Sirca Paints enjoys a strong presence in northern markets with a 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.
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