India's Kansai Nerolac hits near 7-week low on third-quarter profit dip

Kansai Nerolac Paints

04/02/2026 06:32

** Kansai Nerolac Paints KANE.NS falls as much as 2.9% to a near seven-week low of 221.55 rupees

** Co reports an 82% drop in third-quarter profit to 1.21 billion rupees ($13.38 million), owing to higher expenses and one-time charge linked to the country's new labour laws

** Rev from ops rises 3% YOY

** KANE last down 2.3%, taking YTD losses to 5.4%

($1 = 90.4570 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))