Sector Key Players Radico Khaitan Breweries & Distilleries

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SECTOR

BREWERIES &
DISTILLERIES

KEY PLAYERS
RADICO KHAITAN

PAINT

ASIAN PAINTS
BERGER PAINTS
KANSAI NEROLAC

OIL & GAS

MANALI PETROCHEMICALS

NEWS
Beer is the fastest growing segment among all four segment(IMFL,BII,BEER,CL)
Radico Khaitan with its large manufacturing capacity within India and joint ventures in UK and Africa
Q4 best for investment

RAW MATERIAL-Titanium oxide(accounts for 80% in value of imports)


Kansai Nerolac is the market leader in INDUSTRIAL segment.
Asian Paints is the market leader in DECORATIVE segment
Decorative segment-Demand in the festive season (September-December)
Most of the raw materials are petroleum based, the industry benefits from softening crude prices.
Q4 best for investment

Only Indian manufacturer of Propylene Oxide, the input material for Polyurethanes (PU) industry

OPPORTUNITIES
Increase in disposable income
Favourable demographics (younger population)

Infrastructure growth
Good monsoons

Expected CAGR of about 10-12%

THREATS
Change in ENA(extra neutral alcohol) prices
Change in tax(Tax on alcohol is only levied by State Govts)
Changes in legal drinking age

Volatility of the Indian currency


Oil prices

High level of imports(Thailand,Singapore,China)

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