Asian Paints-PPG JV income in FY2020 YOY Q2 rises by 9.4% despite slowdown

Asian paints PPG JV has recently released 2nd quarter financial results with 9.4% growth YOY FY 2020 to Rs 5051 Crore. They provide end to end coating solutions across market segments. Their profits grew up by 18.6% YOY FY2020 to Rs 121 Crore in 2^nd Quarter FY2020 in home improvement business. Asian paints-PPG is a joint venture collaborated for their business expansion globally in 1997, a global leader in paints and decorative business. Entire coating business is benefited from the stable raw material prices and but has seen a slowdown in decorative segments, automotive furnishing and Home improvement business due to economic recession.