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KANSAINER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kansai Nerolac reported Q4 FY26 standalone net revenue of Rs 18,734 million, up 7.6% YoY, with operating EBITDA up 21% to Rs 2,151 million. Full year FY26 standalone revenue grew 3.2% to Rs 77,392 million with operating EBITDA at Rs 9,862 million (flat YoY). Material costs remained high at 64.7% of revenue. The company faced headwinds from crude oil price surge, rupee depreciation, and West Asia crisis disrupting supply chains. On the positive side, automotive coatings demand remained healthy with strong double-digit growth in 2W/3W and commercial vehicles. Decorative business expanded with new products including India's first 20-year warranty exterior paint. New business (waterproofing, wood finishes) and projects business grew significantly, now covering 80+ towns. Dividend was reduced to Rs 2.50 per share from Rs 3.75 in FY25.
The quarter showed improved profitability on operating level (PBDIT margins expanded to 11.5% vs 10.2% YoY), but full-year performance was muted amid cost pressures. The reduced dividend and uncertain demand outlook due to material inflation suggest caution. Strong performance in automotive and new business segments provides some resilience.