ICICI Direct: Kansai Nerolac’s Decorative Paints Segment Drives Q2 Performance
Open tins of red paint pass along the production line at a paint and coatings factory. (Photographer Jasper Juinen/Bloomberg)

ICICI Direct: Kansai Nerolac’s Decorative Paints Segment Drives Q2 Performance

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ICICI Direct Report

Kansai Nerolac Paints Ltd. reported a strong performance with approximately 15% YoY growth in decorative paint volumes in Q2 FY21.

The strong volume growth is attributable to intact demand from semi urban and rural regions along with continuous dealer additions (grew 4-5% in Q2 FTY21).

Further, demand for premium range of emulsions witnessed a strong recovery with the opening up of metro and tier one regions.

The decorative segment value growth at 7% YoY was largely led by a change in product mix and dealer discount policies.

Click on the attachment to read the full report:

ICICI Direct Kansai Nerolac Q2FY21 Result Update.pdf

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