Kansai Nerolac Paints Limited — Important, 06-11-2024: Financial Result Updates

Kansai Nerolac Paints Limited reported its Q2 financial results, revealing a net revenue of Rs. 1864 crores, a 1% increase year-on-year. However, EBITDA declined by 20.3% to Rs. 215 crores, and PAT fell 27.6% to Rs. 130 crores, mainly due to changing product mix and investments. The company announced the appointment of Uday Shirish Bhansali as an Independent Director and allotted 9,114 equity shares. Shareholders will soon review these changes.