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Pidilite to ramp up paints biz in Puri's parting shot
Mint Mumbai
|March 27, 2025
Outgoing MD says firm targets 10-15% market share in decorative paints market
Known for its ubiquitous Fevicol adhesive, Mumbai-based Pidilite Industries is making a significant strategic pivot, aggressively ramping up its efforts in the fiercely competitive decorative paints market. With a keen eye on the burgeoning demand in non-urban India, the company aims to capture a substantial 10-15% market share, a move that marks a departure from its traditional focus.
Bharat Puri, managing director, pointed out that 30% of the country's ₹70,000-crore paints business is in small towns and rural markets. "We want to get a 10-15% market share of this business," he said. "When we get our model right, we want to be among the top three players in these (non-urban) markets."
This story is from the March 27, 2025 edition of Mint Mumbai.
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