How is Goodlass Nerolac Paints Limited (GNPL),the leader in industrial coatings in India,coping with the increase in crude oil prices globally?As a paint major with a higher exposure to the industrial rather than the decorative segment,GNPL is vulnerable to the downturn domino effect of crude oil prices on the prices of derivatives such as solvents and resins.Prime customers in the automobile sector have higher bargaining power and price increases cannot be passed on.Besides,the increasing fuel prices have meant that there is an expected drop in automobile demand itself,in the coming months.
展开▼
