Sameer Nagpal

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.

Shalimar Paints sheds 5% on poor Dec quarter results

The company had posted a profit of Rs 4.69 crore in the same period of previous fiscal. During the period, the company's net sales fell to Rs 127.57 crore in the October-December 2013 quarter compared to Rs 129.46 crore in the same period a year ago.

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.

Mulling price hike of 3-5% in September: Shalimar Paints

The company raised prices of certain products by 2-3 percent last month, which have heavy petroleum derivatives as raw material. It plans to hike prices by 3-5 percent in another segment of products this month.

Shalimar Paints Q4 net profit falls 93% to Rs 40 lakh

For the financial year ended March 2013, Shalimar Paints posted profits of Rs 11.02 crore. For 2011-12 fiscal, it was at Rs 14.46 crore. However, its net sales in 2012-13 increased to Rs 527.36 from Rs 483.78 crore in the earlier fiscal.