PAINT Sector:
Q1 – FY 2017-18 was bad for the India Paint sector. Click here to see Q4 Results.
For the numbers, 4 companies out of 5 able to register improvements in the Revenue in April to June quarter of 2017-18 as compared to same period last year (1 fails to do so) while only 1 company able to register growth in Profits and 4 other fails to do so.
The Common Parameters for such Dismal Performance for the Sector are
(1) an upward trend in material prices which had an impact on margins,
(2) the decorative business registered low / single-digit volume growth in the first quarter,
(3) the financials could also have been impacted due to the impact of goods and services tax (GST).
Market Leader Performance:
Market leader Asian Paints registered 5.57% growth in Revenues and 19.98% de-growth in Profits as compared to the same period last year.
Star Performer in the Sector:
The star performer in the sector for the quarter ended 3 June 2017 was Kansai Nerolac where the company showed 11.32% increment in profit and 10.91% growth in Revenue as compared to same period last year.
Here is the Data:
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