Asian Paints Shares Jump 4% After Price Hike Plan; Stock Rebounds From 52-Week Low

Shares of Asian Paints Ltd are rising fairly in today's trading session after the company signalled a price hike across its product portfolio to counter rising input costs. The stock rebounded strongly Today after it touched a new 52-week low of Rs. 2115 on Monday, March 23rd.

Asian Paints Share Price Today

Asian Paints share price today climbed as much as 4.4% to hit an intraday high of around Rs. 2,215 on the NSE, while on the BSE, it gained over 4.3% to touch Rs. 2,213.

Asian Paints Price Hike Plan Explained

According to a report by CNBC TV18,Asian Paints is set to implement price hikes in two phases, ranging between 6% and 8% across its product categories.

"The first round of price increases is expected to come into effect from April 10, covering key segments such as emulsions, enamels, primers, distempers, and more. The second phase of price revision is expected from April 21, which will include other product categories such as waterproofing solutions, tile adhesives, and wood finishes", the report further noted

Why Are Asian Paints Raising Prices?

The decision to increase prices has been taken due to rising raw material costs, particularly crude oil derivatives, which form a major component in paint manufacturing industry.

Higher crude oil prices typically put pressure on margins for paint companies. By passing on a portion of these costs to consumers, Asian Paints is trying to protect profitability and maintain operating margins.

While oil prices saw a sharp drop of 10% yesterday after US President Donald Trump announced a temporary pause on strikes against Iranian energy infrastructure, the relief was short-lived.

Oil prices rebounded later as geopolitical tensions resurfaced, keeping volatility high. Currently WTI Crude is trading near $91 per barrel, while Brent crude is at $102 per barrel. For companies like Asian Paints, fluctuations in crude oil directly impact input costs and pricing strategies.

About Asian Paints

Asian Paints is India's largest paint manufacturer and ranks among the top decorative coatings companies globally. The company operates across paints, coatings, and home décor segments, with a strong distribution network and brand presence.