Specialty and Performance Chemicals

Rock Paint Co., Ltd.

4613

4621

4617

4615

<p>Paint companies are facing margin pressure due to rising crude and gas prices, leading to price hikes. Asian Paints has announced increases of 6-8% effective mid-April, while Berger Paints and others have also raised prices. Analysts expect demand to remain stable despite these hikes, with Asian Paints reporting 4% revenue growth in Q3FY26. Kansai Nerolac is seeing faster growth in auto and industrial segments. Berger Paints anticipates recovery with double-digit volume growth in FY27. A contrarian view suggests potential buying opportunities in the paint industry as competitive intensity may ease.</p>

Business Standard

Kansai Paint Co., Ltd.

Chugoku Marine Paints,Ltd.

Shinto Paint Co., Ltd.

Paint majors face near-term margin pressure amid rising crude costs

1619

<p>Shares of paint companies, including Asian Paints, Indigo Paints, and Berger Paints, rose by up to 5% on the BSE due to falling oil prices. Despite this, paint stocks have underperformed in 2026, with declines of up to 38% attributed to poor operational performance and high crude oil prices. Asian Paints plans a 6-8% price increase to offset rising costs, while other companies like Berger and Kansai Nerolac are also expected to raise prices. Analysts predict a gradual recovery in the industry, with revenue growth supported by stable raw material prices.</p>

Nomura Holdings, Inc.

Paint stocks: Asian Paints, Indigo Paints, Berger, Shalimar gain up to 5%

Rock Paint Co., Ltd.(4621.JP)

Paint majors face near-term margin pressure amid rising crude costs

Paint stocks: Asian Paints, Indigo Paints, Berger, Shalimar gain up to 5%