Indigo Paints

** Shares of Indian paint makers slip between 0.3% and 3.6%

** Indigo Paints INDG.NS falls 3.6% and Asian Paints ASPN.NS down 2.2%

** Kansai Nerolac Paints KANE.NS, JSW Dulux JSWD.NS, and Berger Paints BRGR.NS fall 1.3%, 0.8%, and 0.3%, respectively

** A major part of paint production costs stem from crude oil-based raw materials

** Oil prices rose after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again

** Brent Crude futures LCOc1 climb 2.7% to $76.16 as of 10:03 a.m. IST

(Reporting by Vijay Malkar)

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** Shares of Indian paint makers up between 0.6% and 2.1%, as prices of crude oil, a key raw material, fall

** Indigo Paints INDG.NS leads pack; up 2.2% at 1,017 rupees; followed by Berger Paints India BRGR.NS up 2% at 525.6 rupees

** Grasim GRAS.NS up 1.3% at 3,145 rupees, while Asian Paints ASPN.NS up 0.2% at 2,753 rupees and Kansai Nerolac Paints KANE.NS up 0.3% at 217 rupees

** Oil prices fall after U.S. and Iran agree on a framework to end the war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz

** Brent crude futures LCOc1 last down 4.3% to $83.61

** YTD, INDG down 11.4%, BRGR down 2.1%, GRAS up 11.2%, ASPN down 0.7%, and KANE down 8.6%

(Reporting by Mridula Kumar in Bengaluru)

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May 22 (Reuters) - Indigo Paints Ltd INDG.NS:

• INDIGO PAINTS LTD - DIVIDEND 5 RUPEES PER SHARE

• INDIGO PAINTS MARCH-QUARTER CONSOL NET PROFIT 576.7 MILLION RUPEES

• INDIGO PAINTS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.25 BILLION RUPEES

Source text: ID:nBSE4S3vXQ

Further company coverage: INDG.NS

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** Shares of major Indian paint makers rise between 1.4% and 6.5%

** Asian Paints ASPN.NS rises 5.1%, Berger Paints India BRGR.NS up 3.1%, Kansai Nerolac Paints KANE.NS climbs 5.2%, Akzo Nobel India AKZO.NS up 1.2%, and Indigo Paints INDG.NS rises 6.4%

** Benchmark Brent crude LCOc1 falls below $100/barrel after the U.S. announces a two-week ceasefire with Iran that was subject to immediate reopening of the Strait of Hormuz O/R

** Falling crude prices are a positive for paint makers which count the commodity as a major raw material

** ASPN and BRGR almost fully recoups losses ever since the Iran war started, hitting their highest level in over one month

** KANE and INDG touches their highest in almost a month

** All five paint makers collectively lost ~65% in March, as escalating conflict in the Middle East and supply disruption concerns triggered wild swings in oil prices

** India stock benchmark Nifty 50 .NSEI jumps 3.3% to its highest since March 11

(Reporting by Pranav Kashyap in Bengaluru)

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Feb 13 (Reuters) - Indigo Paints Ltd INDG.NS:

• INDIGO PAINTS- CONSTRUCTION OF MANUFACTURING FACILITIES IN RAJASTHAN WITH INVESTMENT REQUIREMENT OF 150 MILLION RUPEES

Source text: ID:nNSE78jyV0

Further company coverage: INDG.NS

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** Shares of Akzo Nobel India Ltd AKZO.NS jump 6.4% to 3,639.20 rupees

** Berger Paints BRGR.NS looking to acquire Akzo Nobel's 74.6% stake in Indian unit, CNBC-TV18 reports, citing sources

** Stock was up 1.8% before the news

** JSW Paints, Indigo Paints INDG.NS also eyeing stake - CNBC-TV18

** Report comes a day after AKZO said its Dutch parent requested co to explore sale of some businesses

** Companies mentioned did not immediately respond to mailed requests for comment

** Shares of BRGR and INDG up 0.9% and 1.5%, respectively; AKZO's Amsterdam-listed parent Akzo Nobel NV AKZO.AS rises 0.9%

