Synopsis
The paint industry is highly dependent on the performance of the real estate sector, which has been sluggish for the past few years. Paint companies have entered various businesses to decrease their dependence on the realty segment. According to the FY22 annual report of Asian Paints Ltd, it is the leading paint manufacturer in India and has not fallen behind other companies when it comes to diversifying its portfolio.
Asian Paints entered the industrial coatings business in the late 1990s but it has not been able to corner a significant market in the segment. In 2013, the company entered the home improvement business. Can it make a mark in this highly competitive segment?The paint industry is highly dependent on the performance of the real estate sector, which has been sluggish for the past few years. Paint companies have entered various businesses to
BY
Gaurav Jain & Parimal Ade
ET CONTRIBUTORS
14 mins read, Last Updated:
Aug 14, 2022, 04:53 PM IST
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