Shalimar Paints has hiked prices of industrial paints and decorative products last month by 2-3%, taking total FY14 price hike to 5-7% depending upon the product category. The company has taken this step due to rising input cost.
In the third quarter, most paint companies had seen an impact on profitability due to higher commodity or raw material prices. That impact is being passed on to consumers through the price increase.
Shalimar Paints is one of the leading paints manufacturing companies in India. The company has three manufacturing facilities located Howrah, Nasik and Sikandrabad.
