Paint Firms

Indian paint sector faces margin squeeze amid rise in competition: Report

The Indian paint industry, after witnessing robust growth in FY'22 and FY'23, is bracing for a challenging landscape marked by intensifying competition and margin pressures, according to a report. Revenue growth for long-established players such as Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, and Indigo Paints moderated to 4 per cent in FY'24, significantly lower than the 14-15 per cent CAGR recorded between FY'19 and FY'23, CareEdge Ratings said in its study. The decline was attributed to price cuts with softening raw material costs and an increasing share of lower-value products in the sales mix. While the volume growth remained high at over 10 per cent, the revenue moderation can be attributed to price cuts undertaken by the players to partly pass on softening raw material cost and change in product mix with a growing share of lower-value products," the report said. The revenue was further impacted in the first half of FY'25 (H1FY'25) due to stiff competition, genera

Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama

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

Asian Paints Q2 result: Net profit falls 42.4% to Rs 694.6 cr on low demand

Asian Paints Q2FY25 results: During the quarter, the company's net sales stood at Rs 8,003.02 crore, down 5.3%

Dulux owner AkzoNobel seeks sale of India unit amid growing competition

JSW Group, Adani Group, Aditya Birla Group, and Asian Paints Ltd have been approached as potential buyers for the deal

Akzo Nobel India rallies 5%; hits record high on healthy growth outlook

Akzo Noble India shares climbed following the start of commercial production of powder coating products from its Gwalior plant with an installed capacity of 5,166 tonne per annum.

Keeping close watch on competition, says Berger Paints India MD & CEO

Roy's comments come in the wake of the entry by the Aditya Birla group into the decorative paints segment

Pricing, unfavourable product mix likely to hit Asian Paints stocks

Some brokerages have reduced target prices after muted Q1 showing

Rerating of paint stocks still some time away, say analysts

Paint stocks to buy: The competitive scenario in the paint sector will only increase in the near to medium term, caution analysts

JSW Paints breaks even at operating level in FY24, revenue crosses Rs 2k cr

The company attributed the rise in gross revenues to a significant ramp-up in both decorative paints and industrial coatings businesses

Berger to make sustainable paint stabilisers with RK Mission college tech

Berger Paints Ltd announced on Sunday that it will produce a stabilising agent for its paints using technology from a college run by the Ramakrishna Mission at Belur in West Bengal's Howrah district. The company has signed a technology transfer agreement to explore pilot-scale and subsequent industrial-scale production of green ammonia by an electrocatalytic method without using green hydrogen. "Currently, we procure stabilisers from external sources. But this technology of Ramakrishna Mission Vidyamandira, which has proven lab outcomes, is far more environmentally friendly and will also provide us with a cost advantage," Berger Paints MD & CEO Abhijit Roy told PTI. Ramakrishna Mission Vidyamandira is a residential autonomous degree college in Belur. This has nothing to do with green hydrogen production, he said. Green ammonia production involves a process of making ammonia that is renewable and carbon-free. One way of producing green ammonia is by using hydrogen from water ...

Grasim Industries secures Rs 1,250 cr from International Finance Corp

The investment by IFC, World Bank's private sector arm, will be in the form of a subscription to non-convertible debentures (NCD) issued by Grasim

JSW Paints sees business revenue at Rs 2,200 crore by end of FY24

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

Asian Paints Q3 results: Net profit up 35% to Rs 1,448 cr on strong sales

Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, it said in a filing

AkzoNobel appoints Rajiv Rajgopal as decorative paints South Asia head

The company has also appointed Rohit Totla as sales and marketing director and designated India as the regional headquarters for South Asia, January 1, 2024 onwards

Asian Paints Q2FY24 results: Net profit rises 54% to Rs 1,205 crore

On a quarter-on-quarter (Q-o-Q) basis, the company's net sales decreased by 7.7 per cent, while net profit declined by 22.2 per cent

Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'

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

Indian paints, coatings industry estimated to grow to Rs 1 trn in 5 years

The size of the Indian paints & coatings industry is estimated to grow to Rs 1 lakh crore in the next five years from the present Rs 62,000 crore, said Akzo Nobel India. Besides, the margin for the paints & coatings industry will improve as in FY23, it witnessed softening of raw material prices from their previous highs, said the latest annual report of Akzo Nobel India, a leading player in the segment. "As raw materials account for approximately 55-60 per cent of the input costs, price corrections in crude oil and other essential components resulted in improved margins for the industry," it said. The industry has emerged as an attractive sector, by the entry of several new players in recent times, which are actively investing in infrastructure, technology, and marketing to establish their presence and capture a share of the market, it said. "This heightened competition has prompted existing players to further bolster their capabilities and differentiate themselves in order to

Near-term outlook remains strong for India's listed paint companies

A bigger canvas for volumes likely in double digits, while margins could expand on lower costs

Corporate giants foray into paints biz to cash in on growing demand

According to Indian Paints Association, the paints and coating sector in the country is expected to touch Rs one trillion in next five years, from Rs 62,000 cr currently

Techno Paints to set up two new plants in Andhra, one in Madhya Pradesh

: City-based paint maker Techno Paints on Tuesday said it was setting up three more plants -- at Visakhapatnam and Chittoor in Andhra Pradesh and Katni in Madhya Pradesh -- to manufacture cement putty, textures, primers and emulsions. In the first phase, each plant will have an annual capacity of 30,000 metric tonnes. We are investing Rs 46 crore on the new plants," Akuri Srinivas Reddy, Founder of Fortune Group which owns Techno Paints, said in a press release. "We are raising funds through debt. Banks are ready to provide funding." Techno Paints currently has three plants in Telangana and one in Andhra Pradesh, with a cumulative annual capacity of 2.50 lakh metric tonnes. To meet its objective of emerging as one of the major players in India's painting sector, Techno Paints is expanding its retail network across India. With more than two decades of experience in executing major corporate and government painting projects, the company was now making concerted efforts to carve a ni