Revenue rose 1.4% to ₹2,162 crore, while EBITDA fell 8.5% to ₹303 crore. Operating margin narrowed to 14% from 15.5% a year earlier, the company said in a regulatory filing.
Kansai Nerolac, one of India’s largest decorative and industrial paint manufacturers, supplies coatings to the automotive, powder coating, and general industrial sectors.
Shares of Kansai Nerolac ended 2.43% lower at ₹243.97 on the National Stock Exchange, underperforming the Nifty 50 index, which rose 0.64% on the day. The stock has declined 17.99% over the past 12 months and is down 7.45% year-to-date.
According to Bloomberg data, 9 out of 18 analysts tracking the stock have a “buy” rating, 4 recommend “hold,” and 5 suggest “sell.” The average 12-month target price implies modest upside from current levels.
