EBITDA for the quarter declined 7.3% to ₹166 crore, compared to ₹179 crore in Q4 FY24. EBITDA margin slipped to 9.1% from 10.1% a year ago.
For the full financial year, Kansai Nerolac reported revenue of ₹7,496.7 crore, up 1.4% from the previous year. However, EBITDA declined 4.8% to ₹974.1 crore, while profit before tax (PBT) before exceptional items fell 1.7% to ₹907.4 crore.
The board recommended a total dividend of ₹3.75 per share, including a special dividend of ₹1.25 per share—unchanged from the previous year.
Commenting on the results, Managing Director, Pravin Chaudhari said, “In Decorative, Paint+, Construction Chemicals, Wood Finishes and Projects segments continued to perform well. We saw a gradual recovery in decorative demand, despite tight liquidity and lower discretionary spending.”
He added that the automotive and performance coatings segments delivered robust growth, backed by a strong order pipeline and strategic initiatives.
“Raw material costs were benign during the quarter, but forex volatility impacted margins,” he noted. Looking ahead, Chaudhari expressed optimism: “The forecast of a good monsoon should augur well for the paint industry.”
With India’s paint market pegged at ₹75,000 crore as of March 2024, infrastructure growth, real estate activity, and rising automobile demand are expected to drive industry expansion in the long run.
