See reasonable market share growth, says Asian Paints
Asian Paints reported a good set of earnings in the fourth quarter with double digit volume growth in the decorative paints segment.
The year on year (YoY) revenues for the quarter were up 14.7 percent at Rs 4,484 crore versus Rs 3908 crore, EBITDA was up 18.5 percent at Rs 840 crore versus Rs 709 crore. However, other income was down at Rs 39.2 crore versus Rs 70 crore.
KBS Anand, MD & CEO, Asian Paints said the demand was much stronger in East and North of India but competition impacted the South India region.
He said for the past 53 years the company has consistently gained market share and he was reasonably confident of gaining in the years ahead as well.
Talking about growth, he said it is intrinsically linked to the growth of the Indian economy and GDP. The overall paint industry is linked to construction, housing, maintenance and the general employment generation in the economy, he said.
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