Shares of Kamdhenu Ventures have delivered a return of 108 per cent since listing on the stock exchanges. The company has a market capitalisation of Rs 1,232 crore. Shares of Kamdhenu were listed on NSE and BSE in January this year after a demerger from the parent company Kamdhenu Limited last year.

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Meanwhile, the paint maker Kamdhenu Ventures has announced that global investment fund Saint Capital has picked up 3.5 lakh equity shares at an average price of Rs 196 in a bulk deal.

The company has recently reported a net consolidated profit of Rs 2.15 crore in the April-June quarter of the financial year 2023-24 as against a net loss of Rs 1.2 crores in the corresponding quarter of the previous financial year. The revenue in the June quarter jumped 13 per cent year-on-year (YoY) to Rs 62 crore.

"The better product mix, reduction in raw material prices and improved efficiencies drove the income in the quarter," Saurabh Agarwal, MD, said.

The company also raised funds to the tune of Rs 65.25 crores in the quarter. It will be utilized to reduce the working capital debt of the paint business and ultimately help in improving profitability.

Kamdhenu Ventures company issued bonus shares to its investors in June. Its shares traded ex-date on August 1 for allotment of bonus shares.

The escalating need for paints has resulted in a fiercely competitive market. Companies are employing diverse tactics to expand their market presence to meet the demand.

Notably, the paint industry has increasingly focused on eco-friendly and sustainable offerings, witnessing a surge in the demand for premium and superior-quality paints.

Moreover, there is a growing inclination towards decorative and textured paints, all of which will play pivotal roles in shaping the future landscape of the Indian Paint Industry.