Asian Paints Q3 net profit rises 1.3%
K.B.S Anand, Managing Director & CEO of Asian Paints said, "The decorative business segment in India registered low single-digit growth in the quarter with demand impacted to a certain extent on the back of demonetisation. Automotive coatings JV (PPG-AP) witnessed good demand conditions in the Auto OEM segment and the industrial coatings JV (AP-PPG) business saw good growth in Industrial liquid paints and powder coating segments."
A Bloomberg poll estimated Asian Paints to report net profit of Rs 473 crore in Q3FY17. Photo: Youtube