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Kansai Nerolac Paints Ltd (KANE.NS)

KANE.NS on National Stock Exchange of India

449.65INR
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Kansai Nerolac Paints Forms JV With Polygel Industries
Tuesday, 7 May 2019 

May 7 (Reuters) - Kansai Nerolac Paints Ltd ::ENTERS JOINT VENTURE AGREEMENT, WITH POLYGEL INDUSTRIES PRIVATE LIMITED.PARTIES WILL FORM SEPARATE CO, TO WHICH ADHESIVES, CONSTRUCTION CHEMICALS & SEALANTS BUSINESS OF POLYGEL WILL BE TRANSFERRED.  Full Article

Kansai Nerolac Paints Sept-Qtr Profit Falls
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Kansai Nerolac Paints Ltd ::KANSAI NEROLAC PAINTS SAYS ADVERSE CHANGE IN RUPEE, CRUDE OIL WILL PUT FURTHER PRESSURE ON MARGINS .SEPT QUARTER PROFIT 1.22 BILLION RUPEES VERSUS PROFIT OF 1.45 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 1.43 BILLION RUPEES.SEPT QUARTER INCOME FROM OPERATIONS 12.86 BILLION RUPEES VERSUS 11.62 BILLION RUPEES LAST YEAR.SAYS DURING THE QUARTER DEMAND WAS DAMPENED.SAYS CO EXPECTS GROWTH MOMENTUM TO BE GOOD IN DECORATIVE BUT SUBDUED FOR INDUSTRIAL IN NEAR FUTURE.  Full Article

India's Kansai Nerolac Paints June Quarter Profit Slips
Friday, 20 Jul 2018 

July 20 (Reuters) - Kansai Nerolac Paints Ltd ::JUNE QUARTER PROFIT 1.40 BILLION RUPEES VERSUS PROFIT OF 1.41 BILLION RUPEES LAST YEAR.JUNE QUARTER INCOME FROM OPERATIONS 13.67 BILLION RUPEES VERSUS 13.21 BILLION RUPEES LAST YEAR.KANSAI NEROLAC PAINTS LTD SAYS IN NEAR FUTURE, PRESSURE ON MARGINS DUE TO CRUDE OIL PRICE INCREASES AND VOLATILE EXCHANGE RATE WILL CONTINUE.  Full Article

Kansai Nerolac Completes Acquisition Of 55 Pct Stake In Rak Paints
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Kansai Nerolac Paints Ltd ::COMPLETES ACQUISITION OF 55 PERCENT EQUITY STAKE IN RAK PAINTS LTD.  Full Article

India's Kansai Nerolac Paints Sept-qtr profit rises 2.7 pct
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Kansai Nerolac Paints Ltd :Sept quarter profit 1.45 billion rupees versus profit of 1.39 billion rupees last year.Consensus forecast for sept quarter profit was 1.47 billion rupees.Sept quarter net sales 11.62 billion rupees versus 11.32 billion rupees last year.Says destocking due to GST, preponement of sales due to early diwali were visible‍​ this quarter.  Full Article