Try GOLD - Free
Rupee new worry for paint cos
Mint Kolkata
|January 02, 2025
The paint industry, long an oligopolistic stronghold with high entry barriers, is undergoing a shift.
The paint industry, long an oligopolistic stronghold with high entry barriers, is undergoing a shift. The entry of new players has intensified competition, leaving established players scrambling to defend their turf.
To retain or expand market share, both incumbents and new entrants are ramping up capacities, expanding dealer networks, and are set to boost advertising spends. But this aggressive push is straining profitability, especially with disruptive pricing from entrants like Birla Opus threatening earnings growth. Companies face a tough choice: prioritize market share or protect margins.
And the tumbling rupee presents an additional challenge. The Indian currency recently breached ₹85 to a US dollar to hit an all-time low.
This story is from the January 02, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
HOW PRICING FLAW IN GROUP HEALTH HURTS EMPLOYEES
Group health plans, often overshadowed by retail health, underpins India’s health insurance industry.
2 mins
February 06, 2026
Mint Kolkata
Seven years on, mediation sees less than 2% settlements
Lawyers say the process is widely treated as a procedural hurdle rather than a serious effort
2 mins
February 06, 2026
Mint Kolkata
There's a martini on every bar menu right now
Even as people drink less, bars are leaning into the glamour quotient of martinis in New York and London
4 mins
February 06, 2026
Mint Kolkata
New buyers to drive AC sales: Voltas
Voltas expects a double-digit revenue growth in its room air conditioner business this summer, betting on first-time buyers to lead a rebound in demand after a subdued season last year, according to a senior company executive.
1 min
February 06, 2026
Mint Kolkata
Nationwide audit of blood banks ordered
The Union government has ordered a nationwide audit of all 4,153 licensed blood banks and centres after children in some states tested HIV (human immunodeficiency virus)-positive following allegedly contaminated transfusions, according to two government officials and a document that The report reviewed.
2 mins
February 06, 2026
Mint Kolkata
Nykaa’s Q3 net profit jumps 157%; gross sales, margins up
Nykaa's parent FSN E-Commerce Ventures Ltd saw its third-quarter consolidated net profit jump, driven by an increase in gross sales and margins.
1 min
February 06, 2026
Mint Kolkata
Dhurandhar drives PVR's profit surge
PVR revenues climbed due to higher footfalls, ticket prices and food and beverage sales.
1 min
February 06, 2026
Mint Kolkata
Capital controls are creeping back: Look at Indonesia's case
Jakarta has begun tightening rules and others could follow suit
3 mins
February 06, 2026
Mint Kolkata
A day out with pets and art
A Mint guide to what's happening in and around your city
1 min
February 06, 2026
Mint Kolkata
NSDL glitch leaves investors without shares and funds
Settlement disruptions hit investors for a second straight day
2 mins
February 06, 2026
Listen
Translate
Change font size