MUMBAI: Channel checks point to consumers putting off painting their premises, a new pain point that the paint industry may have to confront.
Stocks of major paint companies such as Asian Paints Ltd and Berger Paints Ltd were down 4% and 2% respectively in Thursday's trade.
Volumes have declined considerably. A check by B&K Securities shows that after an initial spurt, offtake in green zones has weakened.
Also, given the scare of the pandemic and social distancing being the new normal, consumers will probably remain wary of allowing painters into homes for a while.