| Revenue growth | Standalone Q2 revenue +18.9% YoY, consolidated +18.6%. |
|---|---|
| Margins | PBDIT +4.9% vs revenue +18.9%; margins contracting; 13-14% targeted Q4. |
| Demand visibility | RBI sees healthy demand; Q3 growth expected good, unquantified. |
| Management confidence | Balanced to defensive; heavy hedging on margins, 'trying' to reach targets. |
Growth
Standalone revenue +18.9%, PBDIT +4.9%, PBT +4.3%; consolidated PBDIT +4.1%. Growth not converting to profit.
Outlook
Sept price hikes flow into Q3; Q3 growth 'should be good' unquantified; 13-14% EBITDA margin aimed by Q4.
Risks
Inflation ~25% vs 7-8% price hikes; OEM pass-through slow; Bangladesh losses; Neurofix inventory hit Rs 4-5 Cr.
Last quarter's promises, checked
Partly delivered
- Guided deco price +3-odd% in Q2 → Sept hikes flow into Q3 (= PARTIAL)
- Guided industrial price +3-5% in Q2 → industrial price hikes 7-8% cited, basis unclear (= PARTIAL)
- Guided 5-10% annual network addition → 3,000+ dealers added H1, no % base (= PARTIAL)
Missed
- Guided maintain 13-14% EBITDA margin FY27 → margins contracting (PBDIT +4.9% vs revenue +18.9%), 13-14% now only 'aimed' by Q4 (= MISS)
- Guided Q2 margins maintained vs last year same quarter → PBDIT +4.9% vs revenue +18.9% (= MISS)
Earnings Call Transcript filed with NSE, NSE: KANSAINER. Summary written with AI assistance from the document.
Kansai Nerolac Paints Ltd: key numbers
- Share price
- ₹204.01
- Market cap
- ₹16,502 Cr
- Revenue (annual)
- ₹8,052 Cr
- Net profit (annual)
- ₹589.5 Cr
- P/E (TTM)
- 27.0×Sector 43.7×
- Promoter holding
- 74.95%-0.01% QoQ
- FII holding
- 3.94%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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All →Kansai Nerolac Paints Legal & Regulatory
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- Value
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- From
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- Key figure
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