What was Kansai Nerolac Paints's revenue in Q4 FY26?

Kansai Nerolac Paints reported revenue of ₹1,954 Cr in Q4 FY26, a +7.6% change year-over-year.

Did Kansai Nerolac Paints management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Kansai Nerolac Paints Q4 FY26 Research Workspace: Revenue ₹1,954 Cr (+7.6%)

Q: What guidance did Kansai Nerolac Paints management give?

EBITDA margin target of 13-14% for FY27: Management reiterated its endeavor to maintain EBITDA margin in the 13-14% range, assuming raw material costs stabilize.

Revenue ₹1,954 Cr +7.6%

EBITDA — +21%

PAT ₹110 Cr

EBITDA Margin —

Duration 50 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Kansai Nerolac reported a 7.6% standalone revenue growth in Q4 FY26, with PBDIT up 21% YoY, driven by improved product mix in decorative and double-digit auto demand. Decorative growth was mid-single digit, with a focus on premium products and new launches like Excel Sheen and XL Everlast. Industrial grew in higher single digits, with auto strong but other segments moderate. Management guided for 13-14% EBITDA margin, assuming raw material stability, and has taken cumulative price hikes of high single digits in decorative. Risks include prolonged West Asia crisis, crude volatility, and rupee depreciation. The company remains cautious on demand visibility due to inflation but sees green shoots from the past five months.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

West Asia crisis and supply chain disruptions

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Quarter Snapshot

Decorative new business saliency 10%+

+2pp YoY

New businesses (waterproofing, construction chemicals) now contribute over 10% of decorative sales.

Painters program coverage 1.2L

+20% YoY

Painters associated with the program increased to 1.2 lakh, improving secondary salience.

Industrial capacity utilization 70-75%

flat YoY

Powder and liquid coating segments operate at 70-75% capacity, with room for growth.

Decorative project business share 10%+

+2pp YoY

Project business now accounts for over 10% of decorative sales, with high double-digit growth.

Fast read

Guidance and risk preview

Top guidance EBITDA margin target of 13-14% for FY27

Management reiterated its endeavor to maintain EBITDA margin in the 13-14% range, assuming raw material costs stabilize.

Top risk West Asia crisis and supply chain disruptions

Geopolitical tensions have caused crude price surges and supply chain issues, impacting raw material costs and availability.