Weighed down by stiff competition, the company has shed 1,172 crore over the past two weeks in mcap.
India's largest decorative paint company in terms of mcap, expects double-digit growth in the industrial segment and aims to maintain margins, but its performance in decorative paints could suffer amid competition.
The company's Q4 revenue rose by 3.5 per cent compared to the same period last year but was below consensus estimates.
The decorative paints business grew 10 per cent in volume but the value growth remained flat due to a negative price and product mix effect of 9-10 per cent. The company reduced prices when it had a higher proportion of commodity products such as putty.
Diese Geschichte stammt aus der May 16, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der May 16, 2024-Ausgabe von Business Standard.
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