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Kansai Nerolac Paints posted a slight uptick in Q2 consolidated net revenue to ₹1,954.2 Cr (+0.1% YoY) and H1 revenue of ₹4,116.2 Cr (+0.8% YoY). Profitability saw better growth with Q2 PAT at ₹133.3 Cr (+11.3% YoY) and H1 PAT at ₹348.9 Cr (+1.2% YoY). The Decorative business saw Paint+ performance improve and strong growth in construction chemicals and projects. Industrial segments benefited from robust demand in Powder coatings and Automotive Premium PU.
The company's strategy focuses on innovation, launching 4 new decorative products in H1 and expanding its dealer network by over 2500. They are leveraging new technologies in product development and aiming to grow their market share in industrial coatings, alongside strong ESG commitments.
Management is optimistic about H2, anticipating sustained momentum in construction and buoyant automotive demand, with infrastructure growth further driving high-end coatings. Key risks include geopolitical tensions impacting commodity prices and currency fluctuations.