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Kansai Nerolac Paints held a conference call on 08 May 2024 to discuss the results for the quarter ended March 24 and way forward. Mr. Anuj Jain, Managing Director, Mr. Prashant Pai, Director Finance & CFO and Mr. Jason Gonsalves, Director – Corporate Planning, IT & Materials of the company addressed the call.

Highlights of the Concall

• Decorative paints volume grew in double-digits in Q4FY24 led by ongoing growth initiatives. Tier 3 and tier 4 markets (rural) demand conditions have shown some recovery which is more evidenced in the industrial compared to decorative paints, but continued to lag tier 1 and tier 2 markets (urban markets).

• Industrial segment growth slightly moderated given some reduced activity in the election period.

• Decorative-industrial segments contribution to topline stood at about 55-45 (probably slightly changed, with better growth in industrial paints over the past year)

• Automotive demand was good d...
  
  
  
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