Kansai Nerolac hope to maintain margin at current levels

Kansai Nerolac Paints reported a good set of Q2 numbers. In an interview to CNBC-TV18, HM Bharuka, VC & MD of the company discussed the earnings and his outlook going ahead.

Last quarter (Q1) we had excise duty included in the topline and because of goods and sercices tax (GST) there is no excise duty, so GST is removed from this quarter, said Bharuka.

He further said that total volume growth is 18 percent, decorative growth is more than 20 percent and industrial segments grew by 10 percent this quarter.

According to him, paint industry will continue to have double-digit volume growth.

Talking about business, he said volumes this quarter were partially aided by GST restocking and early festive season.

He hopes to maintain margin at current levels.