BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Kansai Nerolac Paints Ltd. result was below our estimates due to higher than expected raw material cost pressure.
Business recovery remained strong driven by resilient volume growth and price hikes (driven by input cost pressure).
In the international market; the company improved operating profit margins in Nepal and Bangladesh while reduced Ebitda loss in Srilanka during FY21.
Raw material cost inflation remained a major concern.
However, the company has been able to take price hike in decorative (by 2.5%) and industrial coatings (by 3-4%) businesses to offset inflation.
Management expects the raw material cost to subside due to tepid demand.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR