Kansai Nerolac Q4 FY26 Revenue Up 7.6%

Kansai Nerolac reported Q4 FY26 standalone revenue growth of 7.6% and PBDIT growth of 21%, with a recommended dividend of INR 2.5 per share.
Management discussed multiple price hikes (totaling high single-digit) to counter raw material inflation driven by crude surge and rupee depreciation.
The company highlighted strong double-digit growth in automotive coatings and decorative projects, while maintaining a 13-14% margin guidance for FY27.
Key risks identified include the West Asia crisis causing supply chain disruptions and high commodity prices, though demand fundamentals remain stable.