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.
Bu hikaye Business Standard dergisinin May 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 16, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Blackstone mops up ₹6,736 crore from 15.1% stake sale in Mphasis
Blackstone on Monday sold 15.1 per cent stake in mid-tier IT firm Mphasis via block deals.
ABSL MF quant fund to tap best ideas of top MFs
Aditya Birla Sun Life (ABSL) Mutual Fund (MF) has launched its quant fund, which will look to invest in top ideas of larger fund houses after filtering on the basis of quality and momentum factors.
Equity MFs saw record ₹34,000 cr inflows in May
Surge in investments spurred by rise in SIPS, HDFC MF NFO
Nabard may raise ₹30K cr via bonds in FY25: CRISIL
National Bank for Agriculture and Rural Development (Nabard) is planning to raise up to ₹30,000 crore through bonds in the current financial year (FY25) to support lending operations, according to rating agency CRISIL.
India may sustain 6.5-7% GDP growth between FY26 & FY30: UBS
India is expected to sustain a potential growth rate of 6.5 per cent -7 per cent year-on-year (Y-o-Y) between 2025-26 and 2029-30, UBS Securities said on Monday.
Address Manipur problem on priority, says RSS chief
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Monday expressed concern over peace eluding Manipur even after one year and said the situation in the strife-torn north eastern state must be considered with priority.
Life insurers' new business premium grew 15.5% in May
The life insurance industry's new business premium (NBP) increased by 15.5 per cent year-on-year (Y-o-Y) in May 2024, aided by growth across segments, according to Life Insurance Council's data.
Balanced development
Spatial inequality must be addressed
Left out
Blinkered ideology has made it irrelevant
Jobless youth and education
Some unemployment is natural.
