Kansai Nerolac Paints Limited — Investor Meet, 08-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kansai Nerolac's Q1 FY26 saw standalone revenue up 1.8%, but consolidated EBITDA dropped 8% due to Bangladesh losses. Decorative volumes were flat. Management expects Q2 sales to improve, aided by an earlier Diwali. They target FY26 margins at 13-14%, up from 12.8%, driven by premium industrial products. The company noted some dealers are returning from competitors, citing better ROI. Focus remains on stronger markets and expanding product offerings like Paint+. The outlook is cautiously confident on Q2 and full-year margin improvement.