Kansai Nerolac Paints, which began operations as Gahagan Paints & Varnish in Mumbai in 1920, specialises in the production of paints and is a global leader in industrial coatings.
The business is a subsidiary of the Japanese corporation Kansai Paints Co. Ltd., from whom it receives ongoing assistance and direction for raising quality standards and acquiring cutting-edge technologies.
Financial Results:
- Kansai Nerolac Paints Limited reported Total Income for Q4FY23 of ₹ 1619 Crores up from ₹ 1420 Crore year on year, a rise of 14%.
- Total Expenses for Q4FY23 of ₹ 1497 Crores up from ₹ 1372 Crores year on year, rise of 9%.
- Consolidated Net Profit of ₹ 94 Crores, up 283% from ₹ 24.53 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 1.74, up 278% from ₹ 0.46 in the same quarter of the previous year.