Kansai Nerolac Q4 Review - Raw Material Cost, Lockdown Near Term Headwinds: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
We cut our FY22/23 earnings per share estimates of Kansai Nerolac Paints Ltd. by 22.7%/5.1% mainly due to twin impacts of-
1. Lower gross margins due to 13-14% input cost inflation and
2. Demand impact due to localized lockdowns and wide spread impact of Covid 19 in Q1 FY22.
The company continues to strive for higher growth in economy segments of paints, construction chemical and adhesives and new non-Japanese customer addition in auto, however Covid-19 will delay recovery by one to two quarters.
Click on the attachment to read the full report:
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.