Archive · 12 Dec 2025
Paint Stocks Rally Amid Lower Oil Costs
Paint stocks in India are doing really well right now.
Companies like Asian Paints, Berger Paints, and Indigo Paints have seen their stock prices go up a lot.
This is because the cost of oil, which is used to make paint, has gone down.
Also, people are buying more paint because of early festivals and lower taxes.
Some new big companies have also entered the market, making it more competitive.
However, the stock prices are quite high, which means investors are paying a lot for these companies.
It's important to note that while the current situation looks good, it's not a guarantee that these stocks will keep doing well in the future.
Paint stocks like Asian Paints, Berger Paints, and Indigo Paints are near their 52-week highs.
Lower global crude oil prices are benefiting paint companies by reducing production costs.
Asian Paints reported a 5.6% y-o-y revenue growth and a 60% y-o-y net profit increase in Q2FY26.
Berger Paints India saw flat revenue and a 23% y-o-y net profit decline in Q2FY26 despite high single-digit volume growth.
Paint companies are trading at high valuations, with P/E ratios above 40x and 60x.
- Who
- Paint companies like Asian Paints, Berger Paints India, and Indigo Paints
- What
- Stock price rally and high valuations
- When
- Recent trades and 52-week highs reached in 2024 and 2025
- Where
- India, with a focus on the decorative paints industry
- Why
- Lower oil costs, strong volume growth, and favorable policy measures
- Asian Paints 52-week high
- Rs 2,985.5 (4 December, 2025)
- Berger Paints 52-week high
- Rs 604.6 (3 July 2025)
- Indigo Paints 52-week high
- Rs 1,506.5 (16 December, 2024)
- Global crude oil price
- $60 per barrel (5-year low)
- Asian Paints Q2FY26 revenue
- Rs 7,356.3 crore (5.6% y-o-y growth)
- Asian Paints Q2FY26 net profit
- Rs 955.6 crore (60% y-o-y growth)
- Berger Paints Q2FY26 revenue
- Rs 2,458.5 crore (flat y-o-y)
- Berger Paints Q2FY26 net profit
- Rs 176.3 crore (23% y-o-y decline)
- Asian Paints ROE
- 20.7%
- Berger Paints ROE
- 20%
- Indigo Paints ROE
- 14.6%
- Asian Paints P/E
- 60x
- Berger Paints P/E
- 60x
- Indigo Paints P/E
- 40x