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Buy Kansai Nerolac Paints Ltd For Target Rs.372 By Religare Broking Ltd Steady topline growth: Kansai Nerolac Q1FY25 revenue grew by 20.6% YoY but declined by 1.1% QoQ to Rs 2,133.1cr due to strong demand from Automotive Coatings. Demand for Decorative was muted due to unprecedented heat wave, labor shortages and elections. Looking forward, management anticipates with a favourable monsoon demand should improve for decorative. Given the continued thrust on infrastructure growth, new project and order pipeline will improve the demand for performance coatings. Ma...
Buy Kansai Nerolac Paints Ltd For Target Rs.372 By Religare Broking Ltd
Buy Kansai Nerolac Paints Ltd For Target Rs.372 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-08-07 12:41:09 pm
Buy Kansai Nerolac Paints Ltd For Target Rs.355 By Geojit Financial Services Ltd Better product mix will colour the margins... Kansai Nerolac Paints Ltd (KNPL) is the market leader in industrial paints and the third largest decorative paint company in India. *  In Q1FY25, revenue de-grew by –1.1% due to muted decorative demand on account of heatwaves and election. The decorative volumes grew by mid single digit and expects to grow in high single digit in FY25. * Gross margin improved by 155bps YoY to 36.8% aided by benign input prices and a better pro...
Buy Kansai Nerolac Paints Ltd For Target Rs.355 By Geojit Financial Services Ltd
Buy Kansai Nerolac Paints Ltd For Target Rs.355 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-06 03:16:24 pm
Buy Kansai Nerolac Paints Ltd For Target Rs. 355 By Geojit Financial Services Ltd Better product mix will colour the margins... Kansai Nerolac Paints Ltd (KNPL) is the market leader in industrial paints and the third largest decorative paint company in India. * In Q1FY25, revenue de-grew by –1.1% due to muted decorative demand on account of heatwaves and election. The decorative volumes grew by mid single digit and expects to grow in high single digit in FY25. * Gross margin improved by 155bps YoY to 36.8% aided by benign input prices and a better product m...
Buy Kansai Nerolac Paints Ltd For Target Rs. 355 By Geojit Financial Services Ltd
Buy Kansai Nerolac Paints Ltd For Target Rs. 355 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-08-06 12:40:48 pm
India's Kansai Nerolac Q1 adjusted profit rises on automotive demand India's Kansai Nerolac Paints posted a 4% year-on-year rise in first-quarter adjusted profit on Monday, aided by continued demand for automotive coatings. The company, owned by Japan's Kansai Paint Co, said its consolidated profit before exceptional items and tax in the quarter ended June 30 rose to 3.08 billion rupees ($36.8 million) from 2.95 billion rupees a year ago. The company, in the corresponding quarter a year ago, had reported an exceptional receipt of 6.61 billion rup...
India's Kansai Nerolac Q1 adjusted profit rises on automotive demand
India's Kansai Nerolac Q1 adjusted profit rises on automotive demand
Source: Reuters
2024-07-29 05:35:00 pm
Buy Kansai Nerolac Paints Ltd For Target Rs.395 - Religare Broking Ltd Mixed topline for the quarter: Kansai Nerolac Q4FY24 revenue grew by 2.1% YoY but declined by 7.8% QoQ to Rs 1,769.4cr. Decorative business has delivered double digit volume growth however slower pickup in rural and mixed industrial segment performance impacted the topline to certain extent. For FY24, its revenue increased by 3.4% YoY to Rs 7,801.4cr driven by a mix of both decorative & industrial segments. Margins improved YoY but remain subdued sequentially: Its gross profit improved...
Buy Kansai Nerolac Paints Ltd For Target Rs.395 - Religare Broking Ltd
Buy Kansai Nerolac Paints Ltd For Target Rs.395 - Religare Broking Ltd
Source: Religare Broking
2024-05-18 01:55:49 pm
Buy Kansai Nerolac Paints Ltd. For Target Rs.395 By Religare Broking Mixed numbers but decent outlook ahead Mixed topline for the quarter: Kansai Nerolac Q4FY24 revenue grew by 2.1% YoY but declined by 7.8% QoQ to Rs 1,769.4cr. Decorative business has delivered double digit volume growth however slower pickup in rural and mixed industrial segment performance impacted the topline to certain extent. For FY24, its revenue increased by 3.4% YoY to Rs 7,801.4cr driven by a mix of both decorative & industrial segments. Margins improved YoY but remain subdu...
