Top 7 Companies in India by Net Profit from Paints Sector (Feb 2024 update)

Over the past 20 years, the Indian paint industry has experienced extraordinary growth, routinely reaching double-digit figures. With a valuation of more than INR 62,000 Crore, it currently holds the distinction of being the paint market with the fastest rate of growth in the world. With roughly 3,000 paint factories, almost all of the world’s leading paint manufacturers are now present in India. The leading paint manufacturers in India are a combination of national and foreign businesses. By 2022, the Indian paint and coatings market is predicted to grow at a compound annual growth rate (CAGR) of more than 7%, reaching a projected value of USD 7,645 million by the end of 2027.

List of Top 7 Paints in India (BSE) based on Net Profit.

Company Name Net Profit (Rs. cr)
Asian Paints 4,100.18
Berger Paints 828.39
Kansai Nerolac 486.43
Akzo Nobel 335.1
Indigo Paints 131.94
Sirca Paints 46.11
Retina Paints 0.3
Source: BSE, India, last updated 17 February, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

1. Gandhi, K. (2018). Research paper on fundamental analysis of Indian paint industry. ISOR Journal of Business and Management22(2), 74-86.
2. Vijayakumar, A., & Krishnaveni, M. (2005). Total Factor Productivity in India: Evidence from Indian Paints Industries. Management and Labour Studies30(2), 150-161.
3. Desai, D. (2011). A Study of Emerging Trends & Challenges in Paints & Coatings Industry in India.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.
Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

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