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Leading paint manufacturers expect double-digit growth to continue into the festive season even as they push through fresh price increases to offset input cost pressures, and the fierce competitive intensity across price segments in the sector shows no signs of easing. Asian Paints, Berger Paints, Kansai Nerolac and JSW Dulux expect sustained demand from housing, infrastructure and automotive sectors, though they also remain wary of uncertainty in crude-linked raw material costs amid geopolitical tensions as the bulk of their production costs rely on petroleum-derived resources. Berger Paints and JSW Dulux projected double-digit growth and Asian Paints guided for 8-10 per cent volume growth for FY27. The top leadership of the leading listed paintmaker in their latest earnings calls reported healthy growth in the June quarter and indicated that price hikes taken during the first quarter will continue to support revenues in the coming months. Asian Paints Managing Director and CEO Am
India's paint industry is witnessing an improvement in demand across urban and rural markets, raising hopes of healthy volume growth for leading players in FY27 even as they implement price hikes to offset rising input costs amid an intensely competitive market. Paint manufacturers, which have already undertaken multiple rounds of price hikes amid rising crude-linked raw material costs, remain cautious and are expected to implement calibrated increases to pass on higher input costs to consumers while protecting margins. Crude oil derivatives account for nearly 30-35 per cent of the paint industry's raw material costs, as key inputs such as solvents, binders and resins are closely linked to global oil prices. The sector remains exposed to geopolitical uncertainties, currency fluctuations and supply-chain disruptions that could further influence costs. Listed players, such as Asian Paints, Kansai Nerolac, Berger and AkzoNobel India, in their latest earnings calls, said demand trends .
The country's leading paint manufacturers expect competitive intensity to remain elevated in the coming months, even as they foresee an improvement in demand and volume growth in the March quarter (Q4), along with sustained margins. The top management of leading paint companies, such as Asian Paints, Kansai Nerolac, Berger Paints and AkzoNobel India, in their earnings calls, acknowledged the impact on sales in October and a sustained recovery in November and December. The markers also pointed out the impact of a shorter festive period, along with a prolonged monsoon, on sales in the December quarter. They remain cautiously optimistic that the cyclical recovery, infrastructure push and stabilising consumption patterns will support volume growth even as competitive intensity stays elevated. Asian Paints MD and CEO Amit Syngle said the market continues to witness strong competitive pressure with no signs of a pullback. He added that the company is focusing on structural cost reductio
The Indian paint industry, after witnessing robust growth in FY'22 and FY'23, is bracing for a challenging landscape marked by intensifying competition and margin pressures, according to a report. Revenue growth for long-established players such as Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, and Indigo Paints moderated to 4 per cent in FY'24, significantly lower than the 14-15 per cent CAGR recorded between FY'19 and FY'23, CareEdge Ratings said in its study. The decline was attributed to price cuts with softening raw material costs and an increasing share of lower-value products in the sales mix. While the volume growth remained high at over 10 per cent, the revenue moderation can be attributed to price cuts undertaken by the players to partly pass on softening raw material cost and change in product mix with a growing share of lower-value products," the report said. The revenue was further impacted in the first half of FY'25 (H1FY'25) due to stiff competition, genera
Berger Paints Ltd announced on Sunday that it will produce a stabilising agent for its paints using technology from a college run by the Ramakrishna Mission at Belur in West Bengal's Howrah district. The company has signed a technology transfer agreement to explore pilot-scale and subsequent industrial-scale production of green ammonia by an electrocatalytic method without using green hydrogen. "Currently, we procure stabilisers from external sources. But this technology of Ramakrishna Mission Vidyamandira, which has proven lab outcomes, is far more environmentally friendly and will also provide us with a cost advantage," Berger Paints MD & CEO Abhijit Roy told PTI. Ramakrishna Mission Vidyamandira is a residential autonomous degree college in Belur. This has nothing to do with green hydrogen production, he said. Green ammonia production involves a process of making ammonia that is renewable and carbon-free. One way of producing green ammonia is by using hydrogen from water ...