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Kansai Nerolac Paints held a conference call on 07 February 2025 to discuss the results for the quarter ended December 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 Q3 FY25, the holding company sold land and building in Lower Parel, Mumbai to Aethon Developers for Rs 726 crore. The profit of Rs 665 crore has been included as an exceptional item. Additionally, exceptional items also include provisions for impairment in subsidiaries, totaling Rs 36 crore, due to changes in market conditions.

• Demand for decorative was impacted in Q3 FY25 due to higher inflation, leading to lower spends on discretionary products and tight liquidity. Current mix of rural market in decorative business is around 30-35%.

• The company added 20 new products to its decorative pain...
  
  
  
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