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Paint biz goes off-colour, likely to see a fresh coat of downside in demand

Q3 witnessed weak volumes; valuations do not factor in risks

Topics
paints industry | Q3 results | Valuations

Ram Prasad Sahu  |  Mumbai 



Paints
Source: Adobe Stock

The paint sector has been an underperformer, with most listed majors shedding 24-30 per cent since their highs in August and September of 2022-23 (FY23). Except for AkzoNobel, paint have lagged behind benchmarks and peer indices on returns during this period.

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First Published: Mon, January 30 2023. 06:10 IST

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