Page 3 - Paint Companies

JSW Paints eyes 10% mkt share, spot among top-three paint players by 2025

At present, JSW Paints has a market share of 1.5 per cent in the decorative segment and is targeting 3-4 per cent by the end of this fiscal

ONGC, IOC, GSPL: Crude hits $71; is it time to focus on oil-related stocks?

ONGC and GSPL have registered a breakout and may surge over 20 per cent in the coming sessions, charts show

Grasim's entry into paints may have limited impact on existing players

Ability to penetrate distribution network and creating brand equity key challenges, say analysts

Up 160% in 10 months; will Grasim's foray into paint biz mean more upside?

The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research

Indigo Paints IPO opens for subscription today: Analysts give thumbs up

Indigo Paints is the fastest-growing paints company in India in terms of revenues, in a highly oligopolistic paint market.

Indigo Paints IPO to open on Jan 20; price band fixed at Rs 1,488-1,490

The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 58,40,000 equity shares

Paint companies better-placed to tackle higher crude prices, say experts

Robust rural demand, pricing power to mitigate the risk of increase in input costs

Berger capex remain unaffected amid pandemic, aims higher market share

The country's second-largest paint maker Berger Paints said that despite the pandemic its capital expenditure for this fiscal remain unaffected and will be the same as last year. The major investment will be in its upcoming Sandila plant near Lucknow of around Rs 260 crore and the plant was expected to be operational from 2022 onwards, a company official said on Friday. The company was implementing a few strategies to narrow the gap with the market leader Asian Paints that commands about 50 per cent share in the paints industry. "Yes, we love to gain further market share and close the gap between us and Asian Paints, and that is our endeavour. We have taken a lot of measures," Abhijit Roy, MD & CEO, said while replying to shareholders' questions during the 96th AGM of Berger Paints. "They (Asian Paints) are about three times our size and we are about 18-20 per cent and are quite hopeful that some of our strategies might work," Roy told reporters. He said the company

Paint stocks' valuations dicey, investors should await better entry point

Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips

Amid strong investor support, outlook bright for pricey paint stocks

Supportive macros and pricing power to help paint companies clock volume-led profitable growth, but buying on dips is advisable

Lower corporation tax rates add colour to paint sector's prospects

Earnings upgrades apart it could lead to higher volumes of premium decorative paints

Berger Paints hits new high in weak market, surges 12% so far in August

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.

Lower input costs may soften the impact of demand slowdown for paint firms

Berger has an edge over peers, given better operating efficiency

Crude bill softens and Rupee stabilises, but paint prices to go up in Dec

Prices were last hiked in October, as companies like Asian Paints, Berger Paints, and Kansai Nerolac reel under high input costs.

Stocks of major paint firms fall as Q2 numbers point to earnings pressure

Prices of key raw materials were elevated in Q2 on the back of high crude oil prices and a weak rupee against the dollar