Conference Call with Kansai Nerolac Paints Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Kansai Nerolac Paints announced Q3FY22 results: Q3FY22: The company earned Net revenue from operations of Rs.1694 crore, a growth of 13.1% over the corresponding quarter of the previous year EBIDTA was at Rs.210 crore, a de-growth of 28.5% over Q3 of 2020-21. PAT was at Rs.132 crore, a de-growth of 34.7 % over Q3 of 2020-21 9 months ended in December 2021: Recorded Net Revenue from operations of Rs. 4536 crore a growth of 32.8 %. EBITDA was at Rs. 564 crore, a de-growth of 11.4 % over the same period of 2020-21. PAT for the nine months period was Rs 350 crore, degrowth of 13 % over the same period of 2020-21. Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “The quarter witnessed a good demand for Decorative. In Auto, demand was muted on account of the semi-conductor chips shortages. On raw material costs, the quarter continued to witness inflationary pressures along with volatility in crude and exchange rates. Supply Chain tightness continued during the quarter. Company has not been able to encash the full benefit of demand. The company effected price increases in Decorative & cumulative price increase so far is more than 20%. Similarly, across all industrial segments an average price increase of around 18% has been implemented. Effect of these increases will be reflected going forward. Material costs continues to rise necessitating further price increase to offset this cost increase. Judicious management of costs and overheads continued. Looking forward it is expected that the impact of omicron on demand would be limited." Result PDF