Monday, March 03, 2025 | 02:13 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

Nerolac, Kansai Nerolac
Premium

Photo: Shutterstock

Ram Prasad Sahu

Listen to This Article

Kansai Nerolac Paints has seen its market capitalisation (mcap) erode by over 5 per cent since May 3 after posting a subpar performance in the fourth quarter of 2023-24.

Weighed down by stiff competition, the company has shed Rs 1,172 crore over the past two weeks in mcap.

India’s largest paint maker in terms of mcap, expects double-digit growth in the industrial segment and aims to maintain margins, but its performance in decorative paints could suffer amid competition.

The company's Q4 revenue rose by 3.5 per cent compared to the same period last year but was below consensus estimates.

The

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in