Kansai Nerolac Paints Limited — Board Meeting, 06-11-2024: Outcome of Board Meeting

Kansai Nerolac Paints Limited reported its Q2 FY2024-25 financial results, with net revenue of Rs. 1,864 Crores, reflecting a 1% year-on-year growth. However, EBITDA declined by 20.3% to Rs. 215 Crores, and PAT fell 27.6% to Rs. 130 Crores due to changing product mix and ongoing investments. The company anticipates improved demand in the second half of the year, particularly in Decorative and Automotive segments, as raw material prices begin to soften.