The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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.
quarterly earnings reports reveal mixed results across various sectors
The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.
Kansai Nerolac to sell land in Lower Parel for Rs 726 crore
Kansai Nerolac is set to attract attention on October 25 following its agreement to sell a land parcel in Lower Parel to Runwal Developers for Rs 726 crore. The company's board has also scheduled a meeting on November 6, 2024, to review its unaudited financial results for the quarter and six months ending September 30, 2024.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.