business

Stock of the day I Sirca Paints | Revenue growth, stable margins, sales target

Sirca Paints enjoys a strong presence in northern markets with revenue growth of 36% YoY in 9M FY23. Margins remain stable despite volatility in input cost prices and are expected to benefit from the correction in oil prices. The company has been adding 50-60 dealers per month. Currently, the dealer count is pegged around 2000. Sirca Paints is targeting 25-30% sales growth for the next 2-3 years.

first published: Apr 5, 2023 01:56 pm