Page 2 - Paints

Asian Paints posts 45% rise in Q4 profit on strong demand, easing costs

Asian Paints dominates nearly half of the domestic paints sector, and the decorative paint segment accounts for about 80% of the company's revenue

Kansai Nerolac Paints Q4 net profit jumps five-fold to Rs 96 crore

Kansai Nerolac Paints Ltd on Monday reported over five-fold growth in its consolidated net profit to Rs 96.24 crore for the fourth quarter ended March 2023. The company had posted a consolidated net profit of Rs 19.17 crore in the January-March period a year ago, Kansai Nerolac Paints Ltd (KNPL) said in a regulatory filing. Its revenue from operations surged 12.81 per cent during the quarter under review to Rs 1,733.59 crore. It was Rs 1,536.60 crore in the corresponding period last fiscal, it added. The total expenses were 7.61 per cent higher at Rs 1,618.08 crore compared to Rs 1,503.54 crore in Q4 FY22. KNPL's total income in the March quarter was at Rs 1,743.29 crore, up 13.52 per cent. KNPL Managing Director Anuj Jain said all businesses have done well in the March quarter. "Though raw material prices have softened, for the year, inflation is still positive. Judicious cost management efforts were continued. This along with various initiatives undertaken in previous quarters

Easing raw material prices likely to aid margins of Asian Paints

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

Spruce up your living spaces with luxury paints and premium services

Paint makers are going beyond selling colour and are offering to do up your house themselves real quick without compromising on workmanship

Berger monitors cost, demand closely before taking price hike call

Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia's invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger's raw material ...

Akzo Nobel India Q3 net down 4% at Rs 84 cr; revenue up 18% at Rs 914 cr

Paints and coatings maker Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in consolidated net profit to Rs 83.82 crore for the quarter ended December 2021

Paints, tiles players' stocks stand to gain from realty's revival

Favourable macros, market share gains for larger players, pent-up demand are key growth drivers

Kansai Nerolac Paints Q1 net rises over two-folds to Rs 111.38 crore

Kansai Nerolac Paints Ltd on Friday reported an over three-fold increase in its consolidated net profit to Rs 111.38 crore for the first quarter ended June 2021.

Kamdhenu eyes Rs 1,000-cr revenue from paints section in next 5 years: CMD

Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects

Kansai Nerolac Paints' Q4 net profit rises 89 pc to Rs 123.62 crore

Kansai Nerolac Paints Ltd on Friday reported an increase of 89.14 per cent in its consolidated net profit to Rs 123.62 crore for the fourth quarter ended March 2021

Rebound in auto industry set to brighten prospects for Kansai Nerolac

While decorative paints business remains strong, overall economic growth to aid industrial segment

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

JSW shakes up the paints market dominated by Asian Paints, Berger

JSW Paints on course to achieve 1st-yr distribution & turnover targets

Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit

The fund-raising comes at a time when the company plans to penetrate cities and scale up investments and become a key player in the industry

Berger Paints to market auto refinish paints of Japan's Rock Paint in India

Through this tie up, companies aim to tap the Rs 20,000 crore automotive refinish market in India

Berger Paints partners with Japan's Chugoku for marine coatings market

Through this tie up, Chugoku aims to become one of the leading firms in Indian marine paints market

Asian Paints acquires Sri Lankan firm Causeway Paints

Causeway Paints had reported revenues of approximately Rs 253.60 crore in the previous fiscal

Berger Paints to set up mixing plant in Gujarat

The new plant, which will be built near its subsidiary Beepee Coatings at Vallabh Vidhyanagar, will have capacity of 2,400 kilo litre (KL) per annum

Paint stocks trade higher; Shalimar Paints, Kansai Nerolac hit 52-week high

Shalimar Paints surged 11% to Rs 174 ahead of its Q1 results on Friday, the August 12, 2016.

Paint companies' rich valuations sustainable

Double-digit volume growth in decorative segment continuing, say analysts