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HDFC Securities: Asian Paints - De-Facto King

An expansive dealer network, along with products at every price point, has ensured Asian Paints’ unhindered dominance for decades.

Open tins of red paint pass along the production line at a paint and coatings factory. (Photographer Jasper Juinen/Bloomberg)
Open tins of red paint pass along the production line at a paint and coatings factory. (Photographer Jasper Juinen/Bloomberg)
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