Takeaways From ICICI Securities’ Conversations With Paint Dealers In Mumbai
Paint used to color zipper sliders sits on a table during production. (Photographer: Meg Roussos/Bloomberg)

Takeaways From ICICI Securities’ Conversations With Paint Dealers In Mumbai

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ICICI Securities Report

There is reduction in trade scheme as there is material improvement in demand for decorative products (paints) - that's the insight from our conversation with dealers in Mumbai. They told us -

1. Except certain product related schemes and turnover target schemes, all other trade schemes are withdrawn now,

2. dealers are carrying higher inventory than pre-Covid-19 era as they believe disruptions (lockdowns, night curfew etc.) are here to stay for some more period,

3. there is strong recovery in projects business with improving real estate demand.

Click on the attachment to read the full report:

ICICI Securities Worms World View Consumer Staple and Discretionary- Paint dealers.pdf

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