With growing demand from construction and home décor industries, the Indian paint market is booming. Explore the top paint stocks by market cap driving this colourful revolution.
India’s paint industry, valued at $9.56 billion, is projected to grow at a CAGR of 9.38%, reaching $15 billion by 2029. Decorative paints hold 69% of the market, while industrial paints contribute 31%. Source – The Economic Times
Market Cap: ₹2,29,142.76 Crore Headquartered in Mumbai, Asian Paints is India’s leading decorative paint manufacturer. Known for iconic products like Royale and Apex, it sets benchmarks in innovation and quality. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹55,650.85 Crore Berger Paints, based in Kolkata, stands out for its weatherproof and interior paint solutions. Its global reach and unique products like Silk Glamour make it a preferred choice. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹21,285.33 Crore Kansai Nerolac, headquartered in Mumbai, is a leader in industrial paints. Known for eco-friendly innovations, it supports sectors like automotive and infrastructure. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹16,306.62 Crore Famous for its Dulux brand, Akzo Nobel brings Dutch quality to Indian homes. With sustainable paint solutions, the company excels in premium decorative paints. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹6,956.71 Crore Based in Pune, Indigo Paints is a rising star, known for its innovative products like metallic paints. Its aggressive marketing makes it a favorite among new-age buyers. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹1,821.30 Crore Sirca Paints, headquartered in Delhi, specializes in premium wood coatings and Italian paint finishes, catering to high-end home decor needs. Data as of 10th December 2024. Source – NSE.
– India’s paint industry is poised for exponential growth, with a projected value of $15 billion by 2029. – Companies like Asian Paints and Berger Paints lead innovation and market share. – Backed by urbanization and infrastructure projects, this sector offers significant investment opportunities. Source – NSE