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.” Result PDF
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