KANSAINER

March 30 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS: GOT TAX ORDER CONFIRMING PENALTY 27.9 MILLION RUPEES

Further company coverage: KANE.NS

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**Shares of Asian Paints ASPN.NS up 1.8% to 2,160 rupees

**As per media reports, the company hikes prices between 6% and 8% across its decorative portfolio in two phases starting April 10

**Follows a 1%-2% price hike by Berger Paints BRGR.NS and 2%-3% price hike by Kansai Nerolac KANE.NS effective March 25

**Macquarie ("Outperform"; PT: 3,100 rupees) says co's price hike is part of historical patterns of companies taking price hikes to pass on input inflation

**Brokerage believes margin headwinds linked to input cost inflation are more near-term in nature

**Stock rated as "Hold" on average by 35 analysts; median PT at 2,730 rupees per data compiled by LSEG

**YTD, stock down 21.5%

(Reporting by Mridula Kumar in Bengaluru)

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** Asian Paints ASPN.NS up 1.6%, Akzo Nobel India AKZO.NS rises ~2%, Berger Paints India BRGR.NS gains 1%, Kansai Nerolac Paints KANE.NS adds 0.2%

** Oil, a key raw material for paints, falls after hitting more than three-year high on Monday, as Donald Trump said Middle East war could end soon, easing concerns about prolonged disruptions to global oil supplies

** Crude down after seven straight sessions of rise

** Brent LCOc1 sheds 5.2% to $93.84/barrel

** YTD, KANE down ~21%, ASPN falls 18.4%, BRGR sheds 17.7%, AKZO slips 13.6%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Indian paint companies fall between 3% and 5% as prices of crude oil, a key raw material, surge

** Asian Paints ASPN.NS down 4.6%, Berger Paints India BRGR.NS down 3.3%, Kansai Nerolac Paints KANE.NS trading 3.4% lower, while Akzo Nobel India AKZO.NS falls 2.7%

** ASPN, India's largest paintmaker by market share, trading at its lowest levels since March 5, 2025, while the benchmark Nifty 50 index is down 2.8%

** Crude prices climbed to their highest in nearly four years as U.S.-Israeli war with Iran widens

** Brent LCOc1 jumps as much as 26.4% to $117.16 a barrel

** YTD, ASPN and BRGR are down ~18% each, KANE down ~20%, and AKZO lower by ~13%; Nifty 50 down 9%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Indian paint companies fall between 1% and 3% as crude oil, a key raw material, prices surge

** Asian Paints ASPN.NS down 3%, Kansai Nerolac Paints KANE.NS down 2.4%, Akzo Nobel India AKZO.NS down 1%

** Middle East conflict pushes crude prices higher, with Brent crude futures climbing to about $82.40 a barrel, their highest in 14 months O/R

** Antique Stockbroking forecasts Brent crude to average $80-85/barrel this quarter if conflict persists

** Brokerage says 10% increase in crude could result in 200 to 250 bps gross margin contraction for ASPN & KANE as crude derivatives account for 40-45% of raw material

(Reporting by Mridula Kumar in Bengaluru)

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** HSBC and Macquarie expect a slow earnings recovery for Indian paint makers as demand stays soft, even as competitive intensity peaked out in the December quarter

** Top paint companies post slower sales growth in the December quarter, reinforcing a cautious near-term outlook

** HSBC warns the cycle turnaround could take longer, flagging potential structural concerns for the sector

** HSBC reiterates "Hold" on Asian Paints ASPN.NS (PT 2,900 rupees) and Berger Paints BRGR.NS (PT 540 rupees)

** HSBC pencils in high single-digit percent sector revenue growth through FY2027, despite 10%–12% industry volume growth in Q3

** Says higher dealer incentives, defence of strongholds, and some downtrading could crimp revenue growth

** Macquarie says demand uptick is key for stock performance; rates Asian Paints "Outperform" (PT 3,100 rupees), Berger "Underperform" (PT 410 rupees), and Kansai Nerolac KANE.NS "Neutral" (PT 220 rupees)

