Volume growth surprises positively yet again, margin headwinds and international business headwinds remain
Asian Paints posted strong topline growth with 18% volume and 27% value growth in 3QFY22 in decorative paints, 2-yr and 3-yr volume CAGR also very strong at 25%/20%; 9MFY22 volume and value growth at 40% and 43%, indicating market share gains. Value market share gain of 2.7% for the company till 2Q and even higher in terms of volumes, volume growth led by T1/T2 markets with T3/T4 markets growing at a lower pace, 50% growth continues in waterproofing, strong growth in wood finishes led by premiumization.
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Shares of Asian Paints Limited was last trading in BSE at Rs. 3274.60 as compared to the previous close of Rs. 3307.70. The total number of shares traded during the day was 76093 in over 12148 trades.
The stock hit an intraday high of Rs. 3325.00 and intraday low of 3242.85. The net turnover during the day was Rs. 250235966.00.