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Demand recovery a rosy picture for paint companies in Apr-Jun quarter

Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action

Increasing disposable incomes, surge in sales of high-end products and rapid urbanisation, among other things, are driving demand for luxury and premium paints. Source: Adobe Stock
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Ram Prasad Sahu Mumbai
Buoyed by a robust demand in the first two months of the quarter and a favourable base, paint companies are expected to see a healthy performance in the April-June quarter.

Listed paint majors could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action. 

During the last quarter, volumes had declined for all players due to Omicron and channel disruption.

Most of the 14 per cent growth in the previous quarter was on account of pricing action.

Analysts led by Percy Panthaki of IIFL Research said that demand was robust across

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First Published: Jul 15 2022 | 6:48 PM IST

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