Investor Presentaiton
Business Update Domestic Decorative Business
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Paint Industry on a recovery mode, gaining from last month of Q1 - led strongly by tier 2/3/4
markets
Strong 11% volume growth in Q2 for the domestic decorative business
Volume growth improved in each of the months in the quarter
❖ Demand recovery centered around Economy, Premium & some Luxury range of products
Emulsion upgrade playing out strongly
Undercoats continue to grow well
Waterproofing portfolio expanding
❖Luxury Emulsions in certain categories doing well
Continued strong response to 'Safe Painting' & 'San Assure' Services
❖ Strengthening the Décor play with introduction of offerings in Lightings, Furnishings & Furniture
❖ Gross margins supported by stable input material prices as well as continued work on driving
sourcing / formulation efficiency
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