Indigo Paints Q4 Review - Retains Volume Market Share: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Indigo Paints Ltd. has chalked out a strategy to get back to growth trajectory of two times of industry growth via-focussing on tier I and II cities along with tier III and IV cities,it has also identified 750 focus cities andit plans to improve output per store via engaging aggressively with influencer (painter) community. We like Indigo Paints' aggression and believe the benefits of investments will be achieved in FY22-24: ithas expanded dealer and tinting machine network by 19% and 30%, respectively, in FY22; it also opened up three new depots at Hubli, New Delhi and Himachal covering some gaps in distribution,has introduced differentiated paint for bathroom and kitchen which helps to reduce odour and plans to introduce more ‘category-creator’ products in FY23 andis also planning to roll out products through wholesale channel selectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indigo Paints Q4 Review - Retains Volume Market Share: ICICI Securities

Indigo Paints Q4 Review - Retains Volume Market Share: ICICI Securities

Choose a plan