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Key Takeaways from Asian Paints Annual Report
Indian Paint industry projected to reach a market size of Rs. One lakh Crores within the next five years. According to MD and CEO- Amit Syngle, the company is seeing a a certain maturity and some normalisation in growth rates from COVID times. On competition from new entrants, he stated that there is enough space for companies to co-exist and bring more innovation in the paint industry. Double-digit volume of 14.1% and value growth of 20% witnessed in FY 2022-23. Demand in both – the urban as well as the rural markets picked up towards the end of FY23.
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