Asian Paints has hiked decorative paint price by 1.2%. The company has raised the prices of decorative paints by Rs 6-10 litre per on account of rising input costs. Earlier, the company reported that it had hiked its industrial paint price by up to 4%. Thus, the latest hike marks company’s second price hike across range of products since start of new fiscal. Earlier, the company in the month of May hiked decorative paint prices by 1%. The move came in to offset inflationary pressure on industrial products.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.
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