Asian Paints releases Q2 results

Asian Paints today announced their financial results for the quarter and six months ended September 30, 2020.

Amit Syngle, Managing Director & CEO, Asian Paints Limited, said: “All the business segments continued to witness improving demand conditions on a progressive basis during the second quarter of this financial year.

"The Decorative business segment registered good volume growths for each of the months and therefore, a healthy double digit volume growth for the quarter, with demand picking up across regions.

"The other business segments in India, including the two industrial coatings business and both the segments in the Home Improvement category, also experienced improving trends in line with the phased out re-opening of the economy.

"The International business portfolio did well, supported by favourable market conditions in Middle East, Africa and Asia, with the exception of Nepal, which continued to witness challenging business conditions due to the pandemic.

"Profitability across businesses was well supported by a better product mix, the stable raw material prices, favourable foreign exchange rate and the large number of cost optimisation measures put in place by the Management.”

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