ASIAN PAINTS Robust Growth in Slowdown also

Now this is one company which is remains affected by the biggest slowdowns in two sectors – realty and automobile. With both the sectors being its main consumer and with both having slowed down, naturally, the going looks grim for Asian Paints. Its other main revenue earner.
In the third quarter ended 31st Dec 2008, though the company showed a robust growth in revenue, the bottomline was affected due to rising raw material costs. On a consolidated basis, PAT declined 50.35% to Rs 59.02 crore while net sales rose 12.17% to Rs 1321 crore.
25% of its revenue came from the international markets, especially the Middle East. But with the slowdown in those regions too and construction activities coming to a virtual standstill, this pie from exports could also take a hit in Q4 of the current fiscal.
Quoted at Rs.726, Asian Paints is also feeling the pains of the slowdown. thanks