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Nerolac Paints Q2 Results FY24-25 Highlights: Cons Revenue at ₹1,951 Crores, PAT at ₹120 Crores

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Synopsis:

Kansai Nerolac Paints' consolidated revenue for Q2 FY25 stood at ₹1,951 Crores, while PAT reached ₹120 Crores, marking a decline. Performance coatings and automotive segments showed resilience despite challenges in the decorative segment due to extended monsoons.

Key Highlights / Quick Insights:

  • Revenue: ₹1,951 Crores, a slight decline compared to previous quarters
  • PAT: ₹120 Crores, reflecting a decline in profit margins
  • Half-Year Revenue: ₹4,084 Crores for the first half of FY25 down YoY
  • Half-Year PAT: ₹345 Crores, significantly down compared to ₹909 Crores in the same period last year

KANSAI NEROLAC PAINTS LTD

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Updated - 28 November 2024
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Quarterly - Kansai Nerolac Q2 Results FY24-25

Kansai Nerolac's consolidated revenue for Q2 FY25 was ₹1,951 Crores. While the automotive segment demonstrated growth, the decorative paint segment faced challenges due to prolonged monsoons. PAT stood at ₹120 Crores, marking a decline from the previous year, primarily driven by margin pressure and mix changes.

Segment Highlights

  • Decorative Segment: Weather conditions impacted demand; recovery expected with improved weather.
  • Automotive Segment: Continued growth momentum with support from new initiatives.
  • Performance Coatings: Maintained consistent growth with a strong order pipeline.

Sector Expectations for Kansai Nerolac Q2 Results FY24-25

The results reflect industry-wide challenges and have turned out to be lower than expectations, with Kansai Nerolac showing resilience despite market pressures. Growth in infrastructure, real estate, and automotive sectors is expected to support future performance.

Management Commentary

Managing Director Anuj Jain expressed optimism about the company's diversified growth, with strong contributions from the automotive and performance coatings segments. While challenges persist in the decorative segment, easing raw material prices are expected to bolster future margins.

Detailed Financial Table (Consolidated):

Particulars

Q2 FY25

Q2 FY24

YoY Change

Revenue from Operations

₹1,951 Crores

₹1,957 Crores

Slight Decline

EBITDA

₹233 Crores

₹270 Crores

-13.70%

PAT

₹120 Crores

₹176 Crores

-31.80%

Total Income

₹1,978.07 Crores

₹1,978.56 Crores

Flat

Cost of Materials Consumed

₹1,228.84 Crores

₹1,204.38 Crores

2%

Employee Benefits Expense

₹124.57 Crores

₹108.51 Crores

14.80%

Depreciation and Amortisation

₹48.56 Crores

₹47.39 Crores

2.50%

Other Expenses

₹326.45 Crores

₹314.77 Crores

3.70%

PBT Before Exceptional Items

₹182.77 Crores

₹240.27 Crores

-23.90%

Total Expenses

₹1,795.30 Crores

₹1,738.29 Crores

3.30%

Check out Nerolac Paints’ past performances in previous quarters and financial years.

Conclusion:

Kansai Nerolac Paints' Q2 FY25 consolidated performance highlights challenges in maintaining margins due to a shift in mix and increased expenses. Positive signs in the automotive and performance coatings segments offer optimism for the latter half of the fiscal year.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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