(Reporting by Mridula Kumar in Bengaluru)

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** Kansai Nerolac Paints KANE.NS falls as much as 2.9% to a near seven-week low of 221.55 rupees

** Co reports an 82% drop in third-quarter profit to 1.21 billion rupees ($13.38 million), owing to higher expenses and one-time charge linked to the country's new labour laws

** Rev from ops rises 3% YOY

** KANE last down 2.3%, taking YTD losses to 5.4%

($1 = 90.4570 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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Feb 3 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS Q3 CONSOL NET PROFIT 1.21 BILLION RUPEES

• KANSAI NEROLAC PAINTS Q3 CONSOL REVENUE FROM OPERATIONS 19.82 BILLION RUPEES

Source text: [ID:]

Further company coverage: KANE.NS

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Updates with details and background

Jan 27 (Reuters) - Asian Paints ASPN.NS, India's largest paintmaker by market share, reported a surprise profit drop on Tuesday, as a one-time charge tied to the country's new labour laws outweighed strong volume growth in its mainstay decorative paint segment.

The Mumbai-based company posted a consolidated net profit of 10.60 billion rupees ($115.61 million) in the three-month period ended December 31.

Analysts, on average, had expected a profit of 12 billion rupees, according to LSEG-compiled data. The company's profit came in at 11.10 billion rupees in the year-ago period.

Shares of the paintmaker extended losses after the results, last trading 3% lower.

The company took a one-time charge worth 1.58 billion rupees, which included exceptional expenses tied to India's new labour laws and certain impairment losses.

Domestic sales volumes of decorative paints grew 7.9% in the reported quarter, in line with a 5%-11% growth range modelled by analysts from at least six brokerages.

The company earns nearly 90% of its revenue from domestic sales of decorative paints, primarily used by retail consumers for household painting.

Despite challenges like an extended monsoon season during the reported quarter, analysts expected Asian Paints to outperform smaller rivals such as Berger Paints BRGR.NS and Kansai Nerolac KANE.NS.

This optimism was supported by a low base of 1.6% volume growth in the quarter ended December 2024 and expectations that subdued inflation and consumer tax cuts will boost retail discretionary spending.

The paintmaker, however, last year faced its weakest demand in decades, as consumers opted for cheaper brands amid the rising cost-of-living crisis. Competition intensified when new entrant Birla Opus ramped up production and offered discounts, sparking price wars.

The company's revenue from operations rose 3.7% to 88.67 billion rupees in the reported quarter, below analysts' average expectation of 90.46 billion rupees.

In the quarter ended December 2024, revenue had fallen 6% year-on-year.

($1 = 91.6837 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)

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Oct 9 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS LTD - INITIATES BILLING FROM CHENNAI FOR INDUSTRIAL BUSINESS

Source text: ID:nNSE17FJvZ

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Aug 11 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• APPROVES AMALGAMATION OF NEROFIX AND CO

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July 25 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS LTD - APPOINTMENT OF YASH AHUJA AS CHIEF FINANCIAL OFFICER:

Source text: [ID:]

Further company coverage: KANE.NS

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Recasts, adds detail on industry, market share, analyst comments

By Hritam Mukherjee and Manvi Pant

BENGALURU, June 27 (Reuters) - JSW Paints will buy Dutch paint maker Akzo Nobel's AKZO.AS Indian arm for about $1.6 billion, in what will be the country's biggest deal yet in the sector as competition intensifies between established players and new entrants.

The deal comes as challenges for Indian paint makers mount, including volatile raw material costs and heightened competition, with billionaire Kumar Mangalam Birla's entry into the sector last year eating into Asian Paints' market share.

Dulux Paint-owner Akzo Nobel had announced a review of its South Asia operations last year to rein in costs and boost its core coatings business.

Shares of Akzo Nobel India jumped more than 11% after the deal was announced, and were trading 7.6% higher in Mumbai at around 0830 GMT.

India's paint and coatings market is expected to reach $16.37 billion in size by 2030, Mordor Intelligence estimates, from $10.46 billion in 2025, driven by a boom in infrastructure and real estate development.

