Editor’s Note
Kansai Nerolac Paints is expanding its South Asian presence with a new investment in its Sri Lankan subsidiary, a strategic move announced alongside its quarterly financial results.
Kansai Nerolac Paints, one of India’s leading paint manufacturers, has announced a significant expansion move into the Sri Lankan market while reporting its first-quarter financial results. The company’s Board of Directors has approved an investment of LKR 300 million (approximately Rs 9.00 crore) in Kansai Paints Lanka (Private) Limited, its Sri Lankan subsidiary. This strategic move represents Kansai Nerolac’s commitment to expanding its footprint in the South Asian market and capitalizing on growth opportunities in Sri Lanka.
For the quarter ended June 30, Kansai Nerolac Paints reported:
- Net revenue of Rs 2,087.42 crore, a modest growth of 1.8% compared to the same quarter last year
- EBITDA of Rs 311.97 crore, down 6.7% year-on-year
- Profit Before Tax (PBT) of Rs 310.08 crore, a 4.1% decrease from the previous year
Pravin Chaudhari, Managing Director of Kansai Nerolac Paints, commented on the quarter’s performance:
Looking ahead, the company anticipates an improvement in decorative demand, driven by a favorable monsoon and the early onset of Diwali. In the industrial segment, Kansai Nerolac expects its market-leading growth trajectory to continue.
The size of the domestic paint industry in India is estimated at around Rs 77,500 crore as of March 2025. The company believes that good growth in infrastructure, core sector, automobile, and real estate is likely to have a positive effect on the overall demand for paint in the long run.
As Kansai Nerolac Paints enters its 105th year, it continues to be at the forefront of paint manufacturing, with nine strategically located manufacturing units across India and a strong dealer network. The company’s expansion into Sri Lanka underscores its commitment to growth and market leadership in the region.
