Kansai Nerolac Paints Q1 profit rises 5% as demand remains strong; plans ₹601 crore expansion
Author: CNBC-TV18 Markets·
Key Takeaways
- •Revenue rose 9.8% in the June quarter on strong demand across decorative and industrial segments.
- •Higher raw material costs and rupee depreciation weighed on quarterly performance.
- •The company announced expansion projects to increase industrial paint capacity.
- •Total planned investment for the expansion is ₹601 crore.
Kansai Nerolac Paints Q1 profit rises 5% as demand remains strong; plans ₹601 crore expansion
Kansai Nerolac Paints reported a 9.8% rise in revenue in the June quarter, supported by strong demand across its decorative and industrial segments. The result highlights how volume growth and product demand can still support sales even when input costs move higher.
The company said higher raw material costs and rupee depreciation weighed on performance during the quarter, underscoring a common pressure point for paint makers that depend on imported inputs and exposed supply chains. It also announced expansion projects aimed at increasing industrial paint capacity, with a total planned investment of ₹601 crore, a move that adds manufacturing scale for a segment tied to broader industrial activity.