Paints Industry

Berger Paints Ltd chairman Rishma Kaur on Monday said that the company will continue to build on its century-old legacy of trust and innovation while focusing on "sustainable" growth and strategic expansion. Kaur said the company is maintaining a cautious approach towards any acquisitions. When asked why the company did not bid for Akzo Nobel's paints business which is up for sale in India, Pakistan and Sri Lanka, the Berger Paints chairman told PTI that "Under the current circumstances, it does not align with our strategy. Therefore, we have not placed any bid so far." She said, "We have our plans, whether competition is high or low. We will deal with it in a structured manner. If a good acquisition opportunity arises, we will evaluate it based on the price-benefit equation. However, we have the capability to grow organically, and that remains our priority. We have acquired companies in the past and will continue to consider acquisitions if they align with our strategic ...

Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24

A 5 per cent price cut taken last year, new entrants capturing some market share, and an overall slowdown in the discretionary category

The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth

Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 13.94 per cent increase in consolidated net profit to Rs 108.7 crore in the fourth quarter ended March 2024, driven by volume growth. The company had posted a consolidated net profit of Rs 95.4 crore in the same quarter previous fiscal, Akzo Nobel India Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was Rs 973.4 crore as compared to Rs 951.4 crore in the year-ago period. The increase in revenue was driven by strong double-digit volume growth, the company said. Total expenses were higher at Rs 836.7 crore over Rs 824.9 crore a year ago. Akzo Nobel India said its board has recommended a final dividend of Rs 25 per equity share for the financial year 2023-24 subject to shareholders' approval in the forthcoming annual general meeting. The total dividend for FY24 aggregates to Rs 75 per share, including an interim dividend of Rs 50 declared earlier. For the fiscal ended

Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Kansai Nerolac Paints Ltd on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue from operations was up 5 per cent to Rs 1,918.71 crore in the third quarter of the ongoing fiscal from Rs 1,826.81 crore in the year-ago period. Total expenses of Kansai Nerolac Paints were up 2.72 per cent to Rs 1,730.61 crore in the December quarter. Commenting on the results, Managing Director Anuj Jain said, "The quarter saw good demand for industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season." Raw material prices were stable despite volatility in crude. "Gross margins improved over the corresponding quarter last year. The company continues to see traction as regards to initiati

The company has already broken even at an operating level during the year, and its earnings before interest, tax, depreciation, and amortisation (EBIDTA) margins are expected to be in single digits

Mitshi India was founded in 1976 as Dera Paints and Chemicals Ltd and Its market cap on Friday stood at Rs 20.20 crore

The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024

The production of paints will take place at the company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal

The total income for Q1FY24 came in at Rs 2,174 crore, compared to Rs 2,056.20 crore year-on-year

Q3 witnessed weak volumes; valuations do not factor in risks

The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore

The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a regulatory filing

The company was scouting for a 40-50 acre-plot in Odisha, says Abhijit Roy, MD and CEO, Berger Paints

Sales performance in the festival season was muted; volumes expected to recover

Despite the raw material pressures, the company posted a 172 bps expansion in operating profit margins as compared to the year ago period, given operating leverage benefits

The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.