Will Asian Paints sustain growth momentum of Q2?

Will Asian Paints sustain growth momentum of Q2?

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But Asian Paints’ strong recovery gives rise to the question of whether it is sustainable going ahead.

Synopsis

The Asian Paints stock hit a record high on the eve of the company announcing its September quarter results. The company didn’t disappoint and posted resilient growth — a double-digit increase in volumes and multi-year high margins.

ET Intelligence Group: The Asian Paints stock hit a record high on the eve of the company announcing its September quarter results. The company didn’t disappoint and posted resilient growth — a double-digit increase in volumes and multi-year high margins. Recovery in consumer demand in tier 2,3 and 4 markets ahead of the festive season helped the company post 6% increase in consolidated net sales, operating margin of 24% and an 11% growth in

BY

ET Bureau

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