The deal, which includes debt, will be the Indian paint sector's biggest deal on record, Dealogic data showed.

JSW Paints, launched in 2019 and part of the $23 billion JSW Group, will buy a 74.76% stake in Akzo Nobel India for $1.05 billion and launch an open offer for the roughly 25% held by public shareholders.

Parent Akzo Nobel, the fourth-largest paint maker in the world by market capitalisation behind PPG, Nippon Paint 4612.T and Sherwin-Williams SHW.N, will continue to retain its research and development centre and powder coatings business in India.

GROWING COMPETITION

Once completed, the deal will propel JSW Paints to fourth place by market share in a sector dominated by Asian Paints ASPN.NS, Berger Paints BRGR.NS and Kansai Nerolac KANE.NS, according to Geojit Financial Services analyst Antu Thomas.

Birla-owned Grasim launched Birla Opus in 2024, crowding the already-competitive market. Birla has since filed an antitrust complaint against Asian Paints for allegedly abusing its market position, Reuters has reported.

In 2022, the competition regulator closed a case filed by JSW Paints against Asian Paints for abusing its market position, saying it found no breach of competition laws.

"While this acquisition offers JSW Paints a significant scale-up opportunity, near-term integration challenges could provide an opportunity for incumbent players to strengthen their market position in the luxury segment," Amit Purohit, vice president at Elara Capital said.

Akzo Nobel is likely to rake in 900 million euros in net proceeds and plans to launch a 400 million euro share buyback program after the deal's closing, which is expected in the fourth quarter of 2025.

(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Additional reporting by Dimitri Rhodes; Editing by Mrigank Dhaniwala, Vijay Kishore, Aditya Kalra and Rachna Uppal)

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June 3 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS LTD - FILES APPEAL AGAINST GST ORDER

• KANSAI NEROLAC PAINTS LTD - QUANTUM OF CLAIMS AMOUNTS TO 39 MILLION RUPEES

Further company coverage: KANE.NS

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** Berger Paints' BRGR.NS up 1.4%, after 1.9% gain on Wed following Q4 profit beat

** BRGR's results better than rivals Asian Paints ASPN.NS and Kansai Nerolac KANE.NS, says Dolat Capital

** ASPN missed Q4 profit view, while KANE posted a surprise profit drop; Akzo Nobel India's AKZO.NS profit was stagnant

** Ambit Capital says while BRGR is best in sector, sector itself is not preferred due to demand, rivalry woes

** Still, hikes TP to 485 rupees, vs 563 rupees current price

** Dolat lifts TP to 616 rupees, ICICI Securities to 515 rupees

** Analysts avg rating on BRGR is "hold', same as KANE, while ASPN is "sell" - LSEG data

** YTD, BRGR up 23%, ASPN up 0.5%, KANE flat

(Reporting by Yagnoseni Das and Hritam Mukherjee in Bengaluru)

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** Asian Paints ASPN.NS, Berger Paints India BRGR.NS, and Kansai Nerolac KANE.NS up 0.6%-1.5% amid market weakness .BO

** Brent LCOc1 hits over-four-year low on demand concerns due to escalating Sino-US tariff war

** Fall in oil prices benefits paint makers, who count crude as a major raw material

** ASPN, BRGR and KANE have gained about 4.8%, 6.5% and 2.6% since U.S. tariffs on April 2, while blue-chip Nifty 50 .NSEI has fallen fell 4%

** YTD, ASPN and BRGR has gained ~6% and ~20% respectively, while KANE has dropped ~7.5%

(Reporting by Anuran Sadhu in Bengaluru)

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** Indian paint makers Asian Paints ASPN.NS, Berger Paints India BRGR.NS, Akzo Nobel India AKZO.NS and Kansai Nerolac KANE.NS climb between 1% and 2%

** Brent crude futures LCOc1 fell to their lowest since December 2021 in previous session before steadying on Thursday, still trading near multi-year low levels O/R

