Business Standard

paint firms

Pricing, unfavourable product mix likely to hit Asian Paints stocks

Some brokerages have reduced target prices after muted Q1 showing

Pricing, unfavourable product mix likely to hit Asian Paints stocks
Updated On : 18 Jul 2024 | 11:26 PM IST

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

Rerating of paint stocks still some time away, say analysts
Updated On : 08 Jul 2024 | 10:56 AM IST

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

JSW Paints breaks even at operating level in FY24, revenue crosses Rs 2k cr
Updated On : 23 May 2024 | 9:48 PM IST

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 ...

Berger to make sustainable paint stabilisers with RK Mission college tech
Updated On : 25 Mar 2024 | 11:48 PM IST

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

Grasim Industries secures Rs 1,250 cr from International Finance Corp
Updated On : 19 Mar 2024 | 1:23 PM IST

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

JSW Paints sees business revenue at Rs 2,200 crore by end of FY24
Updated On : 31 Jan 2024 | 12:40 AM IST

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

Asian Paints Q3 results: Net profit up 35% to Rs 1,448 cr on strong sales
Updated On : 17 Jan 2024 | 4:35 PM IST

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

AkzoNobel appoints Rajiv Rajgopal as decorative paints South Asia head
Updated On : 19 Dec 2023 | 5:12 PM IST

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

Asian Paints Q2FY24 results: Net profit rises 54% to Rs 1,205 crore
Updated On : 26 Oct 2023 | 10:31 PM IST

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

Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'
Updated On : 14 Sep 2023 | 11:45 AM IST

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

Indian paints, coatings industry estimated to grow to Rs 1 trn in 5 years
Updated On : 10 Jul 2023 | 6:58 PM IST

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

Near-term outlook remains strong for India's listed paint companies
Updated On : 22 May 2023 | 6:15 AM IST

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

Corporate giants foray into paints biz to cash in on growing demand
Updated On : 19 May 2023 | 5:12 PM IST

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

Techno Paints to set up two new plants in Andhra, one in Madhya Pradesh
Updated On : 11 Apr 2023 | 10:12 PM IST

New player will always need more dealers: JSW Paints CEO Sundaresan A S

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

New player will always need more dealers: JSW Paints CEO Sundaresan A S
Updated On : 13 Jan 2023 | 8:46 PM IST

Easing raw material prices likely to aid margins of Asian Paints

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

Easing raw material prices likely to aid margins of Asian Paints
Updated On : 30 Nov 2022 | 10:05 PM IST

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock

Higher advertising costs and demand worries could put pressure on profitability

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock
Updated On : 04 Nov 2022 | 10:09 PM IST

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

Falling raw material costs to aid margin expansion for Asian Paints
Updated On : 27 Sep 2022 | 11:08 PM IST

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

Demand recovery a rosy picture for paint companies in Apr-Jun quarter
Updated On : 15 Jul 2022 | 10:07 PM IST

Tech View: How to trade paint stocks amid drop in crude oil prices?

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

Tech View: How to trade paint stocks amid drop in crude oil prices?
Updated On : 22 Jul 2021 | 12:21 PM IST