Paint companies sparkle on price rise, but ‘gains could be short-lived’

Paint companies sparkle on price rise, but ‘gains could be short-lived’

Shares of paint manufacturers gained Wednesday on news reports that some companies have raised product prices, but analysts warn these upsides will be short-lived as the sector faces pressure on profitability. Indigo Paints soared 10.7%, Asian Paints gained 3.3%, Kansai Nerolac rose 3.4% and Berger Paints moved up 2.5%. “The uptick in the paint stocks … Read more

Grasim Q4 results: Grasim Q4 revenue at record Rs 37,727 crore

Grasim Q4 results: Grasim Q4 revenue at record Rs 37,727 crore

Mumbai: Anchored by a strong performance in its cement and financial services businesses, Grasim Industries clocked in a 13% growth in its consolidated revenue for the March quarter, which took it to an all-time high of ₹37,727 crore. While operating profit of the flagship company of the Aditya Birla Group jumped by a little over … Read more