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