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Kamdhenu Group eyes Rs 1,000 cr revenue from paints segment

Monday, 10 May 2021

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Kamdhenu Group is looking at revenue of over Rs 1,000 crore from its paints segment by FY26, 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. It has garnered revenue of Rs 226 crore from the paints segment in FY20. Kamdhenu Paints is a division of Kamdhenu Group.

Moreover, the management has decided to demerge the paints division into a separate entity and later list it on the stock exchanges.

The process of hiving-off paint business is going on and is expected to be completed within FY 2022. It has received some of the regulatory approvals and is awaiting a few more, which are expected to receive within FY22.

Kamdhenu Paints has its manufacturing plant at Chopanki in Rajasthan where it manufactures interior and exterior emulsions, stainers, colourants, designer paints, construction chemicals, waterproofing chemicals and other water-based specialty products.