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 Except certain product related schemes and turnover target schemes, all other trade schemes are withdrawn now,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