This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has at the Board Meeting held today i.e. on Wednesday, 6th May, 2026, inter alia considered and approved ....
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Kansai Nerolac Paints reported audited standalone FY2026 revenue of Rs. 7,739.23 Crores, up 3.2% from Rs. 7,496.71 Crores in FY2025. However, Profit After Tax declined significantly to Rs. 619.85 Crores from Rs. 1,021.24 Crores in the previous year, a drop of about 39%. The decline is partly attributed to exceptional items including Rs. 44.72 Crores in additional employee costs due to the new Wage Code implementation, Rs. 10.22 Crores loss from a fire incident at Ghaziabad warehouse, and impairment provisions for subsidiaries. Last year's profits were inflated by a one-time gain of Rs. 665.44 Crores from sale of investment property. The Board recommended a dividend of 250% (Rs. 2.50 per share) compared to 375% (including special dividend) last year. Statutory auditors SRBC & CO LLP issued an unmodified (clean) opinion on the financial statements.
The sharp decline in profitability despite modest revenue growth is a concern for shareholders. The reduced dividend payout reflects lower profits. The clean audit opinion provides assurance on financial reporting accuracy, but investors should note the exceptional items that impacted earnings.