Kansai Nerolac Paints has seen its market capitalisation (mcap) erode by over 5 per cent since May 3 after posting a subpar performance in the fourth quarter of 2023-24.
Weighed down by stiff competition, the company has shed Rs 1,172 crore over the past two weeks in mcap.
India s largest paint maker in terms of mcap, expects double-digit growth in the industrial segment and aims to maintain margins, but its performance in decorative paints could suffer amid competition.
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Kansai Nerolac Paints Ltd Announces Q4 2024 Results FY 2023-2024 pragativadi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pragativadi.com Daily Mail and Mail on Sunday newspapers.