Asian Paints is expecting single-digit volume and value growth in the near-term amid a muted demand environment.
Asian Paints CEO Amit Syngle shared that the intensity of competition has gone up, especially as demand has taken a hit in the quarter gone by.
AkzoNobel the Dutch paints company that makes Dulux brand of premium home paints is slowly expanding focus on mass product segments to compete with giants like Asian Paints. However, the global CEO of the company, Thierry Vanlancker, says the company will not go wild with expansion.
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
In an interview to CNBC-TV18, Rajesh Agrawal, CFO of Gulshan Polyols spoke about the latest happenings in the company and his outlook going ahead.
Hindustan Tin Works has gained about 25 percent in the last 3 months. It's a 58 year old company. In an interview to CNBC-TV18, Sanjay Bhatia, MD of the company spoke about the latest happenings in the company and his outlook going ahead.
As the economy gears up for the goods and services tax (GST), the sector on our radar today is paints. In an interview to CNBC-TV18, KBS Anand, MD & CEO of Asian Paints spoke about how they are preparing for the GST.
The Mysuru Plant of 300,000 KL per annum should come on stream by October 2018, said KBS Anand, MD & CEO, Asian Paints.
According to Asian Paints CEO KBS Anand, Goods won't create a disruption which will last for more than a quarter. He added that GST will enable the organised sector to perform better depending upon tax rates on paints.
Speaking to CNBC-TV18's Latha Venkatesh at the biannual conference, Varnam, held in Bengaluru, paint sector head honchos said they are all expecting Union Budget 2017 to boost affordable housing and help them recover all the ground lost on account of demonetisation.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
To find out what lies behind the seven decades of continued excellence at Asian Paints, watch Jalaj Dani's interview with Latha Venkatesh on CNBC-TV18.
In an interview to CNBC-TV18, Surender Bhatia, MD of Shalimar Paints said that the promoters neither have any plans to divest or sell stake in the company nor are in talks for any acquisitions or take-overs.
KBS Anand, MD and CEO, Asian Paints, is confident that demand for paints will surge if gross domestic product (GDP) grows.
KBS Anand, MD & CEO of company, says price cut is on back of low commodity prices.
The consumer demand picture for 2016 does not look to be far different from 2015, said KBS Anand, MD & CEO, Asian Paints.
Abhijit Roy, MD & CEO of Berger Paints, says volume growth this quarter has been much higher than value growth.
Sajjan Jindal, Chairman & MD, JSW Steel says with iron-ore and mining ordinances, it has become very clear that now it will be through the auction route, through a transparent route. So, I think over the next two years, all these large projects which are mineral based will get sorted out.
Sameer Nagpal, MD & CEO, Shalimar Paints said in the third quarter most paint companies had seen an impact on profitability due to higher commodity or raw material prices. That impact is being passed on to consumers through the price increase
Rural demand is witnessing a bit of slippage after many years, partly because of monsoon related worries and partly because of the general economic slowdown in the country.