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Kansai Nerolac Paints held a conference call on 31 July 2024 to discuss the results for the quarter ended June 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

• In Industrial segment, there was a good demand in automotive coatings; especially the passenger vehicle witnessed decent demand while two-wheeler actually witnessed a strong growth. In last few years, 2-wheeler was not doing so well. But from Q3FY24, two-wheeler picked up, and that trend continued.

• The Performance Coating, which is a non-auto segment, and dependent on infrastructure growth witnessed subdued demand due to elections in this quarter but picked up in June '24.

• In Decorative, overall demand was muted due to unprecedented heat wave and elections. However, during the quarter, new business,...
  
  
  
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