India's Asian Paints hikes prices by 12% as West Asia conflict drives up costs

Asian Paints

13/07/2026 13:15

    July 13 (Reuters) - India's Asian Paints ASPN.NS has increased prices by about 12% to counter rising raw material costs linked to the Middle East conflict, marking the steepest hikes in the industry, the firm said on Monday.
Here are some details:
The country's largest paint-maker by market share said the situation in West Asia remains fluid, and that input costs could take time to normalise
"The recent escalation in West Asia has created significant inflationary pressures in raw materials, particularly through crude oil-linked inputs," Chairman R. Seshasayee said in an annual report 
Earlier, rivals Berger Paints India BRGR.NS raised its prices between 1% and 2%, Kansai Nerolac Paints KANE.NS 2-3% and JSW Dulux JSWD.NS 10%.
Indian paint makers have raised prices this year to offset higher crude-linked raw material costs, while volatility in petrochemical supplies due to tensions in the Middle East has pressured production and margins
($1 = 95.6200 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))