The management said the domestic decorative business delivered a stellar performance, registering a 48 per cent volume growth in the quarter, led by robust growth in the premium and luxury product ran
The company's revenue from operations in Q4 was up 43.5 per cent to Rs 6,651.4 crore from a year ago
Asian Paints reported over 84 per cent jump in its consolidated net profit at Rs 852 crore for the January to March quarter as compared to Rs 462 crore in the previous corresponding period
M&M said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to the year-ago period due to the second wave of the coronavirus
Godrej Consumer's chart looks attractive with the RSI also improving the bias and indicating strength for further upside move in the coming days
Asian Paints seems to have completed its corrective move and are poised for a resumption of the uptrend
The lasting legacy of the Asian Paints chief, who retired last year, will be the diversification he undertook without hurting the core business
Falling crude oil prices to support margins
Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns
Q3 results point to the trend; consolidation will continue, say analysts
Will take on the likes of Asian Paints, Nerolac in a sector that has registered a revenue CAGR of 11% between FY14 and FY19
Analysts hike earnings estimates but remain cautious over its margins
Consolidated revenue from operations increased 25.2 per cent to Rs 6,788.5 crore in Q3, compared with Rs 5,420.3 crore last year
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 ...
The recent reversal in paint stocks may see aggravated buying momentum after conquering significant resistances
Big names that are out of the index include BHEL, Sterlite Industries, Jindal Steel, Ambuja Cement, ACC, and SAIL
The stock price has broken down on the daily chart with higher volumes where it closed at the lowest level since 03 November
Recovery in domestic growth and lower input costs should aid margin improvement
Ipca Labs has tripled in the last one year from the lows of Rs 817 and continues to hold the same strength and momentum. Charts indicate more headroom from the current levels
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%