Month: October 2021

Masco: Paint prices to rise due to soaring material and shipping costs

Masco Corp. enjoys continued strong demand for its paint and plumbing products, but supply chain issues and rising raw material costs are hampering profitability. Part of the solution, according to executives at the Livonia-based manufacturer, is to pass the costs on to customers. This means DIY enthusiasts should probably expect to pay more for Behr […]

Paint inventories are piling up on rising price reports; Asians, Berger paints earn up to 6%

Shares of paint companies gained as much as 6 percent on BSE in Wednesday’s intra-day trade in a market otherwise limited by reports of rising prices. Asian Paints rose 6 percent to Rs 3,145.60, while Berger Paints India gained 5 percent to Rs 767.80, followed by Shalimar Paints (5 percent to Rs 95.75), Kansai Nerolac […]

Paint stocks tumble after ICICI Securities downgrades

Stocks of major Indian paint manufacturers fell after ICICI Securities downgraded them all a notch. “As we remain positive about their business model due to strong competitive advantages and long-term growth opportunities, rising input prices and high competitive pressures will impact their short-term profits.” , the brokerage said in its Oct. 24 report. In addition, […]

Rising Paint Prices: How Long Could They Stay High?

Paint is scarce and more expensive due to raw material constraints and supply chain issues. Manuel Balce Ceneta PA Paint is the last good that renovators or home builders may have noticed is harder to find and more expensive. Supply chain issues and raw material constraints, coupled with increased demand during the COVID-19 pandemic, have […]

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