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Kansai Nerolac Paints Results: Latest Quarterly Results & Analysis

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Kansai Nerolac Paints Ltd. 04 Nov 2025 11:33 AM
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Q2FY26 Quarterly Result Announced for Kansai Nerolac Paints Ltd.

Paints company Kansai Nerolac Paints announced Q2FY26 results

  • For the quarter, the company declared net revenue of Rs 1,871.02 crore, a growth of 0.4 % over the corresponding quarter of the previous year.
  • EBIDTA was at Rs 211.85 crore, a de-growth of 1.5 % over the same quarter of the previous year. PBT was at Rs 184.39 crore, a de-growth of 4.0 % over the same quarter of the previous year.
  • For the half year net revenue was at Rs 3,958.44 crore, a growth of 1.1% over the same period of the previous year. EBIDTA was at Rs 523.82 crore, a de-growth of 4.7 % over the same period of the previous year. PBT was at Rs 494.47 crore, a de-growth of 4.1 % over the same period as the previous year.

Commenting on the results, Pravin Chaudhari, Managing Director, Kansai Nerolac Paints said, “During the quarter, growth in the Automotive segment was sustained. This momentum is expected to sustain. Company also saw good growth in Performance Coating. Going forward this segment is also expected to do well on the back of good order flows. Both Automotive and Performance Coatings are expected to benefit from boost in demand due to the cut in GST for the Auto majors and other OEMs as well as infrastructure push.

Overall demand in Decorative was affected due to heavy and extended monsoons. The company continues to do well in areas of Construction chemicals, waterproofing, wood finishes and projects. A shorter Diwali season and continued monsoons could impact growth in the short term. Raw material prices remained benign though there was considerable volatility witnessed in the forex markets along with Geopolitical uncertainty.

Looking forward we expect the momentum in both Automotive and Performance coatings to remain strong and a gradual recovery in Decorative.”

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Paints company Kansai Nerolac Paints announced Q1FY26 results

  • Net revenue of Rs 2,087.42 crore, a growth of 1.8% over Q1FY25.
  • EBIDTA was at Rs 311.97 crore, a de-growth of 6.7% over Q1FY25.
  • PBT was at Rs 310.08 crore, a de-growth of 4.1% over Q1FY25.

Pravin Chaudhari, Managing Director, Kansai Nerolac Paints, said: “During the quarter demand for Decorative showed signs of revival though an early monsoon impacted during the later part of the quarter. KNP decorative performance was affected due to the disturbance in April which impacted key markets in the North.

In Automotive, demand for KNP continued to be better than the market, on the back of various initiatives. Performance coatings registered strong growth.

Raw material prices were benign. Forex remained volatile. The uncertainty in the environment due to geo-political factors continued and we remain watchful.

Looking ahead, we anticipate an improvement in decorative demand driven by a favorable monsoon and the early onset of Diwali. In the industrial segment, we expect our marketleading growth trajectory to continue”.

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Paints company Kansai Nerolac Paints announced Q4FY25 & FY25 results

Q4FY25 FInancial Highlights:

  • Net revenue of Rs 1,740.4 crore, a growth of 4.7 % over the Q4FY24.
  • EBIDTA was at Rs 177.8 crore, a de-growth of 0.7 % over the Q4FY24.
  • PBT before exception items was at Rs 163.8 crore, a growth of 1.0 % over the Q4FY24.

FY25 FInancial Highlights:

  • Net revenue was Rs 7,496.7 crore, growth of 1.4 % over the FY24.
  • EBIDTA was at Rs 974.1 crore, a de-growth of 4.8% over the FY24.
  • PBT before exceptional items was at Rs 907.4 crore, a degrowth of 1.7 % over the FY24.
  • The Board has recommended a total dividend of 375 % (Rs 3.75 per share) including special dividend of 125% (Rs 1.25 per share) for the financial year ended March 31, 2025, as compared to total dividend of 375 % (Rs 3.75 per share) last year.

Pravin Chaudhari, Managing Director, Kansai Nerolac Paints, said: “ During the quarter, In Decorative, the growth drivers of Paint , Construction Chemicals, Wood finishes and Projects continued to do well. There is a gradual recovery seen in overall demand for Decorative as compared to the previous quarter, though the category continued to see tight liquidity and lower spending on discretionary items.

The demand for Automotive continued to be better than the market, based on various initiatives. Performance Coatings also continued to register strong growth on the basis of a strong order pipeline.

The various initiatives launched by the company over the past 3 years continue to yield results for the company.

