Page 3 - Paints Industry

Asian Paints third quarter net profit jumps 62% to Rs 1,265 crore

Asian Paints on Thursday reported a 62.28 per cent jump in its consolidated profit to Rs 1,265.35 crore for the third quarter ended December 31, 2020. The company had posted a profit of Rs 779.71 crore during the same period of previous fiscal. Revenue from operations for October-December quarter stood at Rs 6,886.39 crore, up 25.43 per cent, as against Rs 5,490.11 crore reported in the same period of 2019-20 fiscal, Asian Paints Ltd said in a regulatory filing. Amit Syngle, Managing Director & CEO, Asian Paints said demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. "The domestic decorative business delivered a powerful performance with more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios. The Home Dcor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business". Syngle said the international ...

Asian Paints slips over 1.5% ahead of Q2 result; here's what to expect

For the quarter under review, analysts at IDBI Capital expect a strong recovery in the decorative coatings business compared to 1QFY21.

Nerolac expects double-digit growth this year, to invest Rs 450 cr

A 57 per cent market share in the automotive paints segment makes Kansai Nerolac the largest segmental player

Asian Paints: Investors should look at the stock for long term on dips

In addition to paints, construction chemicals and home decor could add to incremental growth

Kansai Nerolac Q1 net profit falls 79% to Rs 29.64 cr, income declines 58%

Total income declined 58.23 per cent to Rs 647.08 crore during the quarter under review as against Rs 1,549.18 crore in the corresponding quarter a year ago

Decorative paints and footwear stand out amid slowdown, may remain outliers

Market share gains and focus on product premiumisation are helping these segments

All's not well for paint companies: Partial price hikes won't be enough

With the crude oil prices moving up and rupee falling further, the key worry is the ability of paint companies to pass on the costs without impacting volumes and market share

Indian paints industry to grow to Rs 70,875 cr by 2019-20

The decorative paint market is expected to witness CAGR of 12.7%