Shalimar Paints, the 112-year-old paint-maker, reportedly may take a price increase of around 2-2.5 percent by month-end. The company which is presently monitoring its cost increases will soon adjust the prices according to changes in its input costs.
The previous price hikes undertaken by the company have still not incorporated adequate cost increases. The company had taken two price hikes in H1FY14 to pass on the adverse impact of rupee depreciation on the raw materials to consumers.
Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad
