ASIAN PAINTS-Buoyant Demand

EPW Research Foundation MCDOWELL & CO Expansion Plans THE flagship company of the Vijay Mallya group, McDowell & Co, one of the largest players in the spirits industry, closed the financial year ended March 1995 with a sales turnover of Rs 669 crore, up by 52 per cent from Rs 439 crore achieved in the previous year. Other income rose by 229 per cent. Interest costs increased by 36 per cent. An increase in the provision for depreciation by 50 per cent was nullified to a certain extent by a fall of 15 per cent in the provision for taxation, leaving the company with a net profit of Rs 14 crore. up by 7 per cent from Rs 13 crore recorded in the previous year. A dividend of 20 per cent has been recommended.