Local brands are maintaining a competitive spirit. As people prefer the cheaper brands, they also get a chance to grow in the industry. The local paint market is now a big competition for the big paint players. Thus, they have a great opportunity to make itself a top brand. On the other hand, Grasim’s quarter performance is also falling in Q2. Grasim Industries has a share price of Rs. 2,783.15 per share. Let us look at the local market’s performance below.
Grasim Paints Q2 Demand Falls
Grasim Paints Q2 demand fell over time. The quarter marks a slow growth for the company. Grasim Paints is a paint company that deals with the remanufacturing of different categories of paints through its six major plants. The company has been having a growth rate of 1.36% today. While the week had a growth rate of 3.51%. Morgan Stanley released a report recently on the Indian pain industry. It marks a subdued performance for the Grasim paints. According to the report, the whole paint industry is facing the consequences of a fall in demand in Q2.
The major players are trying to figure out ways through which they can increase their performance. The demand for Q2 has a scope in Urban markets. There have been some improvements in the paint segment over time. July and August have seen some growth. An upward movement of 2-2.5% was observed. The urban market has more opportunities for the big players. The brand names play an important role in the area. However, the rural market is not the same as the urban. Things are completely different there. The rural market demands for affordability.
Morgan Stanley points out that the local market can give tough competition to the big players in the rural market. The companies emerging on the small level can pose a threat to the sales of the big companies out there. Several companies gained today in the market. While some companies had a fall recently. In conclusion, Morgan Stanley reports points out the toughness of the rural area market.
There are a lot of manufacturers on a local scale that have a good and reliable customer base. Thus, some of these brands might grow later becoming another big giant. People prefer sustainable options as well. Rather than choosing chemicals, they choose to pay for environment-friendly paints made from naturally available sources. Stay tuned for more information on our website.