MUMBAI : Sharply compressing margins take away the comfort generated by robust volumes growth for Kansai Nerolac’s investors. In the March quarter, the company's decorative and industrial paints segments grew in high double-digits. Sales recovery in the automobile and consumer durables sectors has helped Kansai's industrial paints segment to make a comeback, analysts said. The company gets around 55% of its overall revenue from the decorative paints business and the remainder from industrial paints. On a consolidated basis, Ebitda margins expanded by 220bps year-on-yein the March quarter.

Source: Mint May 10, 2021 05:54 UTC