Kansai Nerolac Paints Q4 FY25 results (Jan–Mar 2025) and concall

Kansai Nerolac reported modest growth in a challenging environment characterized by intense competition in the decorative segment and volatile raw material costs. While the industrial business remains a dominant growth driver, the company is pivoting its decorative strategy toward 'Paint+' premiumization and digital-first marketing to protect market share. Management is maintaining a cautious but optimistic outlook, supported by capacity expansions and a stable 13-14% margin guidance.