Asian Paints, Kansai Nerolac, Berger Paints slump up to 27% YTD. Is it time to buy paints stocks ahead of Diwali?

Asian Paints, Kansai Nerolac, and Berger Paints are experiencing downward pressure with year-to-date declines. Elara Securities anticipates signs of recovery, with 12-13% revenue growth, although demand remains subdued ahead of Q2 FY27, driven by dealer inventory and competitive dynamics.