During the quarter, raw material cost was benign, however forex continued to be volatile. Going forward, the forecast of a good monsoon should augur well for paint industry.”

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Paints company Kansai Nerolac Paints announced Q3FY25 results

  • For the quarter, the company declared Net revenue of Rs 1,842.2 crore, a growth of 1.5 % over the corresponding quarter of the previous year.
  • EBITDA was at Rs 246.9 crore, a growth of 2.9% over the same quarter of the previous year.
  • PBT before exceptional items was at Rs 228.1 crore, a growth of 7.2 % over the same period of the previous year.
  • PAT after exceptional item was at Rs 526.5 crore, a growth of 234 % over the same quarter of the previous year.

Anuj Jain, Managing Director, Kansai Nerolac Paints said, “The company continued to see good growth in Paint products, projects, wood coatings and construction chemicals. Demand in Decorative was impacted due to higher inflation leading to lower spend on discretionary products and tight liquidity. We are seeing a gradual recovery in demand.

In Automotive growth was better than market, based on several internal initiatives. Performance coatings registered strong growth due to a good order pipeline. The various strategic initiatives undertaken have led to a better than market performance across all businesses.

EBITDA improved during the quarter over the corresponding quarter of the previous year. The improvement was driven by improvement in mix, cost optimization and control on overheads.

Going forward It is expected that the recent budget announcements will help improve the consumption cycle which would positively impact demand.”

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Furniture, Furnishing & Paints company Kansai Nerolac Paints announced Q2FY25 results

  • Net revenue of Rs 1,864 crores, a growth of 1 % over Q2FY24.
  • EBIDTA was at Rs 215 crores, a de-growth of 20.3 % over the Q2FY24.
  • PAT was at Rs 130 crores, a de-growth of 27.6 % over the Q2FY24.

Anuj Jain, Managing Director, Kansai Nerolac Paints, said: “The company is seeing strong growth in the areas of Paint products, services, projects, construction chemicals, and wood finishes. Overall demand in Decorative was affected due to heavy and extended monsoons. A good monsoon would augur well, and we expect demand to improve in the second half.

In Automotive growth was good on the back of several initiatives and we expect this momentum to be maintained.

Performance Coating has also done well and is expected to remain strong on the back of a good order pipeline.

Raw material prices initially showed an inflationary trend but as the quarter progressed, raw material prices have gradually started softening.”

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Kansai Nerolac Paints announced Q1FY25 results:

  • For the quarter, the company declared Net revenue of Rs 2,050.4 crore, a degrowth of 1% over the corresponding quarter of the previous year.
  • EBIDTA was at Rs 334.4 crore, a growth of 0.2% over the same quarter of the previous year.
  • PBT before exception item was at Rs 323.4 crore a growth of 6.2% over the same quarter of the previous year.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints said, “The quarter continued to witness good demand for Automotive Coatings. Demand for Decorative was muted due to unprecedent heat wave, labor shortages and elections. Demand for Performance Coating was subdued however it picked up in June.

A combination of measures like cost control, product mix and procurement efficiencies helped improve gross margins over the corresponding quarter last year. Raw material prices have now gradually started to harden due to various geopolitical issues. The company is actively taking steps to mitigate this cost increase. The company is also undertaking various initiatives in the digital space to improve its efficiency in the marketplace.

Looking forward, with a favorable monsoon demand should improve for decorative. Given the continued thrust on infrastructure growth, new project and order pipeline we believe demand for performance coatings should be strong.”

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Furniture-Furnishing-Paints company Kansai Nerolac Paints announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Net revenue: Rs 1,662 crore, a growth of 3.5% over the corresponding quarter of the previous year.
  • EBIDTA: Rs 179 crore, a growth of 17.5% over the same quarter of the previous year.
  • PBT (Profit Before Tax) before exceptional items: Rs 162 crore, a growth of 32.7% over the same quarter of the previous year.

FY24 Financial Highlights:

  • Net revenue: Rs 7,393 crore, a growth of 4.4% over the same period of the previous year.
  • EBIDTA: Rs 1,023 crore, a growth of 28.8% over the same period of the previous year.
  • PBT before exceptional items: Rs 924 crore, a growth of 42% over the same period of the previous year.
  • Total dividend recommended: 375% (Rs 3.75 per share), including a special dividend of 125% (Rs 1.25 per share), for the financial year ended March 31, 2024, compared to a total dividend of 270% (Rs 2.7 per share) last year.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints said, “The demand for Industrial coatings though good, moderated from previous quarter. Decorative once again recorded double digit volume growth.

Raw material prices were stable. Gross margins improved over the corresponding quarter last year due to the benign raw material cost.

