EBITDA was at Rs. 247.28 Crores, a growth of 0.2% over the same quarter of the previous year. PBT (Before Exceptional Items) was at Rs. 219.71 Crores, a de-growth of 3.7% over the same period of the previous year. PAT (After Exceptional Items) was at Rs 131.20 Crores.
For the nine months, net revenue was Rs. 5865.79 Crores, a growth of 1.9% over the same period of the previous year. EBITDA was at Rs.771.10 Crores, a de-growth of 3.2% over the same period of the previous year. PBT (Before Exceptional Items) was at Rs. 714.18 Crores, a 4.0% decline over the same period last year. PAT (After Exceptional Items) was at Rs 498.99 Crores.
Commenting on the results, Mr. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints Ltd said, “Industrial coatings registered strong growth during the quarter led by Automotive. The positive effect of the rate cuts in GST done towards the end of September has led to good demand across various OEM categories. In Decorative, while overall demand conditions remained subdued in addition to a shorter festival season, the internal initiatives of the company have helped register good growth in Projects, Distribution, water proofing and Construction Chemicals.
Raw Material prices have been stable though the quarter saw a lot of volatility in forex and geo-political uncertainty.
Looking forward, the growth momentum is expected to be maintained in Automotive and Performance Coatings. The recovery in Decorative will continue to be gradual. “
Outlook of Indian Paint Industry:
The size of the domestic paint industry is estimated at around Rs. 77500 crores as of March 2025. 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 industry in the long run.
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