Asian Paints Q1 profit met estimates; analysts flag near-term margin risks from rising costs and competitive pressures.

• Motilal Oswal stays neutral (PT ₹2,500), citing demand uncertainty despite urban recovery and soft input prices.
• Ambit Capital maintains a sell (PT ₹2,070), warns of margin strain from anti-dumping duty, and trims FY26 EBITDA by 5%.
• Centrum sees a mixed outlook (PT ₹2,650), highlighting raw material relief offset by ad spends, discounting, and duty impact.