Berger Paints India Ltd closed the March quarter with an impressive show. Competitor Asian Paints Ltd posted 48% y-o-y volume growth. “The revenue trajectory was better than both Kansai Nerolac and Indigo Paints, clearly reflecting the dominance of Asian Paints and Berger Paints in the decorative paints industry so far," said analysts at JM Financial Institutional Securities. Asian Paints shares have risen 57% compared to its pre-covid highs, while those of Berger have risen at 36%. Asian Paints is the second most expensive with a PE multiple of around 76 times.

Source: Mint May 27, 2021 17:37 UTC