Ambitious targets for the paint business

23 Feb 2024
5 Min read 
  • Grasim Industries has inaugurated paint plants at three locations and is constructing three more plants.
  •  The company aims to achieve a turnover of INR 100 billion in the next three years and become profitable.
  •  Grasim has a wide range of products and a strong distribution network in place for its paint business.
  •  The per capita consumption of paints in India is low, indicating potential for growth.
  •  The company's CMP does not fully capture the value of its paint business.
  •  Retain BUY rating with a target price of INR 2,670.
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