** AKZO's market valuation is 164.25 billion rupees ($1.9 billion) while BRGR's is 3x

** Analysts on avg rate AKZO, INDG "buy", BRGR "hold" - data compiled by LSEG

** AKZO is down 5% since first reports in October of interest in co

($1 = 85.6830 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of paint makers - Asian Paints ASPN.NS, Kansai Nerolac KANE.NS, and Berger Paints India BRGR.NS rise between 1%-2.2%

** Oil prices slid 3% after a report said Israel is not willing to strike Iranian oil targets, easing fears of a supply disruption O/R

** Fall in oil prices benefits paint makers, who count crude as a major raw material, as it will bring down total costs

** Shares of ASPN up 1.3% and is among top gainers on the Nifty 50 index .NSEI, which is up 0.22%

** ASPN down ~10% so far this year vs a 12% and 4% fall in KANE and BRGR, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Asian Paints ASPN.NS gain 2.2%, Berger Paints India BRGR.NS rise 2.3%

** Smaller peer Kansai Nerolac KANE.NS up 1%, while Akzo Nobel India AKZO.NS is flat

** Brent crude futures LCOc1 fell below $70 for the first time in three years before recovering to $70.3 levels O/R

** Crude prices make up for roughly one-third of paintmakers' spends; dip in crude will pull down total costs

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Indigo Paints Ltd INDG.NS fall as much as 4.3% to 1,410 rupees

** Paint maker reported 15.4% fall in its Q1 net profit to 264.6 mln rupees

** Co adds, profitability impacted by industry wide price cut & higher employee cost

** Rev from ops rose 6.1% y/y and expenses rose 10.1% y/y

** Stock on track to lose for a second time this week, after rising last session

** More than 70,000 shares traded as of 10:02 a.m. IST, vs their 30-day moving avg of 144,072 shares

** Mean rating of 6 analysts on the stock is "HOLD"; their median PT is 1,565 rupees - LSEG data

** INDG last down 1.6%, adding to YTD losses of ~2.6% so far

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Asian Paints ASPN.NS up 2.2% on track for its best day in a month

** Stock is top pct gainer on Nifty 50 .NSEI which is down 0.9%

** Co hiked prices of its products across its portfolio by 0.7%-1% to offset rising input costs, CNBC-TV18 reports

** ASPN did not immediately respond to Reuters' request for comment

** Peers Kansai Nerolac KANE.NS, Indigo Paints INDG.NS, Berger Paints BRGR.NS up between 1.2% and 3.9%; Akzo Nobel India AKZO.NS down 0.1%

** Analysts on avg have a 'hold' rating on Asian Paints, Nerolac, Akzo Nobel and Indigo Paints INDG.NS; Berger rated 'sell' -LSEG data

** Nerolac's 17% slide YTD is most, followed by Berger (14%), Asian Paints (13%) and Indigo Paints (3.7%)

** AKZO only paint-maker to post YTD growth, up ~11%

(Reporting by Varun Vyas in Bengaluru)

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May 22 (Reuters) - Indigo Paints Ltd INDG.NS:

• INDIGO PAINTS LTD - DIVIDEND OF 3.5 RUPEES PER SHARE

• INDIGO PAINTS LTD MARCH-QUARTER CONSOL NET PROFIT 536.8 MILLION RUPEES VERSUS 486.8 MILLION RUPEES

• INDIGO PAINTS LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.85 BILLION RUPEES VERSUS 3.25 BILLION RUPEES

Source text for Eikon: ID:nBSE4Tw7yc

Further company coverage: INDG.NS

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** Asian Paints ASPN.NS edges 0.2% lower ahead of Q4 report

** Analysts expect ASPN to report 9.6% increase in Q4 profit, 3.8% rise in revenue -LSEG data

** Ambit Capital expects vol growth to slow to 6% from 14% year-ago on soft demand but expects price cuts to generate effective rev growth

** Jefferies sees gross margins to be flattish q-o-q, but expanding y-o-y on lower raw material prices

** Centrum says post-festival season demand remains sluggish yet picked up in Feb/March on demand for exterior paints, launch of new products, strong traction in damp-proof segment

