The domestic paint industry has grown strongly by ~12% in the last 10 years despite various macro challenges like demonetisation, introduction of GST, floods in various states, volatility in input prices. Major paint players like Asian Paints, Berger Paints and Kansai Nerolac have been seen to have bounced back strongly supported by 1) India's long term growth drivers staying intact, 2) strong supply chain networks, 3) higher promotional spends, 4) pan India dealer reach, 5) strong management. Considering the gradual relaxation from lockdown (as of now ~76% districts either in orange...