In a recent interview, renowned investment expert Sandip Sabharwal shared his perspective on the current state of the paint industry. According to him, the industry is not a viable investment option due to various reasons. Sabharwal pointed out that the demand for paints is closely tied to the real estate sector, which has been under immense pressure in recent times. The economic slowdown, combined with the liquidity crunch, has adversely affected the real estate market, leading to a decrease in the demand for paints. Additionally, the paint industry is also grappling with rising raw material costs, which further add to the financial woes. However, Sabharwal did mention that ABB, a leading player in the paint industry, seems to be an exception, with strong performance and promising future prospects. He believed that ABB’s focus on industrial coatings and innovative products has helped them maintain a steady growth trajectory amidst the challenging environment. In conclusion, Sabharwal advised investors to exercise caution before considering investments in the paint industry due to the prevailing market conditions.
