Paint majors brace for mixed Q1FY27; price cuts deferred until post-Diwali
Asian Paints and Berger expect ~13% revenue growth on prior 14-16% hikes, but margins contract 120-140bps YoY as crude eases to $75-80/barrel. Firms hold off on price cuts amid intensifying competition from Birla Opus and JSW-Akzo. Stocks slip in CY26.
Indian decorative paint makers Asian Paints and Berger expect mixed Q1FY27, with 13% aggregate revenue growth on prior price hikes but margin contraction. Firms likely delay price cuts until post-Diwali amid easing crude and rising competition from Birla Opus, JSW-Akzo.