** Fall in oil prices benefits paint makers, who count crude as a major raw material

** Both ASPN and KANE gain ~2%, while BRGR and AKZO climb 1.3% and 1.2%, respectively

** AKZO only major paint maker rated "buy" on avg, rest rated "hold" - data compiled by LSEG

** KANE's 12% YTD drop biggest, followed by AKZO's 11% slide and ASPN's 4% decline

** BRGR only major paint maker to log YTD gains, up 9.3%

(Reporting by Kashish Tandon in Bengaluru)

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Rewrites with management commentary from post-earnings call

By Hritam Mukherjee

Feb 7 (Reuters) - Akzo Nobel India AKZO.NS said on Friday it expects the demand for paints to recover from the second half of the year after the effects of the federal budget's consumption-boosting proposals filter through essential items before influencing discretionary purchases.

Last week, the government dished out its biggest income tax relief in at least a decade, hoping that higher disposable incomes would boost demand and consumption, thereby lifting the economy.

However, the effects of that on the demand for discretionary items such as paints will only start from the second half of this year, Akzo Nobel Chairman and Managing Director Rajiv Rajgopal said in a post-earnings call.

Earlier in the day, the 'Dulux' paintmaker reported a 5% fall in consolidated third-quarter net profit to 1.09 billion rupees ($12.47 million) as its 2% increase in its revenue was outweighed by a 2.3% rise in expenses.

Paintmakers saw weak demand from retail consumers who are choosing cheaper brands in the face of high inflation, analysts say and demand forecasts by paint companies have been mixed so far.

While market leader Asian Paints ASPN.NS missed earnings estimates and issued a grim demand outlook, Kansai Nerolac KANE.NS said it also expects the lower income tax rates to increase demand.

Akzo Nobel India's larger peers, Grasim Industries GRAS.NS and Berger Paints BRGR.NS, are due to report their results next week.

(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)

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** Shares of Indian paintmaker Kansai Nerolac KANE.NS rise 3.3% to 253 rupees

** Co said it expects paints demand to improve going forward on federal budget's consumption-boosting proposals

** Outlook comes at a time when decorative paints demand for listed players have been under pressure from consumers cutting back on optional spends and shifting to cheaper labels

** On a standalone basis, results were better-than-expected, says Investec; recommends "hold" rating on the stock and PT 290 rupees

** KANE, on an avg, rated "hold" with median TP 295 rupees - LSEG

** Q3 was third consecutive qtr of co's rev outperformance vs market leader Asian Paints ASPN.NS, Investec adds

** YTD ASPN flat, KANE down 4%

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 5 (Reuters) - India's Kansai Nerolac Paints KANE.NS posted subdued quarterly earnings on Wednesday but said demand should improve on the back of the federal budget's consumption-boosting proposals.

Indian paintmakers have been grappling with increased competition in the sector following Grasim Industries' GRAS.NS entry early last year.

Moreover, shoppers have been cutting back on discretionary spending as they choose cheaper private labels, which have pushed companies to dole out discounts to woo them back.

Kansai Nerolac's outlook differs from that of its bigger rival Asian Paints ASPN.NS, which forecasts weak short-term demand on continued weak consumption in urban areas.

"Demand in decorative (business) was impacted due... to lower spend on discretionary products," Kansai Nerolac Managing Director Anuj Jain said.

The company's third-quarter consolidated revenue was at 19.22 billion rupees ($220 million) in the three months ending Dec. 31, little changed from a year earlier and narrowly missing analysts' average estimate, according to data compiled by LSEG.

Its profit before exceptional items and tax rose 2.8% to 2.14 billion rupees, as automotive demand helped cushion the impact of soft consumer spending.

The company flagged a "better than market" automotive growth, which helped it offset weakness in the decorative paints business.

Kansai Nerolac also made a one-time gain of 6.3 billion rupees during the quarter, mainly proceeds from a land parcel sale.

MD Jain will step down from his role and will be replaced by Pravin Chaudhari from April 1, the company said.

Chaudhari is currently an executive officer at the company's Japanese parent Kansai Paint Co 4613.T and has had a 5-year stint at 'Fevicol'-parent Pidilite Industries PIDI.NS.

