• Pricing and inflation: Asian Paints implemented price increases of 13% to 14% to counter raw material inflation of approximately 24%, adopting a measured wait-and-watch approach for further hikes as some input costs soften.
• Volume growth target: After delivering robust volume performance across segments and double-digit growth in global operations during Q1, the company is targeting an 8% to 10% volume growth band in Q2.
• Supply chain impact: Severe inflation and supply disruptions in April and May constrained smaller competitors, resulting in marginal market share gains for Asian Paints and other organized players.
• Margin guidance: The company reaffirmed its full-year margin guidance of 18% to 20%, anticipating a slight, typical dip in Q2 driven by product mix before margins recover later in the year.