Paint majors hold high single-digit volume growth call as Birla Opus, JSW crowd the aisle
Asian Paints, Berger, Nerolac, AkzoNobel and JSW Dulux flag improving urban-rural demand into FY27, but 30-35% crude-linked input basket forces calibrated hikes — Berger at 11-12% cumulative, JSW Dulux 9.7% by mid-May, with another 3-4% still needed to protect margins.
Indian paint majors Asian Paints, Berger, Kansai Nerolac, AkzoNobel and JSW Dulux flag improving urban-rural demand and high single-digit volume growth hopes, while implementing calibrated price hikes to offset crude-linked input cost inflation amid intensifying competition from Birla Opus and JSW.