Will lacklustre paints stocks get back the sheen?
SummaryAfter price hikes for five continuous months from May to September 2022, paint companies resisted from raising prices in Q3FY23.
Investors in paint stocks can heave a sigh of relief as cost inflation pressures are receding. Prices of key inputs such as crude-based monomers and titanium dioxide required to manufacture paints, eased sequentially in the December quarter (Q3FY23). In response, paint companies took minuscule price increases last quarter, according to dealer channel checks by some brokerages.