India's Kansai Nerolac jumps on Q4 profit rise; Macquarie flags demand risks

Kansai Nerolac Paints

07/05/2026 05:09

** Kansai Nerolac Paints KANE.NS jumps as much as 9.43% to 220.42 rupees, highest since February 5; last up 6.34%

** Paint maker's Q4 profit up 3.5% y/y on strong automotive demand, helped by price hikes

** Total expenses rises ~6%

** Co says demand visibility remains uncertain amid inflationary pressures; warns of price hikes

** Systematix cuts PT by 10 rupees to 215 rupees; lowers FY28 EPS estimate by 9% on weak margin outlook, but keeps FY27 EPS estimate unchanged

** Macquarie sees growth risks from inflation, potential lag in price hikes

** Stock rated "hold" on average, per data compiled by LSEG

** YTD, KANE down ~8.7%

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))