Asian Paints hikes prices 12%, steepest among peers, as West Asia conflict lifts crude-linked costs
Asian Paints raised prices ~12% to offset rising raw material costs tied to the West Asia conflict, the sharpest move among major Indian paint makers. Q4 net profit jumped 69% YoY to ₹1,185.5 crore on 10.6% revenue growth to ₹9,247 crore. Shares slipped 1.06% to ₹2,649.40.
Asian Paints raised prices ~12%, steepest among major Indian paint makers, to offset crude-linked raw material costs from West Asia conflict. Q4 net profit jumped 69% YoY to ₹1,185.5 crore on 10.6% revenue growth.