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Kansai Nerolac Paints Ltd News

Brush with competition could hurt paint maker Kansai Nerolac's margins

Company's Q4 revenue was below estimates; its costs to maintain market share have increased

Brush with competition could hurt paint maker Kansai Nerolac's margins
Updated On : 09 May 2024 | 2:37 PM IST

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion

Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher

Kansai Nerolac Paints Q4 results: Net profit rises 24% to Rs 1.16 billion
Updated On : 04 May 2024 | 8:34 PM IST
Updated On : 26 Feb 2024 | 10:40 AM IST

Kansai Nerolac Paints Q3 results: Net profit rises 39.6% to Rs 152 cr

Kansai Nerolac Paints Ltd on Monday reported a 39.57 per cent increase in consolidated net profit to Rs 152.09 crore for the December quarter, helped by improvement in margins. The company had posted a net profit of Rs 108.97 crore in the October-December period a year ago, Kansai Nerolac said in a regulatory filing. Its revenue from operations was up 5 per cent to Rs 1,918.71 crore in the third quarter of the ongoing fiscal from Rs 1,826.81 crore in the year-ago period. Total expenses of Kansai Nerolac Paints were up 2.72 per cent to Rs 1,730.61 crore in the December quarter. Commenting on the results, Managing Director Anuj Jain said, "The quarter saw good demand for industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season." Raw material prices were stable despite volatility in crude. "Gross margins improved over the corresponding quarter last year. The company continues to see traction as regards to initiati

Kansai Nerolac Paints Q3 results: Net profit rises 39.6% to Rs 152 cr
Updated On : 05 Feb 2024 | 8:39 PM IST

Nerolac Q3 results: Profit rises over 40% to Rs 154 crore, revenue up 5%

The company, owned by Japan's Kansai Paint Co, said consolidated net profit rose 40% year-over-year to 1.54 billion rupees ($18.5 million) in the third quarter

Nerolac Q3 results: Profit rises over 40% to Rs 154 crore, revenue up 5%
Updated On : 05 Feb 2024 | 5:17 PM IST