Berger Paints India Ltd expects demand for paints to be ease slightly in the current fiscal year as rising interest rates and a surge in paint prices dent consumer sentiment. In terms of volume, about 5 percent deduction could be anticipated.
Paint prices have increased by 15 percent and that in itself dampens demand to a certain extent and then interest rates have gone up so much and all along there is hardening of the interest regime. Berger Paints gets 80 percent of its revenue from the decoratives segment, which largely caters to housing, and the remaining from industrial, with a minimum exposure to the automotive segment which is seeing a slowdown. The company, which raised prices by 6.8 percent in the June quarter, expects to hike prices by a further 2 percentage points in coming weeks.crackcrack
Company Name | CMP |
---|---|
Asian Paints | 2851.10 |
Berger Paints India | 491.50 |
Kansai Nerolac Paint | 273.65 |
Akzo Nobel India | 2525.75 |
Indigo Paints | 1376.15 |
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