ECONOMY

Insights From PPG U.S. Call – Some Potential Implications For India Paints: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Asian Paints Ltd. hosted the Q1 FY22 results call on July 20, 2021. PPG Industries Inc. (global second largest paints and coating company by revenue, third largest by market cap) hosted its Q2 CY21 results call around the same time.

In our interpretation (from the call), Asian Paints expects raw material inflation to decelerate, whereas, interestingly, PPG U.S. expects raw material inflation to continue for now, and it explains it’s view on impact on auto original equipment manufacturer (some implications for Kansai Nerolac Ltd., Akzo Nobel India Ltd. etc. in our view).

Click on the attachment to read the full report:

ICICI Securities Consumer Paint Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
usanewswall Governmental News Finance News

Source link

Back to top button