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
Conference Call with Kansai Nerolac Paints Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Paints company Kansai Nerolac Paints announced Q4FY26 & FY26 results Q4FY26 Consolidated Financial Highlights: Revenue from Operations: The company recorded revenue of Rs 1,953.71 crore for Q4FY26, reflecting a YoY growth of 7.54% compared to Rs 1,816.65 crore in Q4FY25 and a QoQ decline of 1.43% from Rs 1,981.99 crore in Q3FY26. Total Income: Total income for the quarter stood at Rs 1,983.40 crore, up 7.00% YoY from Rs 1,853.74 crore and down 1.68% QoQ from Rs 2,017.20 crore in Q3FY26. Net Profit: Profit after tax for the period reached Rs 109.89 crore, an increase of 7.28% YoY compared to Rs 102.43 crore in Q4FY25. However, it saw a QoQ decrease of 6.12% from Rs 117.05 crore in Q3FY26. Profit Before Tax and Exceptional Items: Stood at Rs 176.87 crore for Q4FY26, a growth of 23.24% YoY from Rs 143.52 crore and a decline of 14.20% QoQ from Rs 206.13 crore in Q3FY26. FY26 Consolidated Financial Highlights: Revenue from Operations: For the full year FY26, revenue stood at Rs 8,051.91 crore, marking a growth of 2.93% YoY from Rs 7,822.97 crore in FY25. Total Income: Annual total income reached Rs 8,197.85 crore, compared to Rs 7,962.12 crore in FY25, a growth of 2.96% YoY. Net Profit: Profit after tax for the year was Rs 574.92 crore, representing a decline of 48.29% YoY from Rs 1,111.81 crore in the previous year. Profit Before Tax and Exceptional Items: Annual PBT (before exceptions) stood at Rs 860.13 crore, up 1.37% YoY from Rs 848.52 crore in FY25. Q4FY26 Standalone Financial Highlights: Revenue from Operations: Revenue was Rs 1,873.44 crore for the quarter, growing 7.64% YoY from Rs 1,740.43 crore and declining 1.78% QoQ from Rs 1,907.35 crore in Q3FY26. Total Income: Stood at Rs 1,907.41 crore, up 7.17% YoY from Rs 1,779.85 crore and down 1.89% QoQ from Rs 1,944.08 crore in Q3FY26. Net Profit: Profit after tax reached Rs 120.86 crore, a YoY decline of 2.13% from Rs 123.49 crore and a QoQ decline of 7.88% from Rs 131.20 crore in Q3FY26. Profit Before Tax and Exceptional Items: Stood at Rs 184.73 crore, up 12.76% YoY from Rs 163.83 crore and down 15.92% QoQ from Rs 219.71 crore in Q3FY26. FY26 Standalone Financial Highlights: Revenue from Operations: Annual revenue for FY26 was Rs 7,739.23 crore, up 3.23% YoY from Rs 7,496.71 crore. Total Income: Total income for the year was Rs 7,891.69 crore, a YoY increase of 3.31% from Rs 7,638.77 crore. Net Profit: Profit after tax for the year stood at Rs 619.85 crore, reflecting a decrease of 39.31% YoY from Rs 1,021.24 crore in FY25. Profit Before Tax and Exceptional Items: PBT (before exceptions) for the full year was Rs 898.91 crore, compared to Rs 907.42 crore in the previous year, a decline of 0.94% YoY. Business Highlights Segment Performance: The company operates under a single reportable business segment, 'Paints'. Decorative Performance: The quarter witnessed a continuation of the demand revival seen in the previous quarter within the Decorative segment. Industrial Performance: Demand in the Industrial segment remained robust, primarily driven by the Automotive sector. Performance Coatings: This segment showed strong growth supported by a healthy order pipeline. Raw Material Impacts: Raw material costs, which were benign during January and February, increased sharply due to the West Asia crisis and the depreciation of the rupee. Price Increases: The company announced price increases to partly offset the impact of inflation and has approached industrial customers regarding the same. Exceptional Items: Consolidated exceptional items for FY26 resulted in a total charge of Rs 63.15 crore, which included an additional employee benefit cost of Rs 44.72 crore due to Wage Code implementation and a loss of Rs 12.67 crore from a fire incident at the Ghaziabad warehouse. Dividend: The Board recommended a final dividend of 250% amounting to Rs 2.50 per share for the financial year ended March 31, 2026. Amalgamation: The Board previously approved the scheme of amalgamation of Nerofix Private Limited (a wholly-owned subsidiary) with the company, with an appointed date of April 1, 2025. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints, said: “During the quarter, the revival in demand seen in Q3, continued in Decorative. Growth drivers of new products, Construction Chemicals, Wood finishes and Projects continued to do well. The demand in Industrial was robust led by Automotive. KNPL continued to be better than the market, based on various initiatives. Growth in Performance Coatings was also strong based on a strong order pipeline. During the quarter, raw material costs, which were benign in Jan and Feb, rose sharply due to the West Asia crisis along with the depreciation of the rupee. The company has announced price increases to partly offset the impact of inflation. The company has also approached industrial customers with price increases. Going forward, while long-term demand looks intact. While demand momentum continues, how cost drivers pan out will need to be watched in the light of how the current geo-political situation pans out” Result PDF
Paints company Kansai Nerolac Paints announced Q3FY26 results Net revenue of Rs 1,907.35 crore, a growth of 3.5% over Q3FY25. EBITDA was at Rs 247.28 crore, a growth of 0.2% over Q3FY25. PBT (Before Exceptional Items) was at Rs 219.71 crore, a de-growth of 3.7% over Q3FY25. PAT (After Exceptional Items) was at Rs 131.20 crore. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints, said: “Industrial coatings registered strong growth during the quarter led by Automotive. The positive effect of the rate cuts in GST done towards the end of September has led to good demand across various OEM categories. In Decorative, while overall demand conditions remained subdued in addition to a shorter festival season, the internal initiatives of the company have helped register good growth in Projects, Distribution, water proofing and Construction Chemicals. Raw Material prices have been stable though the quarter saw a lot of volatility in forex and geopolitical uncertainty. Looking forward, the growth momentum is expected to be maintained in Automotive and Performance Coatings. The recovery in Decorative will continue to be gradual. “ Result PDF
Conference Call with Kansai Nerolac Paints Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.