** Analysts' avg rating on ASPN is "hold" -LSEG data

** Kansai Nerolac KANE.NS, Indigo Paints INDG.NS, Akzo Nobel AKZO.NS also 'hold's; Berger Paints BRGR.NS a 'sell'

** ASPN down 16.5% YTD vs Nifty 50's .NSEI 2.4% rise

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Analysts at Morgan Stanley say paints business launched by Grasim Industries GRAS.NS in Feb will have 5-6% cheaper product pricing than Asian Paints ASPN.NS, which currently controls nearly half of India's paints market

** With Grasim's entry into the paints business, dealers indicate ASPN has intensified servicing - MS note

** Separately, demand trends for paint companies is similar across urban and rural dealers in Q4; better demand seen in southern markets - brokerage

** Adds 3-5% price cuts have been taken across brands and products in Q4

** GRAS has gained 4.5% so far this year while ASPN is down ~16% YTD

** Peers Kansai Nerolac Paints KANE.NS, Berger Paints India BRGR.NS and Indigo Paints INDG.NS have lost ~19%, ~7% and 11%, respectively, YTD

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Asian Paints ASPN.NS up 2.4% at 2,894 rupees

** Rise after ASPN says unit entered into agreements with Gujarat Chemical Port to set up ethylene storage and handling facility in Dahej, Gujarat

** Stock set to rise for the week, if gains hold, after two straight weekly losses

** Avg analyst rating on ASPN, Kansai Nerolac KANE.NS, Indigo Paints INDG.NS and Akzo Nobel India AKZO.NS is 'hold', while Berger Paints BRGR.NS is rated 'sell' - LSEG data

** ASPN down 15.4% YTD vs Nifty 50 .NSEI index's 3.5% rise

** BRGR, AKZO, INDG and KANE declined between 4% and 15% YTD

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Commencement of Grasim's GRAS.NS paint business and co's "massive" paint capacity addition could challenge Indian paint oligopoly and reflect in market share - Jefferies

** Magnitude of GRAS investment will likely push the entrant to adopt an aggressive stance, including steps like higher discounts and promotions - Jefferies

** Brokerage adds, aggressive moves by GRAS could impact industry's profitability in medium term

** Expects market leader Asian Paints' ASPN.NS rev slowdown irrespective of GRAS foray as product mix deterioration would impact ASPN's vol growth

** Ad spends should also see an increase as competition picks up - Jefferies

** Shares of paint-makers ASPN, Kansai Nerolac KANE.NS, Akzo Nobel India AKZO.NS, Indigo Paints INDG.NS, Berger Paints BRGR.NS down between 0.2% and 2.2%, GRAS down 2.3%

** Analysts' avg rating on GRAS is "buy", paint cos at "hold"; BRGR only sell-rated stock among major paint cos - LSEG data

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Indigo Paints INDG.NS rise 3.7% to 1,512.55 rupees

** Brokerage Investec upgraded rating on the paintmaker to 'hold' from 'sell'

** While Indigo Paints, like other peers, would be impacted by stiff competition, recent initiatives (expanding to tier I, II towns, foray into waterproofing) should help it grow faster than peers - Investec

** Four analysts raised PT on the 'hold'-rated stock since it reported Q3 profit jump - LSEG

** Berger Paints BRGR.NS now the only sell-rated stock among major paint makers, while Asian Paints ASPN.NS, Akzo Nobel India AKZO.NS and Kansai Nerolac KANE.NS rated 'hold' - LSEG

** Among paint stocks, BRGR and AKZO have risen more than INDG's 14% climb in 2023

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Indigo Paints INDG.NS rise 3.6% to 1,472 rupees

** Paint maker on Friday reports nearly 42% surge in Q3 consolidated net profit, rev from ops up ~26% Y/Y

** Co's EBITDA margin expands to 17.59% from 14.42% year ago

** More than 411,000 shares change hands, 3.9x its 30-day avg

** 6 analysts covering the stock on avg have a "hold" rating; median PT is 1,550 rupees - LSEG data

($1 = 83.0050 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Indian paint maker Asian Paints ASPN.NS down 0.5% to 3,282.05 rupees ahead of Q3 results

