Earnings Call/Transcript
Kansai Nerolac Q2 FY27 Call Audio Released
Kansai Nerolac uploaded the audio recording of its 5 November 2026 conference call on Q2 FY27 financial results. The transcript will follow.
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Consumer Durables
Paints
16,250 Cr
Moderate Risk
27.1
43.4
2.1
2.4
262.00
158.00
Sales CAGR
Profit CAGR
ROE
ROCE

Kansai Nerolac Paints Ltd (KANSAINER) is currently trading at 200.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Kansai Nerolac Paints manufactures decorative paints, automotive coatings, powder coatings, general industrial coatings, high-performance coatings, construction chemicals, waterproofing products, wood finishes, and adhesives. It operates eight Indian factories and maintains subsidiary or joint-venture operations in Nepal, Sri Lanka, and Bangladesh, with particular strength in automotive and industrial coatings. The company’s Q2 FY2026-27 standalone revenue grew 18.9% year-on-year to approximately Rs 22,688 million, but PBDIT rose only 4.9%. Material costs increased to 70.1% of revenue from 65.0%, showing that strong demand is currently being offset by input-cost inflation, currency pressure, and weaker operating leverage. Decorative expansion is becoming broader than household wall paint, with construction chemicals, waterproofing, wood finishes, project business, and institutional sales gaining strategic importance. The company added more than 3,000 dealers year-to-date, reached over 80 project cities, and reported double-digit growth in project and construction-chemical activities. Industrial coatings remain a major differentiation platform, supported by automotive relationships, Japanese technology, powder-coating leadership, and innovations such as water-based, low-bake, high-solids, anti-corrosion, and direct-to-metal systems. The company is specifically increasing its presence in EV-related automotive accounts and adjacent segments such as seam sealers, underbody coatings, alloy wheels, and booth chemicals. Kansai Nerolac Paints is combining premiumisation with sustainability-led innovation. New launches include Excel Everlast 20 with a 20-year warranty, low-VOC waterproofing, lead-free automotive coatings, water-based industrial systems, and liquid-to-powder conversion products, while ESG ratings and captive renewable-energy projects reinforce its environmental positioning.
Over the past 52 weeks, Kansai Nerolac Paints Ltd has traded between a low of ₹158.00 and a high of ₹262.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Kansai Nerolac Paints Ltd has a market capitalization of approximately 16,250.35. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Kansai Nerolac Paints Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 27.11 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 16,250.35 Cr, Kansai Nerolac Paints Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Kansai Nerolac Paints Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Kansai Nerolac Paints Ltd is 27.11. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Nerolac said its automotive segment recorded robust growth in passenger vehicles, two/three-wheelers and commercial vehicles in its 5 November 2026 presentation. It did not provide revenue, volume or market-share figures for those categories.
Nerolac reported standalone net revenue of Rs 2,268.77 crore in Q2 FY 2026-27. The company stated that this was 18.9% higher than Rs 1,907.46 crore in Q2 FY 2025-26.
Nerolac added more than 3,000 dealers to its network in YTD Sep. The presentation does not disclose the dealer base before the additions or the total network after them.
Kansai Nerolac recorded standalone revenue from operations of Rs 2,268.77 crore for the quarter ended September 30, 2026. This was 18.9% higher than Rs 1,907.46 crore in the corresponding quarter a year earlier.
Earnings Call/Transcript
Kansai Nerolac uploaded the audio recording of its 5 November 2026 conference call on Q2 FY27 financial results. The transcript will follow.
Penalty/Adjudication Order
Kansai Nerolac received a CGST order imposing a Rs. 66.71 lakh penalty related to input tax credit. The company disputes the order, plans to appeal, and expects no material financial or operational impact.
Investor Presentation
Kansai Nerolac enclosed its investor presentation for the Q2 FY27 financial results conference call scheduled on 5 November 2026 at 16:00 IST.
Regulatory/Compliance Filing
Kansai Nerolac Paints designated its Managing Director, CFO and Company Secretary as authorized personnel for materiality assessment and regulatory disclosures from 1 December 2026.
Change in Directors/KMP
Kansai Nerolac Paints announced the retirement of Company Secretary and Compliance Officer G. T. Govindarajan and appointment of Rukmini Subramanian effective 1 December 2026.
Financial Results
Kansai Nerolac Paints approved unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026, along with the limited review report.