@sameernics Thanks for reply
I completely align to this. But I’m betting on the volume growth over next 10 years in india, with realestate cycle going up and one more thing for my view, when we paint the house we ask for the brand of paint which is being used by contractor, well this is stuff I see lot happening with Fevicol and everything, this is just my safe bet
Well I believe that eyeing and reaching is two different thing, surely grasim couls achieve this due to it’s reach in dealership and everything because of ultratech but I strongly believe this is not gonna be possible with the dominance which Asian Paints commands.
Yes Paint is Bread and butter for them but
- No. 1 Integrated Home Décor Player
- No. 1 in Decorative Lighting
- No. 2 in Fabric & Furnishing
- No. 1 in Wallcovering & Textures
Although these are segments which does not generate a lot of revenue or profit but they are actively foraying in different domain. Asian paints at P/E of 90-100 is not worth the money but at multiple of 50, there is not a lot fo risk and in this overheated markets (strictly my view), it’s better to find safe pockets.
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