The company posted a strong performance for Q1FY16. Its consolidated net profit came in at Rs.77 crore, up 34% (YoY), purely on the back of operational efficiencies and lower crude prices also helped. Net sales rose 6% at Rs.1121 crore. EBITDA came in at Rs.149 crore, up 31% while margins expanded by a very good 250 bps to 13.3%. The company uses a derivative of crude oil to manufacture paints and due to falling crude price, raw material cost was stable at Rs.552 crore .

The company has decided to instal two factories in Assam. One of them will be a putty and distemper manufacturing facility to be put up by British Paints Division of the company and the other will be a water and solvent based paint mixing plant by Berger Division. The two units will have a joint minimum monthly capacity of 3,000 tonnes and would be at a minimum cost of Rs.60 crore each. These plants could most likely be given a tax holiday and once these plants commence production, expect only by FY17, the addition to the earnings could be good.

As at 30^th June 2015, promoters stake is at 60.49% of which Jenson & Nicolson UK holds 14.49%,  UK Paints India holds 48.59% and rest by Indian promoters. DIIs hold 2.42% and FIIs have a 9.2% stake.