Kansai Nerolac net profit jumps 41.6% to ₹154.3 crore in Q3

For the nine months, net revenue was ₹5,731.6 crores, a growth of 4.7% over the same period of the previous year. EBITDA was at ₹843.7 crores, a growth of 31.5% over the same period of the previous year. PBT before exceptional items was at ₹761.3 crores, a growth of 44.2% over the same period of the previous year. PAT after exceptional item was at ₹1,081.3 crores.

Commenting on Q3 results, Kansai Nerolac 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. Company continues to see traction as regards to initiatives in the areas such as feet-on-street, digital, influencer outreach, new product launches, approvals, and projects. Going forward with the election round the corner, rural demand is expected to pick up which should support overall volume demand in the near term. Given the evolving geo-political situation, raw material prices may experience volatility."