Crude bill softens and Rupee stabilises, but paint prices to go up in Dec

Crude oil prices are declining and the Rupee is stabilising against the dollar, but paint companies are are set to increase prices by 1.5 per cent from December-- the fourth time in a row they will be doing so.

Prices were last hiked in October, as companies like Asian Paints, Berger Paints, and Kansai Nerolac reel under high input costs that have put pressure on margins. 

Asian Paints was able to maintain its profit at a little over one per cent, but high input costs led Berger Paints, Kansai Nerolac, and others to report fall in profits in the second