Grasim enters paints business

Grasim Industries, the flagship company of the Aditya Birla Group, on Friday announced its entry into the paints business, with a capital expenditure of Rs 5,000 crore over the next three years. The domestic paints business is dominated by three companies — Asian Paints, Kansai Nerolac and Berger Paints. Continue Reading

Berger Paints Q1 profit up 31.7%

Its revenue from operations during the quarter rose 15.93 per cent to Rs 1,738.41 crore from Rs 1,499.44 crore in the corresponding quarter of the previous fiscal. Berger Paints’ total expenses rose 13.28 per cent to Rs 1,467.48 crore from Rs 1,295.38 crore in the year-ago period. Continue Reading