New Delhi, May 6 (PTI) Kansai Nerolac Paints on Wednesday reported a 7.3 per cent rise in its consolidated net profit to Rs 109.89 crore for the March quarter.
The company had posted a net profit of Rs 102.43 crore in the January-March period a year ago, according to a regulatory filing by Kansai Nerolac.
Its revenue from operations increased 7.54 per cent to Rs 1,953.71 crore in the March quarter of FY26. It was Rs 1,816.65 crore in the corresponding quarter a year ago.
Total expenses of Kansai Nerolac Paints rose 5.63 per cent to Rs 1,806.53 crore in the March quarter.
Its total income, which includes other income, climbed 7 per cent to Rs 1,983.4 crore.
For the entire FY26, Kansai Nerolac Paints’ profit fell 48 per cent to Rs 575.84 crore. The
total consolidated income rose 3 per cent to Rs 8,197.85 crore.
Commenting on the results, its Managing Director Pravin Chaudhari said, “During the quarter, the revival in demand seen in Q3 continued in decorative. Growth drivers of new products, construction chemicals, wood finishes and projects continued to do well. The demand in the industrial sector was robust, led by automotive”.
During the quarter, raw material costs, which were benign in January and February, rose sharply due to the West Asia crisis, along with the depreciation of the rupee.
“The company has announced price increases to partly offset the impact of inflation. The company has also approached industrial customers with price increases. Going forward, while long-term demand looks intact. While demand momentum continues, how cost drivers pan out will need to be watched in the light of how the current geo-political situation pans out,” he said.
Its board has recommended a total dividend of 250 per cent, which is Rs 2.50 per share for the financial year ended March 31, 2026.
Over the outlook of the Indian paint industry, the company said: “The size of the domestic paint industry is estimated at around Rs 77,500 crore as of March 2025. 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 industry in the long run”.
Shares of Kansai Nerolac Paints Ltd on Wednesday settled at Rs 201.6 apiece on BSE, up 3.73 per cent from the previous close. PTI KRH BAL BAL
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