Paint Firms

The company also intends to add one more manufacturing in the next three years with an investment of Rs 750-1,000 crore, Sundaresan A S, CEO at JSW Paints told Business Standard

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

Higher advertising costs and demand worries could put pressure on profitability

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

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

Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday

Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

The overall trend in paints stocks is still bullish with mild profit-booking.

Shares of Asian Paints, Berger Paints, and Kansai Nerolac gained between 3.7 and 7 per cent, even as the Sensex fell 1.5 per cent on Wednesday

Paint companies' relatively good performance in recent quarters, with double-digit volume growth and strong margins, is a key driving factor

The company delivered strong April-June quarter (Q1FY20) results led by low double-digit domestic decorative paint volume growth and robust growth in subsidiary businesses.

Oil prices fell more than 4 per cent on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March.

The rise in oil prices had earlier led to muted profitability outlook for paint companies and investors shying away from their stocks