The initiatives in the areas such as feet-on-street, digital, influencer outreach, new product launches, approvals, and projects are yielding results for the company. Going forward, the forecast of a good monsoon should augur well for paint industry.”

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Furniture-furnishing Paints company Kansai Nerolac Paints announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • For the quarter, the company declared Net revenue of Rs 1,814.9 crore, a growth of 5.7% over the corresponding quarter of the previous year.
    • EBIDTA was at Rs 239.9 crore, a growth of 27.3% over the same quarter of the previous year.
    • PAT was at Rs 157.6 crore, a growth of 40.4% over the same quarter of the previous year.
  • 9MFY24:
    • For the nine months net revenue was Rs 5,731.6 crore, a growth of 4.7% over the same period of the previous year.
    • EBIDTA was at Rs 843.7 crore, a growth of 31.5% over the same period of the previous year.
    • PBT before exceptional items was at Rs 761.3 crore, a growth of 44.2% over the same period of the previous year.
    • PAT after exceptional items were at Rs 1,081.3 crore.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints said, “The quarter saw good demand for Industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season.

Raw material prices were stable despite volatility in crude. Gross margins improved over the corresponding quarter last year. Company continues to see traction as regards initiatives in the areas such as feet-on-street, digital, influencer outreach, new product launches, approvals, and projects.

Going forward with the election around the corner, rural demand is expected to pick up which should support overall volume demand in the near term. Given the evolving geo-political situation, raw material prices may experience volatility”.

 

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Furniture-furnishing paints company Kansai Nerolac Paints announced Q1FY24 results:

  • For Q1FY24, the company declared net revenue of Rs 2,071.2 crore, a growth of 6.5% over Q1FY23.
  • EBIDTA was at Rs 333.9 crore, a growth of 30.6% over Q1FY23.
  • PBT before the exception item was at Rs 304.6 crore a growth of 39.5% over Q1FY23.
  • PAT after exception item was at Rs 743.8 crore, a growth of 356.6% over Q1FY23.
  • On June 30, 2023, the company entered a Deed of Conveyance with Shoden Developers Private Limited, a group company of House of Hiranandani for the sale of its land at Kavesar, Thane for a total consideration of Rs 671 crore. Accordingly, the profit on the sale of Rs 661.25 crore has been disclosed as an exceptional item in Q1FY24.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints, said, “The quarter witnessed good demand for Automotive and Performance Coating. Demand for decorative paints was healthy.

Raw material prices continued to soften. Gross margins improved over the corresponding quarter last year. The company continues to pursue various initiatives in the areas of feet-on-street, digital, influencer outreach, new product launches, approvals, and projects.

Looking forward, growth momentum in Automotive and Performance Coatings will continue. With a favourable monsoon and a longer festival season, Decorative demand is likely to improve closer to the festival season.

The proceeds from the land sale will be mainly utilized to support business initiatives.”

 

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Furniture/furnishing paints company Kansai Nerolac Paints announced Q4FY23 & FY23 results:

  • Q4FY23:
    • For Q4FY23, net revenue from operations of Rs 1,605 crore, a growth of 13.6 % over Q4FY22
    • EBIDTA was at Rs 153 crore, a growth of 83.8 % over Q4FY22
    • PAT was at Rs 94 crore, a growth of 283.2 % over Q4FY22
  • FY23:
    • For FY23, net revenue from operations of Rs 7,081 crore, a growth of 19.0 % over FY22
    • For FY23, EBITDA was at Rs 794 crore, a growth of 22.6 % over FY22
    • PAT for FY23 was Rs 486 crore, a growth of 29.9 % over FY22
    • The board has recommended a dividend of 270% (Rs 2.70 per share) for FY23, as compared to a total dividend of 225% (Rs 2.25 per share) for FY22
    • The board has considered and approved the Issue of 1 bonus equity share of face value Re 1 each against 2 equity shares of face value Re 1 each. This is subject to shareholders’ approval.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints, said, “During the quarter all businesses have done well. Though raw material prices have softened, for the year, inflation is still positive. Judicious cost management efforts were continued. This along with various initiatives undertaken in previous quarters has led to the gross margins improving both over the corresponding quarter last year and sequentially. The company continued with growth initiatives in Decorative and Performance coating. These initiatives which are in the area of feet on the street, digital interventions, influencer outreach, new product launches, approvals, and projects have gathered momentum. The results are encouraging, and these initiatives are being expanded to more cities. Looking forward demand is expected to remain healthy in the near term.”

 

 

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