Mumbai, November 4, 2026: Kansai Nerolac Paints Limited, one of India’s leading paint companies and a leader in industrial coatings, today announced its unaudited financial results for the quarter and half-year ended September 30, 2026.
For the quarter, revenue from operations stood at ₹ 2268.77 crore, representing year-on-year growth of 18.9%. EBITDA was ₹ 223.23 crore, an increase of 4.9% over the corresponding quarter of the previous year, while profit before tax was ₹ 191.88 crore, representing growth of 4.3%.
For the half year, revenue from operations stood at ₹ 4601.60 crore, representing year-on-year growth of 14.2%. EBITDA was ₹ 553.11 crore, an increase of 5.8%, while profit before tax was ₹ 510.41 crore, representing growth of 4.0% over the corresponding period of the previous year.
Commenting on the results, Mr. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints Ltd said, “We delivered healthy revenue growth during the quarter, supported by good momentum across both Decorative and Industrial businesses. The Industrial business maintained strong momentum across key segments, benefiting from our established customer relationships, technology capabilities and diversified portfolio.
In Decorative, our focus remains on pursuing growth with profitability. We continued to strengthen our position in attractive adjacencies, including construction chemicals, waterproofing, wood finishes and projects, while maintaining disciplined market execution.
Raw-material and foreign-exchange volatility continued to exert pressure on input costs. We have taken calibrated pricing actions to partly mitigate the impact and are intensifying our efforts on product mix, formulation optimisation, sourcing efficiencies and cost management. These initiatives remain important for progressively improving the quality and sustainability of earnings.
Looking ahead, we expect demand conditions to remain supportive across both Decorative and Industrial businesses, aided by the festive season and underlying activity in automotive, infrastructure, real estate and core industrial sectors. At the same time, we remain watchful of geopolitical uncertainty, commodity prices and currency movements.
Our priorities remain clear: deliver sustainable growth, strengthen margins through disciplined execution, expand in attractive segments and continue investing in innovation, brand, distribution and customer service.”
Outlook of Indian Paint Industry:
Demand for paints and coatings is expected to benefit
over the medium- to long-term from urbanisation, housing and real estate
activity, infrastructure investment, automobile production, and growth across
core industries. Near-term demand is expected to remain competitive, while commodity
price and foreign exchange volatility may continue to influence input costs.
Kansai Nerolac Paints remains focused on leveraging
its leadership in Industrial coatings, strengthening its Decorative business,
expanding in attractive adjacencies and improving operational efficiency to
deliver sustainable and profitable growth.