Kamdhenu Paints aims four-fold revenue growth, targets Rs 10 bn by 2028

21 Jun 2023 CW Team

Kamdhenu Paints aims to achieve a significant growth in its revenues, targeting a four-fold increase to reach Rs 10 billion over the next three years, according to Satish Kumar Agarwal, the company's CMD. During the financial year that ended on March 31, 2023, Kamdhenu Paints generated approximately Rs 2.51 billion in revenue, as shared with PTI.

In order to strengthen its presence in the paints and steel sectors within India, the Kamdhenu Group recently implemented a separation of its businesses.

Agarwal stated, "We have set our sights on achieving a four-fold growth in revenue, reaching Rs 10 billion by the end of FY28. In the last financial year of 2023, the company's revenue amounted to Rs 2.51 billion."

With the growing demand for their products, Kamdhenu Paints plans to expand its market share in the southern and western regions of the country. This expansion will involve the introduction of new and innovative products into their portfolio.

Agarwal further explained that the company intends to increase its presence in the northern and eastern regions by expanding its dealer and distribution network. Currently operating with 4,000 dealers, Kamdhenu Paints aims to expand this network to over 8,000.

Kamdhenu Paints operates its manufacturing plant in Chopanki, Rajasthan, where it produces a range of interior and exterior emulsions, stainers, colourants, designer paints, construction chemicals, waterproofing chemicals, and other water-based specialty products. Additionally, the company outsources the production of medium and low-range products such as distempers, enamel, and putty to entities located in Rajasthan, Uttar Pradesh, Haryana, and Punjab.

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