We are enclosing herewith the transcript of the Conference Call held on 6th May, 2026, for your information and reference.

Kansai Nerolac reported Q4 FY26 standalone revenue growth of 7.6% with PBDIT up 21% and PBT up 12.8%. For the full year, standalone net revenue grew 3.2% while PBT declined 0.9%. The company took multiple price increases in decorative paints starting March (2%) followed by 5-6% increments, totaling higher single-digit increase. Industrial segment saw double-digit auto growth but single-digit overall growth due to focus on premium/profitable mix. New businesses and project business each contribute over 10% of sales. Management maintained its 13-14% margin guidance for FY27, noting current price hikes should be sufficient if crude stabilizes around $100. Key risks include West Asia crisis causing supply disruptions, crude oil surge, and rupee depreciation. Demand visibility remains cautious but the company sees green shoots from last 5 months trend.