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Demand worries, higher input costs may derail Kansai Nerolac's Q1 show

While the first three weeks of April saw robust demand in what is considered a seasonally strong period, lockdown in multiple states has seen offtake collapse

Topics
Kansai Nerolac Paints  | Q1 results | paints industry

Ram Prasad Sahu  |  Mumbai 



Overall, while the initial signs are positive, FY21 is unlikely to see higher revenues and profits as compared to the last year
Kansai Nerolac has taken a price hike in March which will partially offset the rise in commodity costs

After a strong start to the June quarter, is facing a double whammy in the form of weak demand and higher commodity costs. While the first three weeks of April saw robust demand in what is considered a seasonally strong period, the lockdown in multiple states has led to a collapse in demand. About 70-90 per cent of depots and distributors are shut while the rest are open for a limited period.

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First Published: Mon, May 10 2021. 18:44 IST

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