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Grasim's aim to pull off a Jio puts Asian Paints valuations in doubt

Grasim’s aim to pull off a Jio puts Asian Paints valuations in doubt
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Many have come and failed as they were unable to get past Asian Paints’ unmatched distribution and value proposition to customers.
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MUMBAI: India’s decorative paints industry has been a lucrative ground for those who have wanted to challenge the hegemony of market leader Asian Paints over the years. Many have come and failed as they were unable to get past Asian Paints’ unmatched distribution and value proposition to customers.
This time it’s different or so the Dalal Street feels.

Mumbai , Maharashtra , India , Bharti-airtel , Jio-infocomm , Birla-white , Morgan-stanley , Grasim-industries , Aditya-birla-group , Asian-paints , Asian-paint , Dalal-street

Asian Paints Q3 results: Profit surges 62% to Rs 1,238 crore, beats Street estimates

Asian Paints Q3 results: Profit surges 62% to Rs 1,238 crore, beats Street estimates
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Asian Paints had reported a net profit of Rs 764.43 crore for the corresponding period a year ago.
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Asian Paints posted a net profit of Rs 1,238.34 crore for the quarter ended December 31.
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Asian Paints on Thursday reported a 62 per cent year-on-year jump in net profit to Rs 1,238.34 crore for the December quarter. The paints manufacturer was expected to post a net profit of Rs 940 crore, according to estimates by 13 brokerages polled by ETMarkets.com.
The company had reported a net profit of Rs 764.43 crore for the corresponding quarter last year.

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