The domestic paint sector has an estimated size of Rs.500 billion. The sector can be divided into two main segments, decorative paints and industrial paints, where the decorative paint segment accounts for almost 75% of the market.
Asian Paints and Berger Paints are the two dominant players in the Indian decorative paint segment, garnering a market share of 80%.
India's per capita consumption of paints is 4.1 kgs, which is half of the global average of 13-15 kgs per capita consumption. This disparity indicates an immense scope for the domestic paint market to grow.
Apart from this, the rise in disposable income, higher urbanization, a growing rural market, and a shortening of the repainting cycle is the primary demand drivers for the paint industry.
The paint stocks have created tremendous wealth for its investors. Considering oil is the key raw material in the pint manufacturing process, a good time to invest would be when the oil prices are falling. You can access an exhaustive list of the top paint stocks in India on Equitymaster.
Apr 24, 2024
Whether the rough patch should be considered a permanent damage for Asian Paints.
Mar 3, 2024
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Feb 27, 2024
Asian Paints down 20% from its one-year high. What's causing this dip?
Sep 26, 2023
Intensifying competition and cost inflation pressure among other reasons have had a huge impact on shares of paint companies in 2022.
Aug 9, 2023
What's the outlook for paint stocks? Find out...
Jun 29, 2023
This midcap paint stock is set to issue bonus shares in the ratio of 1:2 next week. More details inside.
Mar 31, 2023
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Feb 27, 2023
Is it finally time to get in these oversold stocks in India?
Feb 9, 2023
I believe it doesn't make sense to buy large-cap stocks now.
Nov 17, 2022
These paint companies have grown their sales and profits at a faster pace than the market, in the last five years.
Mar 21, 2024
These Nifty50 companies are down more than 10% in 2024.
Feb 28, 2024
Should the current rough patch be considered permanent damage for Asian Paints? Find out...
Oct 20, 2023
Does the share price of Asian Paints, the bluest of bluechip stock, deserve to trade at these lows?
Sep 18, 2023
The stories of investors with a modest investment in few stocks, becoming crorepatis over decades, are few and far between.
Aug 7, 2023
The stories of investors with a modest investment in few stocks, becoming crorepatis over decades, are few and far between.
Apr 26, 2023
These companies are fundamentally strong and can ride out any storm.
Mar 7, 2023
Indian economy is at an inflection point of emerging as an economic powerhouse. This could be a rare lucky moment for investors in Indian stocks.
Feb 15, 2023
No respite for shareholders as Indigo Paints once again fails to cheer investors in Q3. How much more can the stock fall?
Jan 20, 2023
When will margin woes end for this market leader? Read on to find out.
Nov 16, 2022
Timeless wisdom from two decades of investing experience.