Kansai Nerolac reported Q1 FY27 consolidated revenue up 9.8%, with PBDIT rising 8.3%. Decorative value grew high-single digit, while industrial segments saw double-digit growth.

Management is prioritizing a premium product mix, resulting in low single-digit decorative volume growth.

They aim to maintain FY27 margins at 13-14%, targeting 14%+ in the medium term.

A ₹601 Cr capex over 2-2.5 years will expand capacity and integrate resin production.

Competition remains intense, with industrial pricing seeing a ~5% increase and more expected in Q2. Strategic focus remains on innovation, premiumization, and targeted digital marketing for sustained growth.