Asian Paints forecasts 8‑10% volume growth FY27, net profit up 39.6% to ₹1,559.45 cr.
All top paintmakers raised prices (7.5‑8.6% for Berger, 3‑5% for Kansai, 5% first quarter) to offset crude‑oil driven costs.
Competition remains intense across economy, premium, and luxury segments, with new entrants adding pressure.
Festive Season Boost & Volume Outlook Indian paint giants are optimistic about sustaining double‑digit volume growth through FY27, driven by robust demand from housing, infrastructure and automotive sectors. Asian Paints has guided an 8‑10% volume rise for the fiscal year, while Berger Paints and JSW Dulux project similar double‑digit growth, buoyed by festive sales in September and Q4. The sector’s consolidated net profit surged 39.6% to ₹1,559.45 cr in the June quarter, with revenue up 18% to ₹10,541.94 cr, underscoring healthy demand dynamics.
Price Hikes & Cost Pressures All leading paintmakers have implemented price hikes to counter escalating crude‑linked raw‑material costs amid geopolitical tensions and rupee depreciation. Berger Paints increased prices by 7.5‑8.6% in Q2, while Kansai Nerolac added 3‑5% across decorative and industrial segments. Asian Paints lifted prices by about 5% in the first quarter, and the company expects these hikes to continue supporting revenues in the coming months.
Competitive Landscape & New Entrants Competition remains fierce across economy, premium and luxury segments, with discounting strategies intensifying in the economy tier. New players such as Pidilite (Haisha Paints) and Grasim (Birla Opus) have entered the market, raising intensity further. Despite the crowded field, established names maintain a stronghold, controlling over three‑quarters of the Indian paint market while navigating raw‑material volatility and price‑sensitive consumers.
Topics:#Paint Industry#Asian Paints#Price Hikes#FY27 Growth#Raw Material Costs