($1 = 87.3770 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Asian Paints ASPN.NS fall 0.7% ahead of Q3 results due later in the day; benchmark Nifty 50 .NSEI up 0.9%

** Analysts, on avg, expect the paintmaker to report a ~21% y/y fall in Q3 consol profit to 11.42 bln rupees ($131.3 mln), per data compiled by LSEG

** At least three brokerages said demand slowdown in the industry persisted in Q3, after weak growth in H1, due to increased competition, lower volumes and pricing pressures

** ASPN first to report Q3 results among major Indian paint companies

** Analysts on avg rate ASPN "hold", same as peers Berger Paints BRGR.NS and Kansai Nerolac KANE.NS -LSEG data

** YTD ASPN, BRGR up 0.5% and ~8%, while KANE down ~7.5%

** ASPN's fwd 12-month PE is 45x, 11th highest on Nifty 50 and just higher than BRGR's 44x; KANE's PE is 27x -LSEG

($1 = 86.9720 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Nov 14 (Reuters) - India's Grasim Industries GRAS.NS reported a lower second-quarter adjusted profit on Thursday, dragged down by poor demand in its paints division due to higher-than-usual monsoon rainfall.

The company, which also has chemicals and yarns businesses, reported a profit before exceptional items of 7.71 billion rupees ($91.4 million) in the three months ending Sept. 30, down 3% from a year ago.

Grasim's standalone numbers exclude earnings of its units UltraTech Cement ULTC.NS and Aditya Birla Capital ADTB.NS.

The company's paints division, launched earlier this year under the Birla Opus brand, has hurt its margins as the company continues to invest in the business.

Moreover, paint makers saw weak demand as the country saw above-average monsoon rainfall during the quarter, which impacted sales.

Grasim's revenue rose about 18% to 76.23 billion rupees for the quarter.

Its total expenses surged 26% to 78.65 billion rupees, causing Grasim's margins on earnings before interest, tax, depreciation and amortization to contract to 18% from 19% a year earlier.

Rivals Asian Paints ASPN.NS, Berger Paints India BRGR.NS and Kansai Nerolac Paints KANE.NS, all experienced a slump in profit, hurt by muted demand due to heavy monsoons.

($1 = 84.3970 Indian rupees)

(Reporting by Ashna Teresa Britto and Kashish Tandon in Bengaluru; Editing by Vijay Kishore)

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Updates with stock milestones, background, results, and commentary from Jefferies and Nomura

Nov 11 (Reuters) - Asian Paints' ASPN.NS shares slumped the most in over four years on Monday, as price cuts across its products and floods in some parts of India dented second-quarter sales volumes and dragged profit below analysts' estimates.

The stock fell as much as 9.3% on the day to the bottom of the benchmark Nifty 50 index .NSEI, and was set for its worst day since March 2020.

Asian Paints, India's largest paintmaker by market share, has previously flagged weak demand for its premium products as inflation-hit shoppers choose cheaper alternatives.

To win them back, and with competition in the sector tightening following Grasim Industries' GRAS.NS entry, incumbents have been forced to cut prices.

Volume slowdown, market share loss and faster-than-expected scale-up for new entrants are key risks for Asian Paints, Morgan Stanley analysts said in a note.

Asian Paints on Saturday said profit nearly halved to 6.95 billion rupees in the three months ended Sept. 30, missing analysts' estimate of 10.19 billion rupees, data compiled by LSEG showed.

Analysts at Jefferies were concerned about competition, saying it blurred the outlook, while Nomura added that overall sales for the company "will still look anaemic" despite sales volumes likely improving in the second half of this fiscal.

Its sales volumes declined 0.5%, trailing a 3.6% growth at peer Berger Paints BRGR.NS and 4% at Kansai Nerolac KANE.NS.

Net sales fell 5% to 80.03 billion rupees, below the revenue estimate of 85.06 billion rupees. Berger Paints' sales was largely flattish and Kansai posted a 5% drop, said Macquarie.

Out of 34 analysts covering the company, at least two downgraded the stock after results while two cut respective target prices, per LSEG data.

