Asian Paints consolidated income up 18.3%

Asian Paints has announced its financial results for Q2 and the six months ended September 30, 2013. Consolidated income from operations for Q2 increased by 18.3% (+15% for H1), while standalone income from operatrions for Q2 increased by 18.2% (+15.6% for H1).
KBS Anand, MD and CEO, commented: "The decorative paints business in India fared very well and registered good double digits volume growth. Good growth witnessed across geographies especially in the Tier 2 and Tier 3 cities. Industrial coatings business continues to be affected by the economic slowdown.”