Paints

    Birla's paints unit said to have filed antitrust case against Asian Paints

    Aditya Birla Group's paints business, Birla Opus, has accused Asian Paints of abusing its market dominance. Birla Opus filed an antitrust complaint with the Competition Commission of India. They allege Asian Paints pressured retailers to avoid stocking Birla products. Asian Paints denies any anti-competitive behavior. The CCI is reviewing the complaint.

    Asian Paints Share Price 2218.90-29.00 (-1.30%)
    JSW poised to acquire Akzo Nobel India for $1.1 billion

    JSW Paints is poised to acquire Akzo Nobel India, valuing Akzo Nobel NV’s stake at approximately Rs 9,000 crore. This acquisition will position JSW Paints as a significant player in both the decorative and industrial paints sectors in India. The deal, expected to finalize by mid-June, involves an open offer for an additional 26% of the company's shares.

    Akzo Nobel India Share Price 3226.90-36.80 (-1.13%)
    Birla Opus becomes second-largest decorative paints player in India by capacity

    Grasim Industries' Birla Opus has rapidly ascended to the second position in India's decorative paints industry by installed capacity, reaching 1,096 MLPA. Fueled by the launch of its Mahad plant and with a new facility in Kharagpur on the horizon, Birla Opus is challenging market leader Asian Paints.

    JSW Paints set to add lustre with Akzo India buy

    JSW Paints is set to acquire Akzo Nobel India, surpassing a rival bid. An exclusivity agreement has been signed for final negotiations. This acquisition will significantly boost JSW's market position. It will potentially lead to an IPO. The deal involves a reverse merger and funding from various financial institutions. The promoters will also infuse equity.

    Reliance looks for $1.3-billion gloss finish to its exit from Asian Paints

    Reliance Industries is considering selling its 4.9% stake in Asian Paints, a 17-year-old investment, amid increasing competition and margin pressures in the Indian paints market. The sale, managed by Bank of America, could fetch ₹11,141 crore, representing a significant return on Reliance's initial investment. However, the deal hinges on securing bids within the desired price range.

    Reliance Industries Share Price 1438.50-10.30 (-0.72%)
    Birla's big paints bet rattles Asian Paints' India reign

    Asian Paints, India's leading paint manufacturer, is facing increased competition. Grasim Industries, led by Kumar Mangalam Birla, has gained significant market share in its first year. Asian Paints' market share declined to 52%. Grasim's Birla Opus now holds 6.8% of the market. This intense competition has impacted Asian Paints' profits.

    Grasim Industries Share Price 2708.0099.50 (3.82%)
    Rivals dent Asian Paints' FY25 net to 20-year low

    Asian Paints experienced a significant 33% drop in net profit, marking its worst performance in over two decades due to weakened demand and increased competition, particularly from the entry of Aditya Birla Group's Birla Opus. The company's Pbdit margin also declined by 360 basis points.

    Asian Paints Share Price 2218.90-29.00 (-1.30%)
    Asian Paints under pressure: Will the market leader regain its shine in 2025?

    Asian Paints, the market leader in India's decorative paints sector, faces stiff competition from Aditya Birla Group's Birla Opus, impacting its market share and profitability. Birla Opus's aggressive pricing and expansion strategies have led to a significant stock slide for Asian Paints.

    Dulux Duel: JSW Paints, Advent-Indigo in race to acquire Akzo India

    JSW Paints and a consortium of Advent International and Indigo Paints are vying to acquire Akzo Nobel India, the owner of Dulux Paints, as Akzo Nobel NV seeks to exit the Indian market amidst intense competition. Pidilite Industries is also interested, primarily in Akzo's decorative business.

    Can tap into sunrise sectors via partnerships, says Pidilite MD Sudhanshu Vats

    Pidilite's success is driven by creating new product categories and expanding core businesses. MD Bharat Puri emphasizes innovation, while incoming MD Sudhanshu Vats plans to accelerate digital transformation. The company will continue exploring strategic partnerships and focusing on organic growth. Pidilite's revenue and profit have shown significant growth, and international expansion in similar markets is underway.

    Must Watch

    Asian Paints completes divestment of Indonesian operations

    Asian Paints completes divestment of Indonesian operations

    Asian Paints Ltd completed the divestment of its Indonesian operations to a Singapore-based subsidiary of Omega Property Investments for SGD 6.8 million (Rs 44 crore). The divestment involves the sale of Asian Paints' stake in PT Asian Paints Indonesia and PT Asian Paints Color Indonesia. This move follows a strategic review due to underperformance in the Indonesian market.

    Asian Paints Share Price 2218.90-29.00 (-1.30%)
    Birla Opus to expand portfolio, sales network; expects high singe digit growth in FY26

    Birla Opus to expand portfolio, sales network; expects high singe digit growth in FY26

    Birla Opus has shown high single-digit growth in FY25, driven by expanding its dealer network and product range. The company plans to sustain this momentum by increasing throughput for dealers and launching new paint studios, aiming for a double-digit market share within three years.

    Akzo India to sell powder coating business for Rs 2,073 cr

    Akzo India to sell powder coating business for Rs 2,073 cr

    Akzo Nobel India received a binding offer from its parent company to acquire its powder coatings business and international research centre for a total of ₹2,143 crore. Additionally, the parent company will sell intellectual property rights of its decorative paints business in several countries to Akzo Nobel India for ₹1,152 crore.

    Race for Akzo Nobel's India business heats up as Blackstone, other PE firms join race

    Race for Akzo Nobel's India business heats up as Blackstone, other PE firms join race

    The competition to acquire Akzo Nobel NV's India business has intensified with the entry of global investment firm Blackstone alongside other PE funds like Warburg Pincus and Carlyle Group. Rivals JSW Paints and Pidilite Industries are also interested, while Aditya Birla Group and Berger Paints have opted out.

    Asian Paints to exit Indonesia in nearly $6 million deal

    Asian Paints to exit Indonesia in nearly $6 million deal

    India's Asian Paints will sell its Indonesian business to Australia's Omega Property Investments for S$7.5 million due to growth challenges. Despite strategic efforts over the last nine years, the Indonesian operations remained sub-scale and contributed only 0.24% to the company's consolidated revenue.

    Asian Paints Share Price 2218.90-29.00 (-1.30%)
    Demand flat in paints business, but not worrisome: Birla Opus CEO Rakshit Hargave

    Demand flat in paints business, but not worrisome: Birla Opus CEO Rakshit Hargave

    Birla Opus CEO Rakshit Hargave stated that the paint market is not as negative as some competitors have indicated. He noted the market is flat or slightly declining, but Birla Opus has gained market share. Hargave aims for continued growth and reaching a network of 50,000 dealers by the end of the year.

    Grasim Industries Share Price 2708.0099.50 (3.82%)
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