Kansai Nerolac Paints Ltd.'s bottom line reduced 4% in the first quarter of fiscal 2026, according to an exchange filing on Monday.
The paint company's revenue was up 1% at Rs 2,162 crore compared to Rs 2,133 crore in the year-ago period.
Kansai Nerolac Paints Q1 Highlights (Consolidated, YoY)
Revenue up 1.4% to Rs 2,162.03 crore versus Rs 2,133.08 crore
Net Profit down 4% to Rs 220.91 crore versus Rs 230.83 crore
Ebitda down 8% to Rs 303.17 crore versus Rs 329.63 crore
Margin at 14.0% versus 15.5%
Shares of Kansai Nerolac closed 2.43% lower at Rs 243.97 apiece on the NSE, compared to a 0.64% rise in the benchmark Nifty. The stock has fallen 17.99% in the last 12 months and 7.45% on a year-to-date basis.
Out of 18 analysts tracking the company, nine have a 'buy' rating on the stock, four recommend 'hold' and five suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 15.7 %.
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