Quarterly Results

India's largest paint maker posted strong double-digit volume growth and margin expansion in Q4FY26, supported by decorative paints demand and industrial coatings growth

Consolidated net profit rose 69 per cent to ₹1,172 crore ($123.1 million) for the ​quarter ended March 31, topping ‌analysts' ​expectations of ‌₹1,116 crore

While companies have started to pass input cost rise to consumers, inflation, according to G Chokkalingam, founder and head of research at Equinomics Research has not become a major issue yet.

For cement manufacturers, the primary concern is the sudden spike in energy costs as the industry relies heavily on imported fuel, which is now becoming significantly more expensive

However, in the calendar year 2026 so far, paint stocks have underperformed the market, falling up to 38 per cent due to poor operational performance and rising crude oil prices.

A total of 100 stocks from the Nifty 500 index registered new 52-week lows on Monday as selling intensified amid escalating geopolitical tensions.

Nomura's top picks include Britannia and Titan. It also prefers Marico, Tata Consumer, Godrej Consumer, Asian Paints and United Spirits

Systematix continues to prefer Berger Paints India, highlighting its consistent growth outperformance and momentum across both decorative and industrial segments

Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war

Despite the near-term volatility, ICICI Direct said that markets have historically bounced back after geopolitical shocks