** Benchmark Nifty 50 index .NSEI, which ASPN is a part of, sheds 1.2%

** Analysts, on avg, expect ASPN's profit to rise ~31% and rev to grow ~8%, per LSEG, vs 54% rise in Q2 profit and 0.3% rev growth

** Contrary to expectations of a recovery during the festival and marriage seasons, demand for paints remained weak in Q3 - Elara Capital

** Gross margins to expand 50 bps QoQ and sharply YoY in Q3 on softer raw material costs, driving 40% EBITDA growth - Jefferies

** ASPN first to report Q3 results among major Indian paint companies

** Analysts' avg rating on ASPN, peers Kansai Nerolac KANE.NS and Indigo Paints INDG.NS at "hold"; Berger Paints BRGR.NS only sell-rated stock among major paint companies

** ASPN's 10% rise in 2023 lowest among Indian paint stocks; BRGR's ~25% climb the highest

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of paint makers Asian Paints ASPN.NS, Berger Paints BRGR.NS, Kansai Nerolac KANE.NS, and Indigo Paints INDG.NS up between 1.5% and 4%

** Crude oil prices fell 5% on Thursday to four-month low; oil prices on track for fourth straight week of decline

** Crude oil accounts for about 30% of paint cos' raw material costs

** ASPN and KANE on track to rise for third and fifth straight sessions respectively, if trend holds

** ASPN, BRGR, KANE, and INDG all up between 4% and 21.2% YTD

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of Indigo Paints INDG.NS down as much as 3.7% to 1,410.05 rupees

** INDG reports a near 32% fall in Sept-qtr profit to 253.4 mln rupees ($3.05 million)

** Total expenses up 14.3%, with input costs rising 4.1%

** More than 1 mln shares traded by 12:58 p.m. IST, 1.7x the 30-day avg

** Stock currently down 2.4%, trimming YTD gains to 9.7%

($1 = 83.2000 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Indian paintmakers Kansai Nerolac KANE.NS, Asian Paints ASPN.NS, Indigo Paints INDG.NS, Berger Paints BRGR.NS and Akzo Nobel AKZO.NS fall between 1% to 4.1% on Thursday

** Oil prices surged 3% on Wednesday to a 2023-high after a steep drop in U.S. crude stocks compounded supply worries

** Higher oil prices hurt paint producing companies as oil is a major raw material

** Shares of ASPN fell as much as 4.2%, while BRGR dropped 3.6%

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Sept 18 (Reuters) - Indigo Paints Ltd INDG.NS:

• CO'S MANUFACTURING FACILITY AT PUDUKKOTTAI, TAMIL NADU COMMENCED ITS COMMERCIAL PRODUCTION ON SEPTEMBER 18

• MANUFACTURING FACILITY HAS CAPACITY TO PRODUCE OVER 50,000 KL PER ANNUM OF WATER-BASED PAINT PRODUCTS

Source text for Eikon: ID:nBSE8v41Ds

Further company coverage: INDG.NS

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June 20 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks.

AEROPORT DE PARIS ADP.PA

French airport group ADP on Monday reported a group traffic for May at 29 million passengers.

AIRBUS AIR.PA

Europe's Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo INDG.NS on the opening day of the Paris Airshow.

JCDECAUX JCDX.PA

The French outdoor advertising company won on Monday the largest OOH/DOOH advertising contract in Norway with Oslo Sporveien.

NEOEN NEOEN.PA

Neoen won on Monday 197 MW contract for Western Australia's SWIS.

The company also raised on Monday its 2025 adjusted EBITDA guidance.

RENAULT RENA.PA

The French carmaker Renault appointed on Monday its group chief executive Luca de Meo as the future chairman and CEO of Ampere.

The company also named chief operating officer and CFO for Ampere.

SAFRAN SAF.PA

French high-technology company Safran signed an agreement on Monday with Vietjet to equip up to 24,000 economy class seats Z200 of the new fleet of Vietjet.

