Paints margins under pressure
Asian Paints has seen a sharp drop in operating profit margin from 17.14 per cent at the end of the March quarter to 16.78 per cent for the quarter ended June. The operating profit margin in the April-June quarter a year ago was 23.74 per cent.

Kansai Nerolac's operating profit margin was also at 15.79 per cent at the end of the June quarter compared with 15.97 per cent at the end of the March quarter and 19.85 per cent in the April-June quarter a year ago. Berger Paints and Akzo Nobel are yet to disclose their quarterly results.<more>

H M Bharuka appointed as director on Board of Kansai Paints
Mumbai, Jul 4 (PTI) Kansai Nerolac Paints today said its vice chairman and managing director H M Bharuka has been appointed as director on the Board of Kansai Paints, Japan.

“The selection makes Bharuka the first non-Japanese to be appointed to the Board of Kansai Paints, Japan,” the company said in a statement.
In this new role, Bharuka will contribute towards international business and strategy of Kansai Paints Group, while continuing to be the vice chairman and managing director of Kansai Nerolac Paints India. <more>

Nerolac Paints Q1 net up 11.31% at Rs 140.81 cr
The company had posted a net profit of Rs 126.50 crore in the year-ago period.

Kansai Nerolac Paints today reported 11.31 per cent growth in net profit at Rs 140.81 crore for the quarter ended June 30.

The company had posted a net profit of Rs 126.50 crore in the year-ago period.

Its total income for the period grew 10.91 per cent to Rs 1,343.93 crore from Rs 1,211.71 crore in the corresponding quarter last year, the company said in a BSE filing.<more>

What CEOs At India’s Top FMCG Companies Get Paid
KBS Anand, Asian Paints
Anand, MD and CEO at Asian Paints Ltd., earned Rs 9.7 crore, a 25 percent rise. His salary was 137 times the median pay at the company. <more>

Kolkata to get street art makeover
Kolkata: Eminent painter and Trinamul Congress MP Jogen Chowdhury will mentor a team of popular artists to beautify eight prominent locations and two trams in the city with attractive murals as part of “Kolkata Street Art Festival,” an initiative undertaken by Berger Paints to enrich, beautify and clean the city in a unique way <more>


Scientists have come up with the ultimate dream kitchen  one which is capable of self-cleaning and destroying bacteria without a hint of soap or sprays.
The researchers, from University College London (UCL), have created paints and plastics that react with anything landing on them, driving off stains, repelling water or producing micro-doses of toxic molecules to assassinate microbes.<more>

Berger Paints India Ltd to consider Q1 results on Aug 4, 2017
A Meeting of the Board of Directors of Berger Paints India Ltd will be held on Friday, 4th August, 2017 to consider and approve,the quarterly / year to date Unaudited Financial Results (with Limited Review) of the Company for the period ended on 30th June, 2017.<more>

Akzo Nobel
Activist hedge fund Elliott Advisors has filed a second lawsuit in its attempt to oust the chairman of Dutch paints group Akzo Nobel (AKZO.AS) over his rejection of a 26.3 billion-euro ($30 billion) takeover proposal from U.S. group PPG Industries (PPG.N).

Elliott Advisors makes fresh legal move against Akzo Nobel's chairman <more>

Kansai Nerolac paints a better picture in Q1
Kansai Nerolac’s double-digit volume growth helped it clock a revenue growth of 11.15% y-o-y to Rs1,320.67 crore, beating analysts’ estimate of Rs1,127.40 crore

After growing in low single-digits for the past few quarters, Kansai Nerolac Paints Ltd’s industrial coating segment posted double-digit volume growth in the June quarter.<more>

Industrial Coatings Market Projected to Cross USD 31.4 Billion by 2022 at 3.9% CAGR
Global Industrial Coatings Market Information by Types (Water Based Coatings, Powder Coatings, Solvent Based Coatings), by Application (Automotive OEMs, Marine Coatings, Protective & Maintenance Coatings, Coil Coatings, Packaging Coatings, Wood Coatings and others) and by Region - Forecast to 2022 <more>

IIT-B develops coloured nano coating for solar cells
The invention consists of a nanophotonic coating named Selectively Modulated Aesthetic Reflector Technology or SMART. An IIT Bombay said, “The beauty of this invention is, just like mixing colours or lights to make different other colours, here the inventors have succeeded in mixing nanophotonic coatings to generate different colour appearance for solar modules.” <more>

Akzo Nobel Q2 profit misses forecasts, Burgmans to resign
Akzo said its core profit in the second quarter fell 6 percent to 461 million euros, due to weak demand in various markets and higher raw material costs.

Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro ($30.63 billion) takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations and said Chairman Antony Burgmans will resign at the end of his term in April 2018.<more>

B&Q and Valspar apologise to customers after rotting-smell paint sold
Customers said it had a rotting animal smell, with some comparing it to cat urine
DIY chain B&Q has apologised to its customers after it received complaints of selling paint which gave off a rotting animal smell.
Customers complained of the rotting smell, with some comparing it to cat urine.

A Valspar statement read: "The ammonia-type odour occurs very rarely and when used on walls that are particularly porous, and where the wall is exposed to excessive heat or direct sunlight. The odour naturally wears off over time.

"We are working with B&Q to support our customers. We apologise for any inconvenience caused and ask that anyone similarly affected contact B&Q’s Customer Services. <more>