{
Indigo Paints Limited

Companies

}
001122334455554433221100
001122334455554433221100

paint companies increase hiring to combat market challenges and competition

Indian paint companies are increasing their sales team hires to capture market share amid weak growth and fierce competition. Firms like Asian Paints and Berger Paints are investing 5-15% more in staffing to target smaller retail markets, responding to a slowdown that began in Q4FY24, exacerbated by rising crude prices and declining demand in the decorative segment, particularly in rural areas. Despite these efforts, companies continue to face challenges with moderate revenue and profit growth due to rising input costs and sluggish volumes.
Moneycontrol
Kansai Nerolac Paints Limited Berger Paints India Limited Asian Paints Limited Indigo Paints Limited IND Show more
Finance & Economy, Market Report
12:30 25.11.2024

indigo paints reports steady growth but faces margin pressures in latest quarter

Indigo Paints reported a revenue of Rs 2,995 million for the quarter, marking a 7.4% YoY growth but a 3.7% QoQ decline. EBITDA fell by 1.5% YoY and 12.4% QoQ to Rs 415 million, with margins contracting due to gross margin pressure. The company maintains a target price of Rs 1,710, reflecting a 14.1% upside, and retains a 'Hold' rating on its shares.
Moneycontrol
Indigo Paints Limited IND
Finance & Economy, Market Report
10:20 13.11.2024
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