The paints major is seeing some signs of recovery in its tier 3 and tier 4 cities, which they call as rural markets. These cities have seen a surge in economy range products, Amit Syngle, MD and CEO, Asian Paints
Asian Paints Q3: Nomura India sees adjusted profit at Rs 1,372.60 crore, up 28 per cent. This brokerage sees revenue for Asian Paints rising 4.9 per cent to Rs 9,055.50 crore. Ebitda margin is seen expanding 340 basis points YoY
Asian Paints Q3 Results: Asian Paints reported a 35% YoY rise in Q3 profit to Rs 1,448 crore, beating estimates. Consolidated revenue from operations grew by 5.4% YoY to Rs 9,103 crore. The decorative business in India recorded a 12% volume growth and 5.5% value growth. The company s Q3 operational performance improved due to input cost pressures and a favourable mix.