Kansai Nerolac Paints

Kansai Nerolac Paints Q2 results: Net profit falls 31% to Rs 123 crore

The company, majority owned by Japan's Kansai Paint Co, said its consolidated net profit fell to Rs 123 crore ($14.6 million) in the three months ended Sept. 30 from Rs 177 crore a year earlier

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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

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

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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

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

Kansai Nerolac Paints to sell Mumbai land to Runwal Group for Rs 726 cr

Kansai Nerolac Paints has agreed to sell its land parcel, along with building, at Lower Parel in Mumbai for Rs 726 crore to Runwal Developers. Kansai Nerolac Paints has said that its board has approved a proposal for "entering into an Agreement for Sale with Aethon Developers Pvt Ltd, subsidiary of Runwal Developers Pvt Ltd, for the sale of the company's land parcel at Lower Parel together with building thereon, for a consideration of Rs 726 crore." Accordingly, the company has entered into an Agreement for Sale with the buyer. The sale is subject to completion of procedures and approvals as may be necessary in this regard, the company said on Tuesday. Real estate developers are buying land parcels outright and also entering into joint development agreements (JDAs) with landowners to expand their business amid a rise in housing demand.

Kansai Nerolac Paints Q2 results: Net profit rises 58% to Rs 176 cr

Kansai Nerolac Paints Ltd on Wednesday reported a 57.79 per cent increase in its consolidated net profit at Rs 175.48 crore in the second quarter ended September 2023. The company had posted a net profit of Rs 111.21 crore in the July-September period a year ago, according to a regulatory filing from Kansai Nerolac. Its revenue from operations was up 1.32 per cent to Rs 1,956.54 crore in comparison to Rs 1,930.96 crore in the corresponding quarter a year ago. "Gross margins improved over the corresponding quarter last year. The company continues to make progress on various initiatives," said Kansai Nerolac Paints Managing Director Anuj Jain in the earnings statement of the company. Raw material prices were stable despite volatility in crude, he added. "The quarter saw decent demand for automotive though it was lower than Q1. While demand for performance coatings was relatively better, demand for powder coatings remained subdued. Demand in decorative was affected due to monsoons an

Kansai Nerolac Q2 results: Profit rises 56% to Rs 177 cr on lower expenses

The company, owned by Japan's Kansai Paint Co, said its consolidated net profit rose 56% to Rs 177 crore ($21.26 million) for the three months ended Sept. 30

Nerolac Paints Q1FY24 result: Consolidated net profit up 382% to Rs 734 cr

The total income for Q1FY24 came in at Rs 2,174 crore, compared to Rs 2,056.20 crore year-on-year

Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus

The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

Kansai Nerolac, Canara Bank, Mankind Pharma among top stocks to watch today

Stock to Watch on Tuesday, May 9: Canara Bank's net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore in Q4FY23

Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter

Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago period, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,826.81 crore as against Rs 1,810.35 crore in the corresponding period last fiscal, it added. Total expenses were higher at Rs 1,684.74 crore as compared to Rs 1,648.39 crore in the same quarter last year. "The quarter witnessed good demand in automotive coatings. Demand in decorative was impacted on account of early Diwali, extended monsoons and higher than normal channel stocking due to price increases during October 21 and November 21," Kansai Nerolac Paints Managing Director Anuj Jain said. Raw material prices showed a decline during the quarter, which continued to witness a high exchange volatility with the ru

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock

Higher advertising costs and demand worries could put pressure on profitability

Zomato, 4 others zoom up to 45% in August; charts suggest more strength

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance

The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.

Demand recovery a rosy picture for paint companies in Apr-Jun quarter

Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action