Indian paint makers buck market decline, helped by falling oil prices

Berger Paints India

09/04/2025 10:46

** Asian Paints ASPN.NS, Berger Paints India BRGR.NS, and Kansai Nerolac KANE.NS up 0.6%-1.5% amid market weakness .BO

** Brent LCOc1 hits over-four-year low on demand concerns due to escalating Sino-US tariff war

** Fall in oil prices benefits paint makers, who count crude as a major raw material

** ASPN, BRGR and KANE have gained about 4.8%, 6.5% and 2.6% since U.S. tariffs on April 2, while blue-chip Nifty 50 .NSEI has fallen fell 4%

** YTD, ASPN and BRGR has gained ~6% and ~20% respectively, while KANE has dropped ~7.5%

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))