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.
Shalimar Paints Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 13.93 crore for September quarter FY26. The company had reported a net loss of Rs 19.37 crore for the July-September period a year ago, according to a regulatory filing from Shalimar Paints. Revenue from operations was down to Rs 133.81 crore in September quarter FY26 from Rs 144.74 crore a year ago. Total expenses were at Rs 151.26 crore, down 8.7 per cent year-on-year. Total income, which includes other income, was at Rs 137.12 crore, falling 6.16 per cent year-on-year. However, in the first half (H1) of FY26, total consolidated revenue was at Rs 293.24 crore, up 6.5 per cent. Shares of Shalimar Paints Ltd on Wednesday were trading at Rs 76.32 apiece, up 2.68 per cent from the previous close.