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
A bigger canvas for volumes likely in double digits, while margins could expand on lower costs
Sales performance in the festival season was muted; volumes expected to recover
Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action
JSW Paints, which is present in the south and west of the country, is looking to launch in the north and the east
Analysts foresee some cost saving measures to provide additional support to the paint companies' Ebitda margin