ICICI Securities: Kansai Nerolac’s Strong Recovery In Decorative, Automotive, Industrial Segments To Follow In H2
Paint color samples molded into car figurines stand on display. (Photographer Luke Macgregor/Bloomberg)

ICICI Securities: Kansai Nerolac’s Strong Recovery In Decorative, Automotive, Industrial Segments To Follow In H2

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.

ICICI Securities Report

Three highlights of Kansai Nerolac Paints Ltd.’s Q2 FY21 results:

  1. In-spite of lower revenue salience of ancillary products, decoratives business reported 15% volume growth.
  2. The company has continued its investments even in these tough times and has expanded dealer count by 4-5% and has also launched an anti-viral paint.
  3. There is month-on-month recovery visible in automotive, industrial as well as projects business.

Similar to the peers, the company has reported higher growth in tier-two and three cities.

Click on the attachment to read the full report:

ICICI Securities Kansai Nerolac Paints Q2FY21 Results Update.pdf

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