On Asian Paints result
Consolidated revenue from operations increased 5.93 per cent year on year to Rs 5,350.23 crore.That is more or less what we were expecting. We were expecting 6% growth and that number is pretty closer to that. The volume growth was approximately 7%. We believe that probably because of the shutdown or the lockdown in Q1, there would have been a lot of pent-up demand which would have incurred during this quarter.
On revising price targets
We understand the next two quarters could also be witnessing a huge pent up demand in the decorative side of the business.
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