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Asian Paints’ June quarter show reflects demand resilience SECTIONS Share Synopsis The performance of the company, which has over 60% market share in the decorative paints segment, is a reflection of consumer behaviour during a health crisis. Agencies Asian Paints, India’s largest decorative paints company, posted a strong performance for the June quarter amid the second Covid-19 wave. The company’s stock hit a record high and its market cap crossed ₹3 lakh crore. The performance of the company, which has over 60% market share in the decorative paints segment, is a reflection of consumer behaviour during a health crisis. The paint demand, while being discretionary, was found to be resilient – it did not get extinguished due to the pandemic but only got deferred. “We have seen very clearly last year that given that quarter one was down, the pent-up demand really continued till Q3 and early parts of Q4 to that extent. And therefore, there is o ....
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