Paints

Birla's paints unit said to have filed antitrust case against Asian Paints

Aditya Birla Group's paints business, Birla Opus, has accused Asian Paints of abusing its market dominance. Birla Opus filed an antitrust complaint with the Competition Commission of India. They allege Asian Paints pressured retailers to avoid stocking Birla products. Asian Paints denies any anti-competitive behavior. The CCI is reviewing the complaint.

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Birla Opus expects solid growth in FY26; plans for portfolio expansion

Though he did not share any projections for Birla Opus' next financial year, he said similar growth is expected in FY26.
Akzo India to sell powder coating business for Rs 2,073 cr

Akzo Nobel India received a binding offer from its parent company to acquire its powder coatings business and international research centre for a total of ₹2,143 crore. Additionally, the parent company will sell intellectual property rights of its decorative paints business in several countries to Akzo Nobel India for ₹1,152 crore.
Race for Akzo Nobel's India business heats up as Blackstone, other PE firms join race

The competition to acquire Akzo Nobel NV's India business has intensified with the entry of global investment firm Blackstone alongside other PE funds like Warburg Pincus and Carlyle Group. Rivals JSW Paints and Pidilite Industries are also interested, while Aditya Birla Group and Berger Paints have opted out.
Demand flat in paints business, but not worrisome: Birla Opus CEO Rakshit Hargave

Birla Opus CEO Rakshit Hargave stated that the paint market is not as negative as some competitors have indicated. He noted the market is flat or slightly declining, but Birla Opus has gained market share. Hargave aims for continued growth and reaching a network of 50,000 dealers by the end of the year.
Berger Paints to focus on sustainable growth, open to acquisitions: Chairman Rishma Kaur

Berger Paints Ltd chairman Rishma Kaur stated the company aims to sustain its legacy of trust and innovation while prioritizing sustainable growth and cautious acquisitions. Berger Paints plans to double its turnover by 2030 and invest Rs 2,000 crore in new projects to enhance capacity.
Asian Paints Q3 profit falls 23.5 pc to Rs 1,128.4 cr, sales dip 6 pc

Asian Paints reported a 23.5 per cent decline in consolidated net profit to Rs 1,128.43 crore for Q3 FY25, citing muted demand and a weak festive season. Revenue from operations fell 6 per cent to Rs 8,549.44 crore. Managing Director & CEO Amit Syngle noted subdued demand, particularly in urban areas, and increased expenses impacting margins.
Paint companies of all hues line up for Akzo Nobel India

Major paint companies like Pidilite, JSW Paints, Berger, and Indigo Paints have submitted bids for acquiring Akzo Nobel India. The acquisition is valued at approximately ₹13,107 crore, following Akzo Nobel NV's strategic decision to sell its Indian operations. This move comes amid growing consolidation in the Indian paints industry.
Akzo Nobel India to explore sale of powder coatings biz, R&D to indirect arm of parent firm

Akzo Nobel India Ltd's board has decided to explore selling its powder coatings business and R&D operations to Akzo Nobel NV. They will also consider the potential acquisition of decorative paints intellectual properties. This move follows a request by the company's parent firm. The board has authorized management to start the evaluation of these potential transactions.
Shalimar Paints taps rural India to gain market share; expands with new categories

Shalimar Paints targets rural Indian markets to utilize the untapped potential, focusing on affordability, availability, and performance. Launching Mela Series and Smart Bharat product lines, the company aims to increase market share and cater to diverse needs while introducing new product categories to strengthen its portfolio.
Indian paint sector faces margin squeeze amid intensifying competition: Report

Revenue growth for long-established players such as Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, and Indigo Paints moderated to 4 per cent in FY'24, significantly lower than the 14-15 per cent CAGR recorded between FY'19 and FY'23, CareEdge Ratings said in its study.
AkzoNobel India approves selling company's immovable properties

In a stock exchange filing, the company stated, "The Board has approved a proposal of monetisation by way of sale of Company’s immovable property/ies, which is/are having a very limited use/non-productive use for business operations of the Company. As and when the Company is about to reach a finality on sale of such immovable property/ies by signing the definitive agreement/s, appropriate disclosures to the stock exchanges would be made."