Asian Paints eyes pricing stability amid steady raw material prices

by PRICHA PAHARI · May 10, 2024

That management foresees prices to remain benign in Q1FY25, but going forward there might be some inflation.

**The company has implemented a price decrease of approximately 3.7 percent, which has narrowed the usual gap between volume and value numbers.**

Asian Paints anticipates no disruptions in pricing moving forward, owing to stable raw material prices.

The management said in a post earnings conference call that some of the crude derivatives like monomers have shown some signs of pickup in the paint market. “But the key raw material which is Titanium dioxide (TiO2) is still stable in terms of the overall value.” said Amit Syngle, Managing Director and CEO. Titanium dioxide (TiO2) is a white pigment used in over 90 percent of paint products, to decorate and protect surfaces/objects in both consumer and industrial settings.

That management foresees prices to remain benign in Q1FY25, but going forward there might be some inflation, it added.