Mumbai: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today, at the Board meeting, announced its unaudited results for the first quarter of financial year 2026-27. For the quarter, the company declared Net revenue of Rs.2299.52 Crores, a growth of 10.2% over the corresponding quarter of the previous year.

EBITDA was at Rs. 335.89 Crores, a growth of 7.7% over the same quarter of the previous year. PBT was at Rs 325.75 Crores, a growth of 5.1% over the same quarter of the previous year.

Commenting on the results, Mr. Pravin Chaudhari, Managing Director, Kansai Nerolac Paints Ltd said, “During the quarter, demand in both Decorative and Industrial has been healthy despite the prevailing geo-political situation. Demand was further helped due to late arrival of monsoon.

In Decorative, demand for KNP was good. In Automotive, demand for KNP continued to be better than the market, on the back of various initiatives. Performance coatings registered strong growth.

The West Asia geo-political situation caused supply chain disruption as well as a significant increase in raw material prices, coupled with uncertainty of supply starting from March. The rupee depreciated sharply against the dollar. While the situation has improved from the middle of the first quarter, uncertainty in the environment due to geo-political factors prevails, and we remain watchful. KNP has taken price increases in this period to partly offset the impact of severe inflation.

Looking ahead, we anticipate that demand in both market segments will continue to remain strong despite an erratic monsoon and prevailing geo-political situation. Additionally, Diwali being later this year, should add a fillip to the festive demand.

Outlook of Indian Paint Industry:

The size of the domestic paint industry is estimated at around Rs. 82500 crores as of March 2026. The good growth in infrastructure, core sectors, as well as automobile and real estate is likely to have a positive effect on the overall demand for paint in the industry in the long run.