According to Asian Paints CEO KBS Anand, Goods won't create a disruption which will last for more than a quarter. He added that GST will enable the organised sector to perform better depending upon tax rates on paints.
Brokerage houses are mixed on the counter as overall they waited for monsoon and 7th pay commission to reflect in earnings, though the company maintained double-digit volume growth when every single consumer goods firm is grappling with slowdown issues.
Raw material cost was down 10.6 percent at Rs 1952 crore in Q2 while other expenses jumped 8 percent at Rs 880 crore.
Growth in FY16 could be incrementally better than FY15. While, FY15 growth would be similar to that of FY14, said KBS Anand, MD & CEO of Asian Paints.
Consolidated total income grew 13.2 percent to Rs 3,452 crore in the quarter ended December 2013 from Rs 3,049.6 crore in a year ago period.
Asian Paints started in 1942, reached the top of the Indian market in 1967 and has stayed there ever since. It now sells through 35,000 dealers across India.