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Asian Paints has been virtually untouched by the pandemic

India pandemic Waves
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Asian Paints Ltd, the leader in the decorative paints segment, reported year-on-year (y-o-y) volume growth of as high as 48% for its India decorative business in the March quarter.

This comes on the back of roughly 33% growth in the December quarter. For the full year, volume growth stood at 13%, according to data collated by Jefferies India Pvt.

Ltd. What’s more, for the full year, pre-tax profits rose around 20%.For perspective, note that the market leader in the consumer goods space, Hindustan Unilever Ltd, reported pre-tax profit growth of only around 6% last fiscal.

This was despite the fact its volumes were hit to a far lesser degree owing to the lockdown last year.The company told analysts in a conference call that it has gained.

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COVID-19
United States
United States
Cases: 46 252 513
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Recovered: 0
India
India
Cases: 34 321 025
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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