Asian Paints Q3 Review - Strong Business Recovery Witnessed Across Categories, Markets: IDBI Capital
A tin of ready mixed blue paint. (Photographer: Jasper Juinen/Bloomberg)

Asian Paints Q3 Review - Strong Business Recovery Witnessed Across Categories, Markets: IDBI Capital

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Asian Paints Ltd. reported above expected result driven by 33% volume growth in decorative coatings followed by double digit revenue growth in both home improvement business and international market.

Festive demand and resurgence of construction activity has contributed towards strong revenue growth.

Deflationary raw material cost supported seventh consecutive quarter of gross margin expansion. Foray into Home Decor is tracking well.

The company guides to double the count of stores which are offering Home Decor solution in next two years.

Click on the attachment to read the full report:

IDBI Capital Asian Paints Q3FY21 Result Update.pdf

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