| Revenue growth | Standalone revenue +18.9% YoY in Q2; H1 +14.2% |
|---|---|
| Margins | PBDIT margin 9.8% vs 11.2%; material cost 70.1% of sales |
| Demand visibility | Auto buoyant; RBI sees healthy demand; discretionary spend at risk |
Growth
Standalone Q2 revenue +18.9% YoY, H1 +14.2%. Q2 PBDIT +4.9% and PBT +4.3%, trailing topline on cost pressure.
Outlook
No quantified guidance or capex plans disclosed. Management expects buoyant auto demand from launches and festive inventory build-up.
Risks
West Asia tensions, supply disruption, high crude and currency volatility raising import costs. Inflation may dent discretionary spend.
Last quarter's promises, checked
Partly delivered
- Q2 price hikes: deco +3%+, industrial +3–5% → Q2 standalone revenue +18.9% YoY, price split undisclosed (= PARTIAL)
Missed
- FY27 margin 13–14% (PBDIT basis assumed) → Q2 PBDIT margin 9.8% (= MISS)
- Q2 margins held vs last-year quarter → 9.8% vs 11.2% (= MISS)
Investor Presentation filed with NSE, NSE: KANSAINER. Summary written with AI assistance from the document.
Kansai Nerolac Paints Ltd: key numbers
- Share price
- ₹202.02
- Market cap
- ₹16,341 Cr
- Revenue (annual)
- ₹8,052 Cr
- Net profit (annual)
- ₹589.5 Cr
- P/E (TTM)
- 26.7×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.
More from Kansai Nerolac Paints Ltd
All →Kansai Nerolac Paints Earnings Call Transcript: Key Takeaways
Standalone revenue grew 18.9% but PBDIT only 4.9%, as raw-material inflation of about 25% outran 7-8% price hikes. Management deflects to 'sequential improvement' rather than quantifying margin recovery.
Kansai Nerolac Paints Legal & Regulatory
Kansai Nerolac Paints received a tax order from the Assistant Commissioner of Central GST, Raipur, imposing a penalty of ₹0.67 Crore. The demand relates to Input Tax Credit disallowances for FY 2020-21 to 2023-24.
- Value
- ₹0.67 Cr
- From
- Assistant Commissioner, Central GST & CEX, Division II, Raipur
Kansai Nerolac Paints Other Announcement
Kansai Nerolac authorised Pravin Chaudhari, Yash Ahuja and Rukmini Subramanian to determine material events from 1 December 2026. It only lists KMP and contact details.
Kansai Nerolac Paints Management Change
Kansai Nerolac's Company Secretary G.T. Govindarajan retires effective 30 November 2026. Rukmini Subramanian is appointed Company Secretary from 1 December 2026.
Kansai Nerolac Paints Q2 FY27 Results: Net Profit ₹144 Cr, Up 8.0% YoY
Kansai Nerolac Paints Ltd reported revenue from operations of ₹2,317 Cr (+18.6% YoY) and net profit of ₹144 Cr (+8.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹144 Cr · +8.0% YoY
Kansai Nerolac Paints Employee Stock Options
Kansai Nerolac Paints allotted 22,971 equity shares on RSU exercise under its 2022 plan. The board approved the allotment on 26 October 2026.