Tariff War Impact Report Date: 7th April 2025 | 1:30 PM Subject: India’s Resilient Sectors Amid Global Market Turmoil part 3

7. Paints & Home Improvement Paint and adhesive companies operate largely in the home improvement and real estate space, which is seeing sustained demand. Domestic manufacturing and brand recall make them less prone to disruption, even if crude prices influence input costs. Key Stocks (All Red): • Asian Paints – -1.23% • Berger Paints – -0.80% • Pidilite Industries – -1.95% Broader Perspective While all Indian stocks are showing red on the screen, so are global equities. The difference lies in underlying business models. Sectors listed above are driven by internal demand, protected by government support, or operate in regulated frameworks. By contrast, export-heavy sectors such as IT services, electronics, and auto components are seeing deeper cuts due to their exposure to Western clients and global supply chains — similar to the pressure seen in South Korea, Taiwan, and Japan today. Corrections are inevitable in times of panic. But panic doesn't last — fundamentals do. For the informed investor, this is an opportunity to look at: • Structurally strong, India-centric sectors • Quality businesses showing price weakness due to broad market sell-offs • Re-entry opportunities in long-term themes like consumption, infrastructure, and essential services This is a reset, not a rupture. Market sentiment is temporary. Business strength is permanent. thank you for reading