In his address to shareholders at the company’s 80th Annual General Meeting held on July 9, Chairman R Seshasayee said the escalation of the conflict in West Asia has created significant inflationary pressure on raw materials, particularly crude oil-linked inputs.
“The recent escalation in West Asia has created significant inflationary pressures in raw materials, particularly through crude oil-linked inputs. In response, we have implemented measured price increases of approximately 12% to mitigate these headwinds,” Seshasayee said.
He added that while the company has taken pricing measures to offset higher input costs, it remains mindful of protecting consumer demand.
“Very recently, there have been signs of de-escalation in the West Asia conflict. However, the situation remains fluid, and it may take time for input costs to return to normalcy. As the industry leader, we will continue to adopt a balanced and responsible approach, passing on only such adjustments as are necessary,” he said.
Seshasayee noted that FY26 was marked by global uncertainty, with businesses navigating shifting trade policies, tariff-related developments, geopolitical tensions and supply chain disruptions. He said the conflict in West Asia intensified in the final quarter, leading to a sharp increase in energy prices and putting pressure on imported raw material costs.
Asian Paints’ latest price increase is the steepest among leading paint manufacturers. Earlier, Berger Paints India Asian Paints, Kansai Nerolac Paints increased prices by 2% to 3%, while JSW Dulux implemented a 10% hike.
Asian Paints Q4 results
Asian Paints reported a 69% year-on-year jump in consolidated net profit to ₹1,185.5 crore for the March quarter, beating the CNBC-TV18 poll estimate of ₹1,060 crore. The year-ago quarter had included an exceptional loss of ₹183 crore.
Revenue rose 10.6% to ₹9,247 crore from ₹8,359 crore a year earlier, ahead of the CNBC-TV18 poll estimate of ₹8,765 crore.
Shares of Asian Paints ended lower on Monday, July 13, by 1.06% at 2,649.40 on the NSE.
