Asian Paints and Bergers earnings will show if people will risk renovators inside their homes until then it – Business Insider India

This time along with the coronavirus crisis, the prolonged monsoons and floods in different states impacted decorative paints adding to woes of the paint makers. Yet, the two stocks have ridden a wave of hope over in the last one month.

The green-zone volumes picked up in the first week after lockdown, but it shrank once pending work was completed, according to a dealer volume check by B&K Securities.

According to Statista, Asian Paints own about 38.87% of the paint market share in India, whereas Berger Paints own a little over 12%.

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Indias sanitiser market is expected to touch 500-crore mark this year all thanks to the coronavirus woes. In the times of new normal, paint companies are expecting a good demand for the health and hygiene ranges. Berger paints also introduced its antimicrobial powder coatings for usage in the medical industry to restrict the spread of infection as much as possible.

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SEE ALSO: No layoffs, Asian Paints will give salary increments to boost employees morale

Asian Paints shareholders had a fear that Goldman Sachs just confirmed Indians will not rush to do up their homes

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Asian Paints and Bergers earnings will show if people will risk renovators inside their homes until then it - Business Insider India