News Snapshot:
Analysts expect [Asian Paints Ltd.](//www.bloombergquint.com/stock/244442/asian-paints-ltd) ‘s market share gains in new and niche categories, from organized and unorganized peers, increased distribution and a rebound in discretionary demand to boost its sales growth. India’s largest paintmaker saw its revenue jump 26% over the year earlier in the quarter ended December, while its net profit fell as rising input costs offset the benefit from price hikes. Operating profit, too, fell year-on-year and margin contracted. The contraction in margin came as the company saw “steep and unprecedented inflationary trend in raw material prices”, Amit Syngle, managing director and chief executive officer, said in...
