Conference Call with Kansai Nerolac Paints Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
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.” Result PDF