Kansai Nerolac Paints

Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago period, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,826.81 crore as against Rs 1,810.35 crore in the corresponding period last fiscal, it added. Total expenses were higher at Rs 1,684.74 crore as compared to Rs 1,648.39 crore in the same quarter last year. "The quarter witnessed good demand in automotive coatings. Demand in decorative was impacted on account of early Diwali, extended monsoons and higher than normal channel stocking due to price increases during October 21 and November 21," Kansai Nerolac Paints Managing Director Anuj Jain said. Raw material prices showed a decline during the quarter, which continued to witness a high exchange volatility with the ru

Higher advertising costs and demand worries could put pressure on profitability

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.

Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action

Companies to post double digit volume growth in the quarter

In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.

The management said the quarter witnessed impact in terms of demand for decorative business on account of the steep price increase taken towards the end of Q3FY22.

Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.

Kansai Nerolac's total expenses were at Rs 1,503.54 crore, up 15.47 per cent in Q4/FY 2021-22, as against Rs 1,302.06 crore in the year-ago period

Kansai Nerolac Paints Ltd on Friday said its Executive Director Anuj Jain has been elevated as the managing director of the company

The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

Kansai Nerolac's total expenses stood at Rs 1,648.39 crore, a jump of 23.65 per cent as against Rs 1,333.06 crore a year ago

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers

Kansai Nerolac Paints Ltd on Friday reported an over three-fold increase in its consolidated net profit to Rs 111.38 crore for the first quarter ended June 2021.

While the first three weeks of April saw robust demand in what is considered a seasonally strong period, lockdown in multiple states has seen offtake collapse

Kansai Nerolac Paints Ltd on Friday reported an increase of 89.14 per cent in its consolidated net profit to Rs 123.62 crore for the fourth quarter ended March 2021

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns

While decorative paints business remains strong, overall economic growth to aid industrial segment

Kansai Nerolac on Tuesday reported an 11.56 per cent fall in consolidated net profit at Rs 167.96 crore for the quarter ended September 30