Paints
Grasim made Rs 20,000 cr capex in FY24, its largest ever: Chairman Kumar Mangalam Birla
Grasim Industries has announced a record capital expenditure of nearly ₹20,000 crore for fiscal year 2023-24, marking its largest investment to date. Over the past five years, the company has invested nearly ₹50,000 crore, with over 75% dedicated to growth initiatives.
Berger Paints eyes 5pc value growth in Q2FY25; targets doubling turnover to Rs 20,000 cr by 2029
Berger Paints India Ltd has raised prices three times since June, aiming for a 5% value growth in Q2 by September 2024. The company achieved an 11.8% volume growth in Q1 FY2025, with plans to double its turnover to Rs 20,000 crore by 2029. It will also convert its Howrah plant into an R&D centre by 2025.
Asian Paints doubles production capacity at Mysuru plant for Rs 1,3o5 crore investment
Asian Paints is investing heavily to expand production capacity at various plants. The company is doubling capacity at the Mysuru plant and increasing capacities at Ankleshwar, Kasna, and Khandala. Additionally, a new water-based manufacturing facility in Madhya Pradesh is underway. CRISIL Ratings forecasts a significant growth in the organized paints sector. Aditya Birla Group's new brand, Birla Opus, targets to secure the position of the second-largest player in the market.
Organised paints sector set to double production capacity by 2027
A study by CRISIL Ratings reveals that the organised paints sector's production capacity is set to double to 7.8 billion litre per annum by 2027 with investments of Rs 19,000 crore lined up from key industry players.
JSW Paints aims at matching industry-level profitability in 3-4 years
JSW Paints aims to match industry profitability levels in the next three to four years, targeting a 15-18% operating margin range. The paint-maker turned profitable at an operating level in 2023-24 with margins over 3% and crossed ₹2,000 crore in revenue. Now, it aims for ₹5,000 crore revenue by FY26. Despite pricing pressure from competitors like Birla Opus, JSW Paints is confident in its ability to compete and maintain its market share against established players.
JSW Group's paint biz turns profitable; aims Rs 5,000 cr sales by FY26
JSW Paints, a leading Indian paints company, has crossed Rs 2,000 crore in revenue in FY24 and achieved its first operating profit in five years. The company aims for Rs 5,000 crore revenue in the next two years by expanding its retail presence in the home decorative business and adding more products in the industrial coating business. JSW Paints is aiming to grow faster than the market, with a target of 5 to 10 times the market growth. The company has a network of 6,000 retailers across the country and has invested Rs 900 crore in its decorative and industrial coating business.
Rivals’ pricing tactics won’t impact Asian Paints’ plans: CEO
Asian Paints stays committed to investing in brand value and capacity expansion, unfazed by new market entrants' pricing strategies. The company's growth outlook remains positive, with a focus on customer loyalty, retail expansion, and strategic investments.
Asian Paints sees rural trends improving; headwinds in Nepal & Egypt to impact near-term performance
Asian Paints anticipates a surge in rural market demand in the first quarter of the current financial year. While expecting B2B growth in the second quarter post-elections, it eyes robust expansion in government and infrastructure sectors. However, geopolitical concerns and macroeconomic challenges in Nepal and Egypt may affect near-term performance.
A century of colours: Berger Paints celebrates an era of success and innovation
Berger Paints' century-long journey showcases resilience and innovation, with ambitious plans for doubling revenue by 2028-2029. The brand's success lies in transforming living spaces with innovative products like Berger Easy Clean and Berger Dampstop.
Grasim Industries raises Rs 1.2k cr from IFC for paints biz
Birla Opus aims to have a higher usage of renewable energy and water recycling at its manufacturing plants, and IFC's investment will help this decarbonisation process, Grasim said on Tuesday. "We will work collaboratively with IFC to further enhance our sustainability footprints," managing director HK Agarwal said. "We are addressing the transition to a low-carbon economy through our renewable projects and energy-efficient products."
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How Grasim Industries plans disruption in 'decorative paints' segment
Aditya Birla group firm Grasim Industries aims to become the second largest player in the paints sector, which it considers a "high-potential" growth engine along with its new B2B e-commerce business for construction materials, its Chairman Kumar Mangalam Birla said at the company's AGM on Friday. This move intensifies competition in the decorative paints sector, which is currently dominated by major players like Asian Paints and Berger. The Mumbai-headquartered group aims to become a profitable No. 2 player in the coming years. The company aims to hit a revenue of Rs 10,000 crore within three years of full-scale operations.
Aditya Birla's Grasim Industries ventures into paints business with 'Birla Opus': Details here
Aditya Birla Group's flagship company, Grasim Industries enters decorative paints business with 'Birla Opus'. Aditya Birla Group's flagship company, Grasim Industries eyes second-largest position in the decorative paints business with this launch. Watch!
Grasim Industries ventures into paint business with Birla Opus, eyes second-largest position in the sector
Grasim Industries, part of the Aditya Birla Group, enters the paint business with the launch of Birla Opus, intensifying competition in the decorative paints sector. Grasim aims to become a profitable No. 2 player, doubling its planned investment to Rs 10,000 crore for paints in FY23. The Indian paints and coatings industry is expected to grow to Rs 1 lakh crore in the next five years.
Berger Paints and Chief Minister Naveen Patnaik lay the foundation for the firm’s mega factory in Odisha
Berger Paints announces the establishment of a new manufacturing unit in Odisha as part of the government's 'Make In Odisha' initiative. The facility will produce paints, coatings, construction chemicals, and intermediates, with an annual capacity of 4,10,000 KL/MT.
100 years of brilliance! Berger unveils a colourful tapestry of success
Berger Paints has achieved transformative success through innovation and creativity. From Lewis Berger's pioneering venture in Europe to the establishment of Berger Paints India Ltd. in 1923, the company has constantly evolved and set new benchmarks for excellence.
JSW Paints revenue hits Rs 1,500 crore in April-December; set to become profitable in FY24
JSW Paints, an unlisted entity of diversified conglomerate JSW Group, on Tuesday said its revenues touched Rs 1,500 crore in the first nine months of FY24 and is confident of turning profitable in the current fiscal. The company is aiming to close FY24 with a topline of over Rs 2,000 crore, as per an official statement.