Berger and Kansai Nerolac shares declined 2.6% and 2.3%, respectively, on Monday.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)

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** Shares of Kansai Nerolac Paints Ltd KANE.NS fall as much as 2.3% to 279.20 rupees

** The paint manufacturer reported a ~31% fall in Q2 consol net profit to 1.23 bln rupees, weighed down by muted demand due to heavy monsoons and high expenses

** Rev up 0.3% at 19.51 bln rupees

** More than 311,000 shares traded, vs their 30-day moving avg of 504,272 shares

** Mean rating of 16 analysts rating the stock is "hold"; their median PT is 320 rupees - LSEG data

** KANE stock down 15.7% YTD, including session's losses

(Reporting by Meenakshi Maidas in Bengaluru)

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Nov 6 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• Q2 CONSOL NET PROFIT 1.23 BILLION RUPEES; IBES EST. 1.84 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 19.51 BILLION RUPEES; IBES EST. 19.53 BILLION RUPEES

Source text: [ID:]

Further company coverage: KANE.NS

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** Shares of paint makers - Asian Paints ASPN.NS, Kansai Nerolac KANE.NS, and Berger Paints India BRGR.NS rise between 1%-2.2%

** Oil prices slid 3% after a report said Israel is not willing to strike Iranian oil targets, easing fears of a supply disruption O/R

** Fall in oil prices benefits paint makers, who count crude as a major raw material, as it will bring down total costs

** Shares of ASPN up 1.3% and is among top gainers on the Nifty 50 index .NSEI, which is up 0.22%

** ASPN down ~10% so far this year vs a 12% and 4% fall in KANE and BRGR, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Asian Paints ASPN.NS and Berger Paints India BRGR.NS drop 4% each

** Smaller firms Kansai Nerolac KANE.NS and Akzo Nobel India AKZO.NS decline 2% and 2.6%, respectively

** Oil prices rise on prospect of a widening Middle East conflict that could disrupt oil flow from the region O/R

** Crude prices make up for roughly one-third of paint makers' costs; higher crude prices will spike total costs

** As of Sept-end, ASPN had gained for seven consecutive months, BRGR for four

** ASPN, KANE rated "hold", while BRGR rated "sell" on an average - LSEG data

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Asian Paints ASPN.NS gain 2.2%, Berger Paints India BRGR.NS rise 2.3%

** Smaller peer Kansai Nerolac KANE.NS up 1%, while Akzo Nobel India AKZO.NS is flat

** Brent crude futures LCOc1 fell below $70 for the first time in three years before recovering to $70.3 levels O/R

** Crude prices make up for roughly one-third of paintmakers' spends; dip in crude will pull down total costs

(Reporting by Hritam Mukherjee in Bengaluru)

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** Kansai Nerolac Paints KANE.NS shares up 3%, set for best day in three weeks

** Kansai Nerolac, a unit of Japan's Kansai Paint 4613.T, reports 4% rise on adjusted Q1 profit, helped by price hikes

** Other paint companies -- Shalimar Paints SHLP.NS, Asian Paints ASPN.NS, Berger Paints BRGR.NS Akzo Nobel India AKZO.NS -- also gain 1%-2.5%

** KANE rated 'hold' on avg, as is ASPN and AKZO, while BRGR rated 'sell' (SHLP not covered) -LSEG data

** KANE down 12.5% YTD, with only SHLP worse off (down 17%), while ASPN down 11.5% and BRGR 10%; AKZO lone gainer, up 14%

** KANE's fwd 12-month PW of 30.2 is lowest, just under AKZO's 30.4, while BRGR at ~50 and ASPN at 54.4 -LSEG data

(Reporting by Sethuraman NR in Bengaluru)

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July 29 (Reuters) - Kansai Nerolac Paints Ltd KANE.NS:

• KANSAI NEROLAC PAINTS Q1 CONSOL NET PROFIT 2.31 BILLION RUPEES

• KANSAI NEROLAC PAINTS Q1 CONSOL REVENUE FROM OPERATIONS 21.33 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: KANE.NS

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