scorecardresearchPaint companies post healthy margins in Q1; How should investors play this?

Paint companies post healthy margins in Q1; How should investors play this?

Updated: 03 Aug 2022, 02:40 PM IST
TL;DR.
For the quarter ending June, Kansai Nerolac reported a consolidated net profit of 152.05 crore, up 36.5% year on year. Similarly, Asian paints delivered strong numbers for Q1FY23 and beat analyst expectations. The company's revenue was up by 54.09 per cent to 8,606.94 crore. 
Crude prices have come off sharply and are trading below $100 levels, which has supported the paint companies' margins in Q1.

Crude prices have come off sharply and are trading below $100 levels, which has supported the paint companies' margins in Q1.