synopsis
Operating margin increased both quarter-over-quarter and year-over-year as profitability improved as prices of some products softened. Operating margin he was 18.7%, 50 bps higher than last year’s level.
ET Intelligence Group: Decorative paints market leader Asian Paints has disappointed Street with its weak performance in the three months to the end of December. Volume and value remained flat. Contrary to expectations that sales volumes would grow by 4-5%, the company reports that sales volumes have flattened out due to the prolonged monsoon in October.
- font size
Abcsmall
AbcModerate
Abcbig
Uh oh! This is a special story that only select readers can read.
please do not worry. you are just a step away
congratulation! This story is unlocked for you.
We’ve got you covered with 30 days of access to ET Prime!
pretty no ads The Economic Times reading experience
Unlimited access to exclusive stories and insights 20+ sectors
detail Reports on 4000+ Stocksupdated daily
full access to ET printing platedigital newspaper
Activate access
No card information required
why ?
Exclusives, editorials and expert opinions from The Economic Times Across 20+ Sectors
stock analysis. Market research.industry trends With over 4000 shares
clean experience with
minimal advertising
Comment & Engage ET Prime Community and 
exclusive invitation Virtual event with industry leaders 
team you can trust journalists and analysts Who can best filter the signal from the noise