Kansai Nerolac Paints Limited has informed the Exchange about Transcript
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Kansai Nerolac reported strong Q4 FY26 with standalone revenue growth of 7.6% and PBDIT up 21% YoY, driven by improved product mix in both decorative and industrial segments. The full year saw net revenue rise 3.2% (standalone) and 2.9% (consolidated). Management took multiple price hikes in decorative paints starting late March (2% initial, then 5-6% rounds), totaling a high single-digit net increase. Industrial segment benefited from healthy auto demand (double-digit growth) with price increases already granted through negotiations. New businesses and project business now each contribute over 10% of decorative sales. Management flagged West Asia crisis, crude oil surge, and rupee depreciation as key risks. Despite cost inflation, management reiterated confidence in achieving 13-14% EBITDA margin range going forward, citing price hike absorption, inventory cushion, and cost efficiency measures. Demand trajectory has improved since November with no observable volume impact from price increases so far.
Strong Q4 profitability recovery driven by price hikes and mix improvement signals management's ability to protect margins amid cost inflation. The company prioritises profitable growth over market share gain, which should support long-term margin stability. Continued auto demand strength and infrastructure focus provide business visibility.