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Paints Industry

Weak demand weighs on Asian Paints Q3; analysts see more pain in near-term

Asian Paints' consolidated net profit attributable to the owners of the company declined 23.3 per cent year-on-year (Y-o-Y) to Rs 1,110.5 crore in Q3FY25, down from Rs 1,447.7 crore in Q3FY24

Weak demand weighs on Asian Paints Q3; analysts see more pain in near-term
Updated On : 06 Feb 2025 | 12:15 AM IST

Paints sector looks for consumption-boosting measures in upcoming Budget

A 5 per cent price cut taken last year, new entrants capturing some market share, and an overall slowdown in the discretionary category

Paints sector looks for consumption-boosting measures in upcoming Budget
Updated On : 10 Jan 2025 | 9:09 PM IST

Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama

The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth

Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama
Updated On : 18 Dec 2024 | 11:29 PM IST

Akzo Nobel India Q4 results: Net profit rises 13.94% to Rs 108.7 cr

Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 13.94 per cent increase in consolidated net profit to Rs 108.7 crore in the fourth quarter ended March 2024, driven by volume growth. The company had posted a consolidated net profit of Rs 95.4 crore in the same quarter previous fiscal, Akzo Nobel India Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was Rs 973.4 crore as compared to Rs 951.4 crore in the year-ago period. The increase in revenue was driven by strong double-digit volume growth, the company said. Total expenses were higher at Rs 836.7 crore over Rs 824.9 crore a year ago. Akzo Nobel India said its board has recommended a final dividend of Rs 25 per equity share for the financial year 2023-24 subject to shareholders' approval in the forthcoming annual general meeting. The total dividend for FY24 aggregates to Rs 75 per share, including an interim dividend of Rs 50 declared earlier. For the fiscal ended

Akzo Nobel India Q4 results: Net profit rises 13.94% to Rs 108.7 cr
Updated On : 16 May 2024 | 6:59 PM IST

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion

Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion
Updated On : 04 May 2024 | 8:34 PM IST

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus
Updated On : 23 Feb 2024 | 12:11 AM IST

Kansai Nerolac Paints Q3 results: Net profit rises 39.6% to Rs 152 cr

Kansai Nerolac Paints Ltd on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue from operations was up 5 per cent to Rs 1,918.71 crore in the third quarter of the ongoing fiscal from Rs 1,826.81 crore in the year-ago period. Total expenses of Kansai Nerolac Paints were up 2.72 per cent to Rs 1,730.61 crore in the December quarter. Commenting on the results, Managing Director Anuj Jain said, "The quarter saw good demand for industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season." Raw material prices were stable despite volatility in crude. "Gross margins improved over the corresponding quarter last year. The company continues to see traction as regards to initiati

Kansai Nerolac Paints Q3 results: Net profit rises 39.6% to Rs 152 cr
Updated On : 05 Feb 2024 | 8:39 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

Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture

Mitshi India was founded in 1976 as Dera Paints and Chemicals Ltd and Its market cap on Friday stood at Rs 20.20 crore

Mumbai-based Mitshi India CFO resigns with handwritten letter: See picture
Updated On : 22 Dec 2023 | 12:54 PM IST

Grasim Industries to raise Rs 4,000 crore through rights issue of shares

The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024

Grasim Industries to raise Rs 4,000 crore through rights issue of shares
Updated On : 16 Oct 2023 | 11:00 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

Nerolac Paints Q1FY24 result: Consolidated net profit up 382% to Rs 734 cr

The total income for Q1FY24 came in at Rs 2,174 crore, compared to Rs 2,056.20 crore year-on-year

Nerolac Paints Q1FY24 result: Consolidated net profit up 382% to Rs 734 cr
Updated On : 03 Aug 2023 | 5:43 PM IST

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

Paint biz goes off-colour, likely to see a fresh coat of downside in demand
Updated On : 30 Jan 2023 | 6:10 AM IST

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 Q3 results: Net profit rises 5.6% to Rs 1,072.7 crore
Updated On : 19 Jan 2023 | 6:40 PM IST

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

Asian Paints December quarter net profit rises 6.4% to Rs 1,097 crore
Updated On : 19 Jan 2023 | 3:06 PM IST

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

Berger Paints India eyes Rs 20,000 crore turnover in the next 5-6 years
Updated On : 17 Jan 2023 | 10:34 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

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

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.

Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance
Updated On : 03 Aug 2022 | 10:26 AM 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