Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 07, 2021

Paint Sector Check - Immune From Inflation, Competition: IDBI Capital

Paint Sector Check - Immune From Inflation, Competition: IDBI Capital
A worker paints the surface of a basket boat. (Photographer: Maika Elan/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

We are bullish on paint sector despite-

  1. worst inflation that the industry faced since last four decades,

  2. new players announcing aggressive capex,

  3. valuation concerns due to rally in stock price.

In this report, we present our observations on paint sector by studying data of last 26 years. Broadly, we expect paint sector to drive outperformance in revenue growth led by penetration, market share gains and new categories (waterproofing, adhesives etc).

We expect gross margin and valuation multiples to sustain driven by pricing-power and fast growth opportunities.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search