Indian Clarity

Light. Truth. Clarity.

Loading ad...
Business

Paintmakers flag intense competition, pricing  pressure; pin hopes on demand recovery...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Mar 1:  The country’s leading paint manufacturers expect competitive intensity to remain elevated in the coming months, even as they foresee an improvement in demand and volume growth in the March quarter (Q4), along with sustained margins. The top management of leading paint companies, such as Asian Paints, Kansai Nerolac, Berger Paints and AkzoNobel India, in their earnings calls, acknowledged the impact on sales in October and a sustained recovery in November and December. The markers also pointed out the impact of a shorter festive period, along with a prolonged monsoon, on sales in the December quarter.

Paintmakers flag intense competition, pricing  pressure; pin hopes on demand recovery...

Credit: Dailyexcelsior

Key Highlights

  • They remain cautiously optimistic that the cyclical recovery, infrastructure push and stabilising consumption patterns will support volume growth even as competitive intensity stays elevated.
  • Asian Paints MD and CEO Amit Syngle said the market continues to witness strong competitive pressure with no signs of a pullback.
  • He added that the company is focusing on structural cost reduction rather than relying on raw material deflation or price-led benefits.
  • Despite a shorter festive season and prolonged monsoon, Asian Paints, the leader in the segment, reported high single-digit volume growth.
  • Syngle said demand trends across retail, B2B and industrial segments are likely to remain stable in the near term.
Loading ad...

Sources

  1. Paintmakers flag intense competition, pricing  pressure; pin hopes on demand recovery...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...