Kansai Nerolac Paints Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
KANSAINER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.4 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kansai Nerolac Paints reported its Q2 FY26 results on November 3, 2025, with the auditor issuing an unqualified review opinion. Standalone revenue from operations came in at Rs. 1,871.02 crore, up marginally by 0.4% year-on-year, while EBITDA stood at Rs. 211.85 crore, a 1.5% decline versus Q2 FY25. Profit before tax was Rs. 184.39 crore, down 4.0%, though profit after tax actually rose to Rs. 136.94 crore from Rs. 130.16 crore last year, aided by lower tax. For the first half of FY26, revenue grew 1.1% to Rs. 3,958.44 crore but EBITDA fell 4.7% to Rs. 523.82 crore and PBT declined 4.1%. Consolidated Q2 revenue was Rs. 1,954.18 crore with PAT of Rs. 133.31 crore. Management noted weakness in the Decorative paints segment due to extended monsoons and a shorter Diwali season, while Automotive and Performance Coatings segments performed well. The board also approved a scheme to merge wholly owned subsidiary Nerofix Private Limited into the company, pending NCLT approval.
Mixed quarter for shareholders: top-line growth was nearly flat and margins shrank, suggesting cost pressures or unfavorable mix even as profits held up due to tax benefits. Near-term sentiment may be cautious given the decorative segment softness, though the strong auto and industrial coating performance and benign raw material outlook provide some support. The proposed Nerofix merger is housekeeping and should not materially affect valuations.