Kamdhenu eyes Rs 1,000-crore revenue from paints section in next 5 years: CMD
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Last Updated: May 09, 2021, 12:16 PM IST
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The paint industry in India is witnessing an annual growth of around 18-20 per cent, he said. Agarwal further said for better functioning of the segment, the management has decided to demerge the paints division into a separate entity and later list it on the stock exchanges.
PTI
Building materials maker Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects. The company is also in the process of hiving off its paints business into a separate entity, Satish Kumar Agarwal, Chairman and Managing Director (CMD), Kamdhenu Group, said. As per available figures provided by the company, Kamdhenu had garnered a revenue of Rs 226 crore from the paints segment in FY 2019-20. "Kamdhenu Paints is a division of Kamdhenu Group. We are aiming to achieve revenue of over Rs 1,000 crore by FY26 from our paints segment, citing the rising market share of organised players," the CMD told . The paint industry in India is witnessing an annual growth of around 18-20 per cent, he said. Agarwal further said for better functioning of the segment, the management has decided to demerge the paints division into a separate entity and later list it on the stock exchanges.