SOCIETE GENERALE SOGN.PA

French bank Societe Generale said on Monday it had picked former Citigroup C.N executive Vincent Mischler as its Chief Strategy Officer.

SPIE SPIE.PA

The French company on Monday announced an agreement to acquire Enterprise Communications & Services.

CASINO CASP.PA

Brazilian retailer GPA PCAR3.SA reached a deal to sell and leaseback 11 of its supermarket stores to an unnamed private fund for 330 million reais ($69 million), the company announced in a securities filing on Monday.

Pan-European market data:

European Equities speed guide...................EUR/EQUITY

FTSE Eurotop 300 index...............................FTEU3

DJ STOXX index.......................................STOXX

Top 10 STOXX sectors............................PGL.STOXXS

Top 10 EUROSTOXX sectors.......................PGL.STOXXES

Top 10 Eurotop 300 sectors......................PGL.FTEU3S

Top 25 European pct gainers........................PG.PEUR

Top 25 European pct losers.........................PL.PEUR

Main stock markets:

Dow Jones................DJI Wall Street report ......N

Nikkei 225..............N225 Tokyo report.............T

FTSE 100................FTSE London report............L

Xetra DAX..............GDAXI Frankfurt items..........F

CAC-40..................FCHI Paris items.............PA

World Indices.....................................0#.INDEX

Reuters survey of world bourse outlook.........EQUITYPOLL1

European Asset Allocation........................EUR/ASSET

Reuters News at a glance:

Top News.............TOP/NEWS

Equities..............TOP/EQE

Main oil report...........O/R

Main currency report.....FRX/

((Gdansk Newsroom: +48 58 769 66 00;
Paris Equities: +33 1 49 49 54 52))

** Analysts at ICICI Securities advises investors to stay "underweight" in paints stocks as the sector sees increased competition

** Brokerage cuts rating of Akzo Nobel India Ltd AKZO.NS to "reduce" from "buy" while retaining "reduce" for Asian Paints Ltd ASPN.NS, Berger Paints India Ltd BRGR.NS, Kansai Nerolac Paints Ltd KANE.NS, Indigo Paints Ltd INDG.NS

** Says, "war in paints sector to likely to commence soon" with Astral Ltd ASTL.NS, Pidilite Industries Ltd PIDI.NS, J.K. Cement Ltd JKCE.NS entering the sector and Grasim Industries Ltd GRAS.NS on track to launch in FY24

** Adds, GRAS to test launch likely in 1HFY24, ASTL to relaunch brand name in FY24, PIDI introduced Haisha decorative paints in three states and JKCE acquired Acro paints and relauched it as JKMaxx

** Brokerage believes INDG, BRGR to be most likely to be impacted by the increase in competitive pressures while KANE and AKZO to be least impacted

** Stocks of ASPN, KANE, INDG and AKZO trading down between 0.35% and 0.87%, while BRGR trading up at 0.2% at 2:50 p.m. IST

(Reporting by Ashish Chandra in Bengaluru)

(([email protected]; +91 7982114624;))

May 26 (Reuters) - Indigo Paints Ltd INDG.NS:

• MARCH-QUARTER NET PROFIT 486.8 MILLION RUPEES VERSUS PROFIT 345.9 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 3.25 BILLION RUPEES VERSUS 2.88 BILLION RUPEES YEAR AGO

• DIVIDEND 3.5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE2RPPQG

Further company coverage: INDG.NS

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** Shares of Indigo Paints Ltd INDG.NS up for sixth straight session, set for longest winning streak since Aug. 4, 2022, if gains hold

** INDG shares rise as much as 7.1% to 1,295 rupees, their highest since Jan. 9

** Stock marks it biggest intraday pct jump in the six-day rally during which it gained 12.4% at current levels

** Paint maker's shares mark most active session during this period, with over 373,000 shares changing hands by 11:57 a.m. IST

** Seven analysts covering stock rate it "hold" on average; median PT is 1,190 rupees - Refinitiv data

** At current levels, stock's YTD losses trimmed to 2.2%

(Reporting by Nandan Mandayam in Bengaluru)

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