Dulux shares performed well in March with a 3.2% return, the company has a premium offering and is well leveraged to the current cycle
Dulux shares performed well in March with a 3.2% return, the company has a premium offering and is well leveraged to the current cycle. BT Investment Management own Dulux in their small cap fund and say it is a business they continue to back. Dulux is benefiting from the increase in residential housing. Construction approvals are materially up, rebounding after consecutive months of decline, and Dulux, with its dominant position in the home improvement market, is expected to capitalise on the uptrend. Bunnings and Mitre 10 remain key distribution points with the majority of shelf space topped with their products.
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