Kansai Nerolac Paints Limited has informed the Exchange about Investor Presentation
KANSAINER · price
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Kansai Nerolac Paints shared its Q2 FY26 investor presentation alongside the results call. Standalone net revenue was nearly flat at Rs. 1,871 crore (up 0.4%), while H1 revenue rose 1.1% to Rs. 3,958 crore. Profitability was under pressure — standalone Q2 PBT fell 4% to Rs. 184 crore and H1 PBDIT margins compressed from 14.0% to 13.2% as operating expenses rose. On the decorative side, the premium Paint+ range improved by 240 basis points, 2,500+ dealers were added in H1, and construction chemicals and waterproofing posted double-digit growth. In industrial, auto saw lower single-digit growth with GST 2.0 providing demand push towards quarter-end, though white goods were hit by unseasonal rains.
Flat top-line with shrinking margins points to a challenging quarter, though management is betting on GST cuts, infrastructure spending and festive demand to revive growth in H2. Near-term stock reaction may stay subdued given weak profitability, with the outlook largely hinging on consumption and auto demand recovery.