Kansai Nerolac Paints Tints Profits Amid Market Challenges

Kansai Nerolac Paints has witnessed a 7.3% rise in its consolidated net profit, totaling Rs 109.89 crore for the March quarter, as revealed in its latest regulatory filing.

The company experienced a revenue boost of 7.54%, reaching Rs 1,953.71 crore, contrasted with Rs 1,816.65 crore in the same period last year. However, the full-year profit for FY26 declined by 48% to Rs 575.84 crore, despite a 3% rise in total consolidated income to Rs 8,197.85 crore.

The surge in raw material costs, driven by the West Asia crisis and rupee depreciation, led to announced price increases. Kansai Nerolac Paints anticipates continued demand, supported by growth in infrastructure, core sectors, automobiles, and real estate. The board recommended a 250% dividend of Rs 2.50 per share for the fiscal year.

(With inputs from agencies.)