Indian paint stocks slide on weak FY25 demand expectations

Berger Paints India

06/11/2025 06:16

Corrects headline to drop reference to stock movement and add Nomura; drops reference to stock movement in first bullet; corrects Berger's stock move direction in third bullet

** Nomura says India's paint stocks are set to recover after  moderation due to weak demand in fiscal year 2025

** Brokerage says price moderation since Jan 2024 driven by the fear of Birla Opus' market disruption

** Shares of Berger Paints BRGR.NS up 1.9% after co posts surprise Q2 profit drop of 23.5% y/y, rev up 2%

** Ambit says BRGR's Oct sales were weak, volumes would improve Nov onwards; Expect 2H FY26 to trend better than the first half

** Shares of Grasim Industries GRAS.NS decline 5.5% after paint unit Birla Opus' chief resigns to join Britannia BRIT.NS

** The Paints CEO's surprise exit was notable as his role in scaling amid competition may weigh on near-term sentiment- Jefferies

** Asian Paints ASPN.NS rise 4.8% after gaining higher weightage in MSCI's Global Standard Indexes as part of its quarterly review effective Nov 24

** YTD, BRGR, ASPN and GRAS up 22.7%, 14% and 11.8% respectively

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))