Thu, May 11, 2017
In Q4, the company posted consolidated net profit of Rs 462.22 crore, rising by 10.40% compared to Rs 418.70 crore in the corresponding period of the previous year.
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A ICICI Securities report stated that after note ban, overall decorative paint companies are expected to post high single-digit volume growth in the March quarter, except South, which may see only low single-digit growth in Q4.
Mon, Jan 23, 2017
K.B.S Anand, Managing Director & CEO of Asian Paints said, "The decorative business segment in India registered low single-digit growth in the quarter with demand impacted to a certain extent on the back of demonetisation. Automotive coatings JV (PPG-AP) witnessed good demand conditions in the Auto OEM segment and the industrial coatings JV (AP-PPG) business saw good growth in Industrial liquid paints and powder coating segments."
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