With every colour available to him, Dulux Group chief Patrick Houlihan says he chose Barnfloor, Army Issue and Harold.
In layman's terms they were "very contemporary beiges and creams".
Perhaps not the most exciting palette, but anyone who has ever had to choose colours when renovating or painting will tell you it's harder than it looks and it's all about trust.
Indeed, it's this issue of trust that is at the heart of running a company such as Dulux
, says Houlihan
, who describes paints and coatings as "slow-moving consumable goods".
That shows the fundamentals of our business have led to consistent performance," Houlihan
And it's such consistency that analysts and investors will look for today as the group prepares to report its first stand-alone results since its demerger from explosives group Orica.
Market expectations are for a net profit of about $70 million and a dividend of about 3c a share.
Houlihan, who has worked at Dulux since he graduated with a science degree, is relaxed about running his own show as chief executive, and he is the first to acknowledge he's inherited a solid business.
has been the clear market leader with a share of 40 per cent or more and it dominates the shelves in major distribution outlets such as hardware retailer Bunnings.
About 75 per cent of revenue comes from paints while 25 per cent is tied to the Selleys and Yates business.
says the group has a "multiple growth agenda".
focused on looking at what Dulux
can do to grow in Asia (where it has been carefully breaking into markets with products from Selleys and Cabots) and domestically it's about lifting market share, looking at adjacent markets and sensible acquisitions.
For example, Houlihan notes that Selleys could look at expanding further into an area such as specialist household cleaning products.
Further, the introduction of the Lowe's hardware chain under Woolworths is the kind of opportunity Dulux
can be expected to exploit.
"We take the view that our national brands need to be widely accessible to consumers (and) we need to be in all key destination channels," Houlihan
It's hard to know if there's another Selleys or Yates type of acquisition on the cards, but it's clear the rise of home improvement in Australia will help drive growth and maintain market share for the group.
The rest is in the hands of management.
"Opportunities come when you least expect them, but if you have a sense of what your own passions are, then you'll be ready when the ball gets thrown," Houlihan
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