India's Kansai Nerolac falls on missing Q2 profit estimate

Kansai Nerolac Paints

04/11/2025 04:29

** Kansai Nerolac Paints KANE.NS falls as much as 2.4% to more than five-week low of 243.15 rupees

** Q2 consol net profit rises 10% y/y, but misses analysts' estimate as stiff competition, extended monsoon hit sales

** Macquarie says heavy extended monsoon hurt co's decorative paints segment, with near-term growth seen faltering due to continued rains

** KANE last down 1.4%, taking YTD losses to ~7%

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))