Paints Industry

Paint biz goes off-colour, likely to see a fresh coat of downside in demand

Q3 witnessed weak volumes; valuations do not factor in risks

Asian Paints Q3 results: Net profit rises 5.6% to Rs 1,072.7 crore

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

Asian Paints December quarter net profit rises 6.4% to Rs 1,097 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

Berger Paints India eyes Rs 20,000 crore turnover in the next 5-6 years

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

Easing raw material prices likely to aid margins of Asian Paints

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

Falling raw material costs to aid margin expansion for Asian Paints

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

Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance

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.

Demand recovery a rosy picture for paint companies in Apr-Jun quarter

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

Spike in crude oil prices takes away the gloss from paint companies' shares

Margins could be badly impacted, while weak demand across segments could disrupt top lines

Berger monitors cost, demand closely before taking price hike call

Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia's invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger's raw material ...

Demand worries, higher input costs may derail Kansai Nerolac's Q1 show

While the first three weeks of April saw robust demand in what is considered a seasonally strong period, lockdown in multiple states has seen offtake collapse

Asian Paints third quarter net profit jumps 62% to Rs 1,265 crore

Asian Paints on Thursday reported a 62.28 per cent jump in its consolidated profit to Rs 1,265.35 crore for the third quarter ended December 31, 2020. The company had posted a profit of Rs 779.71 crore during the same period of previous fiscal. Revenue from operations for October-December quarter stood at Rs 6,886.39 crore, up 25.43 per cent, as against Rs 5,490.11 crore reported in the same period of 2019-20 fiscal, Asian Paints Ltd said in a regulatory filing. Amit Syngle, Managing Director & CEO, Asian Paints said demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. "The domestic decorative business delivered a powerful performance with more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios. The Home Dcor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business". Syngle said the international ...

Asian Paints slips over 1.5% ahead of Q2 result; here's what to expect

For the quarter under review, analysts at IDBI Capital expect a strong recovery in the decorative coatings business compared to 1QFY21.

Nerolac expects double-digit growth this year, to invest Rs 450 cr

A 57 per cent market share in the automotive paints segment makes Kansai Nerolac the largest segmental player

Asian Paints: Investors should look at the stock for long term on dips

In addition to paints, construction chemicals and home decor could add to incremental growth

Kansai Nerolac Q1 net profit falls 79% to Rs 29.64 cr, income declines 58%

Total income declined 58.23 per cent to Rs 647.08 crore during the quarter under review as against Rs 1,549.18 crore in the corresponding quarter a year ago

Decorative paints and footwear stand out amid slowdown, may remain outliers

Market share gains and focus on product premiumisation are helping these segments

All's not well for paint companies: Partial price hikes won't be enough

With the crude oil prices moving up and rupee falling further, the key worry is the ability of paint companies to pass on the costs without impacting volumes and market share

Indian paints industry to grow to Rs 70,875 cr by 2019-20

The decorative paint market is expected to witness CAGR of 12.7%