Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India at the Board meeting announced its audited results for the fourth quarter of the financial year 2024-25. For the quarter, the company declared Net revenue of Rs. 1740.4 Crores, a growth of 4.7 % over the corresponding quarter of the previous year.
EBIDTA was at Rs. 177.8 Crores, a de-growth of 0.7 % over the same quarter of the previous year. PBT before exception items was at Rs 163.8 Crores, a growth of 1.0 % over the same quarter of the previous year.
For the year, net revenue was Rs. 7496.7 Crores, growth of 1.4 % over the same period of the previous year. EBIDTA was at Rs. 974.1 Crores, a de-growth of 4.8% over the same period of the previous year. PBT before exceptional items was at Rs. 907.4 Crores, a de-growth of 1.7 % over the same period of the previous year.
The Board has recommended a total dividend of 375 % (? 3.75 per share) including special dividend of 125% (? 1.25 per share) for the financial year ended March 31, 2025, as compared to total dividend of 375 % (? 3.75 per share) last year.
Commenting on the results, Mr. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints Ltd said, “During the quarter, In Decorative, the growth drivers of Paint+, Construction Chemicals, Wood finishes and Projects continued to do well. There is a gradual recovery seen in overall demand for Decorative as compared to the previous quarter, though the category continued to see tight liquidity and lower spending on discretionary items.
The demand for Automotive continued to be better than the market, based on various initiatives. Performance Coatings also continued to register strong growth on the basis of a strong order pipeline.
The various initiatives launched by the company over the past 3 years continue to yield results for the company.
During the quarter, raw material cost was benign, however forex continued to be volatile.
Going forward, the forecast of a good monsoon should augur well for paint industry.”
Outlook of Indian 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.
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