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Lower Input Costs Are No Solace For Paint Makers In A Lost Summer
Sales of paint and waterproofing solutions generally rise in the third quarter of a financial year, peaking ahead of the monsoon.
29 Apr 2020, 04:22 PM IST
Paintmakers stare at a lost summer as the lockdown to contain the novel coronavirus hurts demand, offsetting the benefit of cheaper crude-linked raw materials.Sales of paints and waterproofing products usually rise in the first quarter of a financial year, peaking ahead of the monsoon. This April-June, companies hoped to recoup lost ground after an extended monsoon weighed down sales in October-December and demand remained subdued in...
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