Q1 – FY 2017-18 was bad for the India Paint sector. Click here to see Q4 Results.

For the numbers, 4 companies out of 5 able to register improvements in the Revenue in April to June quarter of 2017-18 as compared to same period last year (1 fails to do so) while only 1 company able to register growth in Profits and 4 other fails to do so.

The Common Parameters for such Dismal Performance for the Sector are

(1) an upward trend in material prices which had an impact on margins,

(2) the decorative business registered low / single-digit volume growth in the first quarter,

(3) the financials could also have been impacted due to the impact of goods and services tax (GST).

Market Leader Performance:

Market leader Asian Paints registered 5.57% growth in Revenues and 19.98% de-growth in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 3 June 2017 was Kansai Nerolac where the company showed 11.32% increment in profit and 10.91% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q1 ( APR – JUN ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q4 was somewhat better for the Paint sector. Click here for Q3 Results.

Though India’s decorative business registered low double-digit growth in Q4, all the three paint companies posted good performance as far as revenues are concern – thanks to the good demand conditions in auto OEM and general industrial business.

As far as numbers are concern, the profits of 2 companies were up in the range of 10% to 18%, while revenues were up for all the in the range between 7% to 10%.

Market leader Asian Paints and Akzo Nobel has posted a good set of numbers both in profits as well as revenues, while Kansai Nerolac posted a decline in profits and marginally increment in revenues.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 31 March 2017 was “Kansai Nerolac” where the company showed 18.13% increment in profit and 9.78% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q4 ( JAN – MAR ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.