So far in this calendar year, shares of paint makers have declined more than the National Stock Exchange’s benchmark Nifty. Anand, managing director and chief executive of Asian Paints Ltd, said in his latest post-earnings conference call with analysts. In the December quarter, Asian Paints Ltd’s decorative paints segment saw single digit volume growth. For the third straight quarter Berger Paints India Ltd’s decorative paints volume grew better than market leader Asian Paints Ltd. Paint makers took two consecutive price hikes aggregating 5.5% in March and May of 2017.

Source: Mint February 26, 2018 02:03 UTC