Paints company Kansai Nerolac Paints announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations for Q1FY27 was recorded at Rs 2,373.59 crore, marking a YoY growth of 9.79% from Rs 2,162.03 crore in Q1FY26 and a QoQ increase of 21.49% from Rs 1,953.71 crore in Q4FY26. Total Income for the quarter stood at Rs 2,428.53 crore in Q1FY27, showing a YoY growth of 9.66% compared to Rs 2,214.64 crore in Q1FY26 and a QoQ increase of 22.44% against Rs 1,983.40 crore in Q4FY26. Profit before tax for Q1FY27 reached Rs 312.46 crore, reflecting a YoY increase of 5.75% from Rs 295.46 crore in Q1FY26 and a QoQ surge of 97.21% from Rs 158.44 crore in Q4FY26. Net Profit for the period was Rs 228.41 crore in Q1FY27, representing a YoY growth of 5.95% over Rs 215.59 crore in Q1FY26 and a QoQ increase of 107.85% from Rs 109.89 crore in Q4FY26. Total Comprehensive Income for Q1FY27 was Rs 228.48 crore, a YoY growth of 5.97% from Rs 215.60 crore in Q1FY26 and a QoQ increase of 110.89% from Rs 108.34 crore in Q4FY26. The Basic and Diluted Earnings Per Share (EPS) after exceptional items was Rs 2.86 for Q1FY27, compared to Rs 2.73 in Q1FY26 and Rs 1.39 in Q4FY26. Standalone Financial Highlights: Revenue from Operations stood at Rs 2,299.52 crore in Q1FY27, representing a YoY growth of 10.16% from Rs 2,087.42 crore in Q1FY26 and a QoQ increase of 22.74% from Rs 1,873.44 crore in Q4FY26. Total Income was recorded at Rs 2,355.65 crore in Q1FY27, showing a YoY growth of 10.06% from Rs 2,140.34 crore in Q1FY26 and a QoQ increase of 23.50% from Rs 1,907.41 crore in Q4FY26. Other Income for the quarter was Rs 56.13 crore in Q1FY27, compared to Rs 52.92 crore in Q1FY26 and Rs 33.97 crore in Q4FY26. Profit before tax for Q1FY27 reached Rs 325.75 crore, a YoY increase of 5.05% over Rs 310.08 crore in Q1FY26 and a QoQ growth of 93.04% over Rs 168.75 crore in Q4FY26. Net Profit for the quarter was Rs 242.34 crore in Q1FY27, marking a YoY growth of 4.98% from Rs 230.85 crore in Q1FY26 and a QoQ increase of 100.51% from Rs 120.86 crore in Q4FY26. The Basic and Diluted EPS after exceptional items was Rs 3.00 for Q1FY27, as against Rs 2.86 in Q1FY26 and Rs 1.49 in Q4FY26. Business Highlights: Demand Overview: Healthy demand was witnessed in both Decorative and Industrial segments despite the prevailing geo-political situation. The late arrival of the monsoon further assisted demand during the quarter. Segment Specifics: Decorative demand was reported as good. In the Automotive segment, demand continued to perform better than the market due to various initiatives. Performance coatings also registered strong growth. Macroeconomic Factors: The West Asia geo-political situation led to supply chain disruptions and a significant increase in raw material prices. The rupee also saw a sharp depreciation against the dollar. Pricing Strategy: The company has implemented price increases during this period to partly offset the impact of severe inflation. Subsidiary Performance: Consolidated results include two subsidiaries that reflected total revenues of Rs 41.39 crore and a total net loss after tax of Rs 6.52 crore for the quarter. Future Outlook: Strong demand is anticipated to continue in both market segments. A later Diwali this year is expected to provide a fillip to festive demand. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints, said: “During the quarter, demand in both Decorative and Industrial has been healthy despite the prevailing geo-political situation. Demand was further helped due to late arrival of monsoon. In Decorative, demand for KNP was good. In Automotive, demand for KNP continued to be better than the market, on the back of various initiatives. Performance coatings registered strong growth. The West Asia geo-political situation caused supply chain disruption as well as a significant increase in raw material prices, coupled with uncertainty of supply starting from March. The rupee depreciated sharply against the dollar. While the situation has improved from the middle of the first quarter, uncertainty in the environment due to geo-political factors prevails, and we remain watchful. KNP has taken price increases in this period to partly offset the impact of severe inflation. Looking ahead, we anticipate that demand in both market segments will continue to remain strong despite an erratic monsoon and prevailing geo-political situation. Additionally, Diwali being later this year, should add a fillip to the festive demand. Result PDF