Buy Kansai Nerolac Paints Ltd. For Target Rs.395 By Religare Broking
Buy Kansai Nerolac Paints Ltd. For Target Rs.395 By Religare Broking
Source: Religare Broking Ltd
2024-05-16 09:17:10 am
India`s Kansai Nerolac reports higher profit for fifth straight quarter India's Kansai Nerolac Paints reported a higher profit for the fifth straight quarter on Saturday, aided by sustained demand from decorative and industrial coatings. WHY IT'S IMPORTANT Growing activity in India's real estate sector has stoked demand for decorative home paints and benefited companies including Kansai Nerolac. Prices of crude - which accounts for roughly one-third of paintmakers' costs - have eased from their 2022-highs, but were still higher year-on-ye...
India`s Kansai Nerolac reports higher profit for fifth straight quarter
India`s Kansai Nerolac reports higher profit for fifth straight quarter
Source: Reuters
2024-05-05 10:35:34 am
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years Grasim Industries launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years. The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The forecast implies it expects to recoup its investment in the form of revenue by 2027. The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, co...
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years
India`s Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years
Source: Reuters
2024-02-22 05:14:32 pm
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd Developing market dynamics key to growth re-rating Quick Pointers: * Volume grew ~9% YoY, decorative volumes grew in double digits led by festive season, PV, 2W revival and coatings also did well * High-single digit volume expected in FY25 with increased salience of NPD We cut our EPS estimates by 1.5%/4.6%/0.4% for FY24/FY25/FY26 given 1) 14% margin guidance for FY24 2) limited scope of margin improvement since price hikes are not expected in near to medium term along with increa...
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd
Hold Kansai Nerolac Paints Ltd For Target Rs. 341 - Prabhudas Lilladher Pvt. Ltd
Source: Prabhudas Liladhar
2024-02-07 02:33:56 pm
Dulux paint-maker Akzo Nobel India`s Q3 profit climbs on strong demand Akzo Nobel India, which houses the Dulux paint brand, reported a higher third-quarter profit on Tuesday, aided by strong demand for decorative paints. The company's consolidated net profit rose almost 17% year-on-year to 1.14 billion rupees ($13.7 million) in the quarter. For further earnings highlights, click KEY CONTEXT Indian paintmakers have benefited from growing real estate activity and easing prices of crude, a key raw material that accounts for about a third of input c...
Dulux paint-maker Akzo Nobel India`s Q3 profit climbs on strong demand
Dulux paint-maker Akzo Nobel India`s Q3 profit climbs on strong demand
Source: Reuters
2024-02-06 03:01:56 pm
India`s Kansai Nerolac posts higher profit for fourth straight quarter  India's Kansai Nerolac Paints reported a bigger profit for the fourth consecutive quarter on Monday, boosted by strong demand for decorative and industrial coatings. The company, owned by Japan's Kansai Paint Co, said consolidated net profit rose 40% year-over-year to 1.54 billion rupees ($18.5 million) in the third quarter. Revenue from operations rose 5% to 19.19 billion rupees. For further earnings highlights, click KEY CONTEXT Paintmakers have benefited from g...
India`s Kansai Nerolac posts higher profit for fourth straight quarter
India`s Kansai Nerolac posts higher profit for fourth straight quarter
Source: Reuters
2024-02-05 04:22:23 pm
India`s Kansai Nerolac posts Q2 profit rise on lower expenses Indian paintmaker Kansai Nerolac reported a rise in second-quarter profit on Wednesday as a drop in raw material costs more than made up for slowing revenue growth. The company, owned by Japan's Kansai Paint Co, said its consolidated net profit rose 56% to 1.77 billion rupees ($21.26 million) for the three months ended Sept. 30. Revenue from operations rose 1.3% to 19.57 billion rupees, while the cost of raw materials fell more than 8%. For further results highlights, click [FWN3...
India`s Kansai Nerolac posts Q2 profit rise on lower expenses
India`s Kansai Nerolac posts Q2 profit rise on lower expenses
Source: Reuters
2023-11-02 10:49:25 am
Kansai Nerolac Paints trades higher on the BSE Kansai Nerolac Paints is currently trading at Rs. 325.80, up by 1.30 points or 0.40% from its previous closing of Rs. 324.50 on the BSE.The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 330.40 and Rs. 324.00 respectively. So far 8957 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 354.00 on 03-Aug-2023 and a 52 week low of Rs. 247.47 on 24-Apr-2023.Last one week high and low of the scrip stood at Rs. 333.95 and...
Kansai Nerolac Paints trades higher on the BSE
Kansai Nerolac Paints trades higher on the BSE
Source: Accord Fintech
2023-09-26 12:21:45 pm