asian Paints, Kansai Nerolac, and Berger Paints have fallen this year, with losses as high as 27%. The report says Elara Securities sees signs of recovery and expects 12% to 13% revenue growth, but demand is still weak before Q2 FY27.
This matters for paint investors because sales and prices may stay under pressure. The report does not say if the slowdown has already ended.
What the reporting says
Asian Paints, Kansai Nerolac, and Berger Paints were reported to be under downward pressure, with year-to-date declines of up to 27%. The summary said Elara Securities expects signs of recovery and 12%-13% revenue growth, while demand remains subdued ahead of Q2 FY27 because of dealer inventory and competitive dynamics. The report does not confirm whether the recovery will materialize.
Why it matters
The paint stocks of Asian Paints, Kansai Nerolac, and Berger Paints are still weak after year-to-date declines of up to 27%. Elara Securities is cited as expecting 12%-13% revenue growth and signs of recovery, but subdued demand, dealer inventory and competition remain a drag ahead of Q2 FY27. The immediate takeaway is continued pressure on the sector, though the source leaves the turnaround uncertain.