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Asian Paint's Amit Syngle: Q2 has been redeeming; demand in non-metro cities still bullish

Updated : November 23, 2020 09:09 PM IST

The second quarter has been really redeeming with demand galloping in August and September, said Amit Syngle, managing director and chief executive officer, Asian Paints on Thursday, while adding that the double-digit volume growth posted by the company is unprecedented in these times.

Syngle said, “The Q2 has been redeeming for us and demand really galloped for us especially in the months of August and September and the whole second quarter we delivered double-digit volume growth which was unprecedented in these times.”

The Asian Paints MD further said that the demand in tier II-III-IV cities is still bullish. However, people are wary of a second COVID peak.

On prices, he said, “We are not looking any drop in prices because we are seeing mix trends with respect to prices with the way they are going.”

According to him, expensive imports, rupee losing a bit of steam impact overall costs.

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