APL Holds Position As Industry Leader

The industry leader in the decorative paints segment, Asian Paints (APL) posted a strong growth in its third quarter (Q3) Financial Year (FY) 2019. Being ranked among the Top 10 decorative coatings companies in the world, APL’s consolidated revenue grew by 24.1 per cent Year-on-Year (YoY) to Rs5,293.99 crore from Rs4,267.49 crore in Q3. APL is into manufacturing wide range of paints for decorative and industrial use through its subsidiaries and has operations in 16 countries across the world with 26 paint manufacturing facilities. An analyst tracking the company at ICICI direct said that the company has a dominant share in the decorative paint segment with 53 per cent market share and a dealer network of over 55,000 across India. APL derives 89 per cent of its topline from the decorative segment while the rest comes from the industrial segment. Its net sales and profit after tax...