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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.
Q2 FY27 standalone revenue Rs2,269 Cr (+18.9% YoY) and PAT Rs149 Cr (+8.8%). PBDIT margin fell to 9.8% from 11.2% on raw material inflation.
KNPL reported Q1 FY27 standalone net revenue growth of 10.2% and PBDIT growth of 7.7%, focusing on premiumization in decorative and industrial segments.
Kansai Nerolac reports Q1 FY27 results, focusing on 'Paint+' product strategy, network expansion, and technology leadership in industrial coatings.