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Kansai Nerolac Paints held a conference call on 11 November 2024 to discuss the results for the quarter ended September 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

• Overall demand in Decorative was affected due to heavy and extended monsoons. The company expect a demand to improve in the second half led by good monsoon.

• Automotive demand moderated in Q2 but the company witnessed good growth on the back of several initiatives and it expect this momentum to be maintained. It increased its market share in automotive in October.

• Performance coating has also done well and is expected to remain strong on the back of a good order pipeline

• Raw material prices initially showed an inflationary trend but as the quarter progressed, raw material prices ha...
  
  
  
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