Kansai Nerolac Paints Ltd (BOM:500165)

Q2 2026 Kansai Nerolac Paints Ltd Earnings Call Transcript

Nov 3, 2025 / 05:00 AM GMT

Release Date Price: ₹248.55 (-0.20%)

Transcript

Key Points

Positve

Kansai Nerolac Paints Ltd (BOM:500165) reported a double-digit growth in the project segment and added over 25,000 dealers in the first half of the fiscal year.
The company introduced several innovative products, including Beauty Gold Washable and new offerings in the construction and waterproofing segments, enhancing its product portfolio.
Kansai Nerolac Paints Ltd (BOM:500165) maintained strong brand and marketing investments, revamping its iconic brand jingle to resonate with modern consumers.
The company witnessed strong growth in construction chemicals, waterproofing, and premium finishes, contributing to its decorative business.
Kansai Nerolac Paints Ltd (BOM:500165) has a robust R&D capability and strategic technology partnerships, particularly in the industrial segment, which provides a competitive edge.

Negative

The company's net revenue growth was minimal, with a 0.4% increase in Q2 and a 1.1% increase in H1, indicating sluggish overall growth.
PBDIT and PBT declined by 1.5% and 4% respectively in Q2, reflecting pressure on profitability.
Geopolitical tensions and the depreciation of the INR pose risks to the company's margins, particularly affecting import-dependent segments.
The decorative business experienced slightly negative value growth, with volume and value growth being almost similar, indicating challenges in this segment.
The company faces intense competition in the decorative segment, which could impact its market share and profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KANE.NS - Kansai Nerolac Paints Ltd
Q2 2026 Kansai Nerolac Paints Ltd Earnings Call
Nov 04, 2025 / 05:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Kansai Naro due to an H1FY26 earnings conference call hosted by ICICI Securities Limited.

As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Anita Joshi from ICIC Securities Limited.

Thank you and over to you, sir.

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Unidentified_2 [2]
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