Paint majors bet on FY27 volume rebound as price hikes offset crude squeeze
Asian Paints, Berger, Kansai Nerolac and AkzoNobel project healthy FY27 volume growth on reviving urban-rural demand, even as 30-35% crude-linked input costs force calibrated 9-12% price hikes. Top three still hold 75%+ share, but Birla Opus and JSW Paints sharpen the competitive squeeze.
Indian paint majors expect healthy FY27 volume growth on improving urban-rural demand, while implementing calibrated price hikes to offset crude-linked input cost inflation amid rising competition from new entrants like Birla Opus and JSW Paints.
Why this matters
Builds on Asian Paints' 8-10% FY27 volume guidance and Q4 profit jump of 69% to ₹1,172 cr, while sector peers echo high single-digit growth calls amid Birla Opus and JSW Paints disruption.
Retail-company signals steady at 1,475 over 90 days, reflecting consistent corporate activity flow.