Kansai Nerolac Paints Limited — Investor Meet, 05-03-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kansai Nerolac management indicates competitive intensity in decorative paints is stabilizing, with growth recovery visible since October. The company is confident in its industrial coatings business, expanding into construction chemicals via acquisitions. A healthy automotive market outlook is supported by capacity expansion, larger vehicles, and exports. The company aims for a 200 bps margin improvement through operational efficiency and premiumization, with current EBITDA margin around 30%. Strategy involves focusing on strong decorative markets and aggressive growth in liquid industrial coatings, leveraging infrastructure spending. Management expresses a confident outlook on its balanced portfolio and continued potential across all segments.