KANSAI NEROLAC PAINTS LTD.

Kansai Nerolac Paints Ltd's Board of Directors has approved significant capacity expansions across its manufacturing plants. The company will add 1,750 KL/month of Industrial Paints at Sayakha, 1,625 KL/month at Bawal, and 900 KL/month at Hosur. Additionally, capacity for Powder Coating will increase by 1,215 MT/month and Industrial Resins by 815 MT/month, both at the Sayakha plant. These expansions, aimed at meeting growing demand in the automotive paint industry and supporting backward integration, will be completed in a phased manner by FY 2028-29 and financed through internal cash accruals. Total investment for these projects amounts to ₹432 Crores.

Kansai Nerolac Paints Limited's Board of Directors has approved significant capacity expansions across its Sayakha, Bawal, and Hosur plants. The company will add 1,750 KL/month for Industrial Paints at Sayakha, 1,625 KL/month at Bawal, and 900 KL/month at Hosur. Additionally, Sayakha plant will see a 1,215 MT/month increase in Powder Coating capacity and an 815 MT/month expansion for Industrial Resins. These expansions, aimed at meeting market demand and supporting growth in the automotive paint industry and backward integration, are planned to be completed by FY 2028-29 and will be financed through internal cash accruals. Total investment for these projects amounts to ₹436 Crores.

Kansai Nerolac Paints Limited announced that its Board of Directors, in a meeting held on August 3, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also submitted the limited review report from its statutory auditors, SR BC & CO LLP, along with the financial results. Arrangements are in place to publish these results in newspapers as per SEBI regulations. The board meeting commenced at 12:20 p.m. and concluded at 3:45 p.m.

Kansai Nerolac Paints Limited announced that its Board of Directors, in a meeting held on August 3, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board meeting commenced at 12:20 p.m. and concluded at 3:45 p.m. The company also submitted the Limited Review Report dated August 3, 2026, issued by its Statutory Auditors. Arrangements have been made for publishing the results in newspapers as per SEBI regulations.

Kansai Nerolac's consolidated revenue came in at ₹2373.59 Cr, up 9.8% YoY (standalone: ₹2299.52 Cr, +10.2% YoY per the company's press release), with consolidated PAT of ₹228.41 Cr, up 5.9% YoY (standalone PAT ₹242.34 Cr, +5.0% YoY). Neither this quarter nor the year-ago quarter carried any exceptional items, so this is a clean, adjustment-free comparison. The sequential PAT jump (+107.9% consolidated, off a seasonally soft ₹109.89 Cr base in Q4 FY26) is a base-effect artifact rather than a trend signal — the YoY read is the one that matters, and on that basis growth is modest, mid-single-digit. Standalone EBITDA was ₹335.89 Cr, up 7.7% YoY per the company's own release, working out to a 14.6% margin — comfortably above the ~10.5-11% Q1 margin band flagged in our pre-result preview, and already running above the top end of management's own 13-14% FY27 guidance range set on the Q4 FY26 call. Against that, EBITDA growth (+7.7%) trailed revenue growth (+10.2%), and consolidated net margin was 9.41%, down 32 bps YoY from 9.73% a year ago — a mild compression that lines up with management's commentary on West Asia-driven raw material inflation and a sharp rupee depreciation during the quarter, only partly offset by price increases taken in the period. Measured against the Street's cautious pre-result framing — a 43-analyst consensus, predominantly Buy, debating whether Kansai could defend margins against Grasim Birla Opus's price-aggressive entry into decorative paints — this quarter reads as a beat: both revenue growth (+9.8-10.2% YoY vs. the ~2-6% expected) and the margin (14.6% vs. ~10.5-11% expected) cleared the bar the Street had set going in. Two overseas subsidiaries posted a combined ₹6.52 Cr net loss for the quarter per the auditors' review report, a modest drag on the consolidated numbers versus standalone, though not large enough on its own to explain the growth gap. The company reports Paints as a single operating segment, so there is no separate segment breakout; management characterised decorative demand as 'good,' automotive demand as 'better than the market,' and performance coatings as registering 'strong growth.' Management's own framing centres on cost pressure: the West Asia situation 'caused supply chain disruption as well as a significant increase in raw material prices,' and the rupee 'depreciated sharply against the dollar,' with price hikes taken to only 'partly offset the impact of severe inflation.' Looking ahead, management expects demand in both segments 'to continue to remain strong,' helped by a later Diwali this year. The open question the Q1 print sets up: having already landed inside — in fact above — its own 13-14% FY27 EBITDA margin band in the seasonally softer first quarter, can Kansai hold that cushion for the rest of the year if raw-material and currency volatility persist as management itself flags.

Kansai Nerolac Paints Ltd has announced the closure of its trading window for designated persons and their immediate relatives from July 1, 2026, to August 5, 2026. This closure is in anticipation of the Board of Directors' meeting scheduled for August 3, 2026, where the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026, will be considered. The company has implemented measures to freeze PAN at the security level for insiders during this period. The general investor trading remains unaffected.

Kansai Nerolac Paints Ltd has announced that its Board of Directors will convene on August 3, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company also informed about the closure of the trading window for designated persons and their immediate relatives from July 1, 2026, to August 5, 2026, inclusive, in compliance with SEBI PIT Regulations. The trading window remains open for general investors.

Kansai Nerolac Paints Ltd has issued a notice for its 106th Annual General Meeting (AGM) scheduled for Thursday, July 9, 2026, at 11 a.m. IST. The meeting will be conducted entirely through video conferencing (VC) or other audio-visual means (OAVM), in compliance with SEBI Listing Regulations and MCA circulars. Shareholders will receive the Annual Report and AGM notice via email, with physical communication sent to those without registered email addresses. The agenda includes adoption of financial statements, declaration of a ₹2.50 per equity share dividend, re-appointment of a director, and ratification of the Cost Auditor's remuneration for FY 2026-27.

Kansai Nerolac Paints Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as mandated by SEBI regulations. The report details the company's operations, employee data, and market reach. It is prepared on a standalone basis and has received limited assurance from Aneja Assurance Private Limited. The company's core business activity is the manufacturing and supply of paints, varnishes, enamels, and lacquers, contributing 100% to its turnover. The report also outlines the company's national presence with 10 plants and 121 offices, and its diverse customer base across various segments.

Kansai Nerolac Paints Ltd has released its Annual Report for the financial year 2025-26, along with the Notice for its 106th Annual General Meeting (AGM). The AGM is scheduled for July 9, 2026, and will be conducted via video conferencing. The report includes audited financial statements, proposed dividend of ₹2.50 per share, director re-appointment, and ratification of cost auditor remuneration. The Annual Report is available on the company's website and has been dispatched to shareholders.