PAINT SECTOR: Q4 ( JAN – MAR ’17 ) RESULTS AND ANALYSIS
PAINT Sector:
Q4 was somewhat better for the Paint sector. Click here for Q3 Results.
Though India’s decorative business registered low double-digit growth in Q4, all the three paint companies posted good performance as far as revenues are concern – thanks to the good demand conditions in auto OEM and general industrial business.
As far as numbers are concern, the profits of 2 companies were up in the range of 10% to 18%, while revenues were up for all the in the range between 7% to 10%.
Market leader Asian Paints and Akzo Nobel has posted a good set of numbers both in profits as well as revenues, while Kansai Nerolac posted a decline in profits and marginally increment in revenues.
Star Performer in the Sector:
The star performer in the sector for the quarter ended 31 March 2017 was “Kansai Nerolac” where the company showed 18.13% increment in profit and 9.78% growth in Revenue as compared to same period last year.
Here is the Data:
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