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    • Promoters have no plans to divest or sell stake: Shalimar Paints

      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.

    • Eye 12% growth in H2, 4 launches in Q3: Shalimar Paints

      Sameer Nagpal, managing director, says the company is looking to launch atleast four new products in Q3 and a new product per quarter after that.

    • Hiked prices by 2-3% on rising input costs: Shalimar Paints

      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

    • To focus on high margin products: Shalimar Paints

      Going forward not only are they speeding up the transition process but are also focused on looking at geographies that would give higher margins in the coming quarters, said Sameer Nagpal, MD & CEO, Shalimar Paints.

    • Benefit of price hikes may come in by Q3: Shalimar Paints

      The company has strong presence in Tier II and Tier III cities and it is getting bulk of its growth from that region.

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