Kansai Nerolac Paints: On radar

 

  • Kansai Nerolac Paints: On radar
  • For the year net revenue was Rs. 7393 Crores, growth of 4.4 % over the same period of the previous year. 
  • EBIDTA was at Rs. 1023 Crores, a growth of 28.8 % over the same period of the previous year. 
  • PBT before exceptional items was at Rs. 924 Crores, a growth of 42 % over the same period of the previous year.
  • The initiatives in the areas such as feet-on-street, digital, influencer outreach, new product launches, approvals, and projects are yielding results for the company. 
  • Going forward, the forecast of a good monsoon should augur well for paint industry
  • The size of domestic paint industry is estimated at around Rs. 75000 crores as of March 2024. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run. 
  • Mostly the profit was made of land sale and not because of business

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