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Bright Q3 at paint firms drives earnings upgrades, crude price a concern

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

Topics
paint firms | Asian Paints | Berger Paints

Yash Upadhyaya 



Paint sector, Asian Paint
The paint industry uses crude oil and its derivatives such as resins, monomers, etc as raw material – accounting for about 50 per cent of total expense.

Paint have been trending on the bourses, with the recently concluded December quarter (Q3) results being a major factor. Asian Paints, Berger Paints, and Kansai Nerolac — the industry’s big three — reported better-than-expected numbers in the seasonally strong quarter.

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First Published: Fri, February 12 2021. 20:01 IST

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