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The company has planned capex of ₹1,200 crore in FY24, ₹2,200 crore in FY25, and ₹1,800 crore in FY26. At the end of December 2023, its gross debt stood at ₹4,585 crore, and this is expected to peak at ₹5,600 crore by FY26. ....
Kaustubh Pawaskar of Sharekhan says "Grasim Paints poses a threat to smaller players in the paint industry, while Asian Paints market share remains stable. Pricing competition and distribution expansion is going to impact margins. ITC s potential acquisition of Prataap Snacks aligns with its FMCG growth strategy, leveraging distribution and manufacturing capabilities." ....
The comments come as industry players are betting high on the decorative cement business amid expectations for the sector to grow to Rs 1 lakh crore in the next five years. ....