INSUBCONTINENT EXCLUSIVE:
Kansai Nerolac Paints Q1 net at Rs 139.84 crore Mumbai, Jul 20 () Kansai Nerolac Paints today reported a marginal decline in its net profit
at Rs 139.84 crore for the quarter ended June 30
It had posted a net profit of Rs 140.81 crore in the corresponding quarter last fiscal
Its gross sales for the quarter under review grew by 4.89 per cent to Rs 1,513.26 crore from Rs 1,442.75 crore in the same quarter last
year, the company said in a statement
"Company has continued to witness double digit growth in all segments this quarter also
The quarter witnessed an upward movement in crude along with lot of volatility in forex and depreciation in the rupee resulting in high
It continues to make sustained efforts to get price increases from its customers," Kansai Nerolac Paints Managing Director H M Bharuka said
"The company expects the growth momentum to be sustained in the near future due to favourable macro- economic factors, though pressure on
margins due to crude oil price increases and a volatile exchange rate will continue," he added.
