Kansai Nerolac Paints Ltd (KNPL) announced its Q3 FY2026 results, reporting a net revenue of ₹1907.35 Crores, a 3.5% increase year-over-year. EBITDA reached ₹247.28 Crores, a slight 0.2% growth. Profit Before Tax (Before Exceptional Items) was ₹219.71 Crores, a 3.7% decrease. The industrial coatings segment experienced strong growth, particularly in automotive. The company expects growth momentum to continue, with gradual recovery in decorative paints.
Financial Performance
Kansai Nerolac Paints Limited (KNPL) has released its unaudited results for the third quarter of fiscal year 2025-26. The company’s net revenue for the quarter stood at ₹1907.35 Crores, reflecting a 3.5% growth compared to the corresponding quarter of the previous year.
Key Financial Metrics
Here are the key financial highlights from the announcement:
- EBITDA: ₹247.28 Crores, a 0.2% increase year-over-year
- PBT (Before Exceptional Items): ₹219.71 Crores, a 3.7% year-over-year decrease
- PAT (After Exceptional Items): ₹131.20 Crores
Nine-Month Performance
The company’s performance over the first nine months of the fiscal year is as follows:
- Net Revenue: ₹5865.79 Crores, a 1.9% increase year-over-year
- EBITDA: ₹771.10 Crores, a 3.2% year-over-year decrease
- PBT (Before Exceptional Items): ₹714.18 Crores, a 4.0% year-over-year decline
- PAT (After Exceptional Items): ₹498.99 Crores
Segment Performance and Outlook
Mr. Pravin Chaudhari, Managing Director, noted that the industrial coatings segment experienced strong growth, particularly within the automotive sector. The positive impacts of GST rate cuts have supported demand. While decorative paints faced subdued conditions and a shorter festival season, internal initiatives have driven growth in Projects, Distribution, water proofing and Construction Chemicals. The company anticipates continued growth in automotive and performance coatings, with a gradual recovery expected in decorative paints.
Industry Outlook
The domestic paint industry is estimated at around ₹77500 crores as of March 2025. Growth in infrastructure, core sectors, automobile, and real estate is expected to positively influence paint demand.
Gratuity and Leave Liabilities
Due to the enactment of new labor codes in India, the company has seen an increase in gratuity and leave liabilities by ₹44.72 Crores and has presented this incremental amount under “Exceptional Item” for the quarter and nine months ended December 31, 2025.
Source: BSE
