K.B.S. Anand, Managing Director & CEO, Asian Paints, said that the decorative business segment in India registered double digit growth in Q2 September 2016. However, a prolonged monsoon did affect demand in west and central India. Good demand conditions in the auto OEM and general industrial business segment led to improved performance of the automotive coatings joint venture (PPG-AP). In the industrial coatings joint venture (AP-PPG), the industrial liquid paints segment cotinued to grow well in Q2 September 2016. The international business performed well aided by contribution from pick-up in Nepal, Fiji and certain units in the Middle East, K.B.S. Anand said. The kitchen business (Sleek) and bath business (ESS ESS) in the home improvement category delivered good growth in Q2 September 2016, he added.
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