Q2FY22 Quarterly Result Announced for Kansai Nerolac Paints Ltd.
Highlights: Net revenue of Rs.1521 Crores, a growth of 16.2% over the corresponding quarter of the previous year. EBIDTA was at Rs.165 Crores, a de-growth of 37.3% over the same quarter of the previous year. PAT was at Rs 99 Crores, a de-growth of 38.1% over the same quarter of the previous year. For the half year net revenue was Rs 2842 Crores, growth of 48.3% over the same period of the previous year. EBIDTA was at Rs.354 Crores, a growth of 3.3% over the same period of the previous year. PAT was at Rs 217 Crores, a growth of 9.0% over the same period of the previous year. Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “The quarter witnessed good demand in Decorative. Automotive production was hampered due to the unavailability of semiconductor chips. Inflationary trend has further intensified during the quarter and has reached unprecedented levels. Inflation is more severe in Industrial. Numerous force majeures across the globe have created supply chain issues. Forex markets continued to be volatile. Given the circumstances, the effort of the company has been to strike a balance between topline and bottom-line. Keeping in mind the sentiments in the market, the company has been able to partly pass on the inflationary effect in both Decorative and Industrial. Sustained efforts continue to obtain further price increases to offset the impact of inflation. The company focused on selling a better product mix as well as aggressive cost controls along with judicious management of overheads. Looking forward, factors like good monsoon, buoyancy of the economy on account of containment of COVID due to the vaccination program should keep demand healthy.” Result PDF25-10-2021