Asian Paints raises prices by 7–8%; Nuvama expects more hikes if crude holds at $90–95/bbl

Abneesh Roy, ED of Nuvama Institutional Equities, says recent price increases could support paint companies’ margins and drive better revenue growth than volumes in FY27, aided by operating leverage and more disciplined industry pricing. He expects further action if input costs stay elevated. While demand remains steady, he advises tracking trends in raw materials. For Pidilite, some margin pressure may emerge, though strong pricing power should cushion the impact.