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Kansai Nerolac - Strong Demand In Industrial Paints, Auto Sales Revival To Lead The Recovery: HDFC Securities

Kansai Nerolac - Revival In Auto Sales, Strong Demand Momentum In Industrial Paints To Lead The Recovery: HDFC Securities

Kansai Nerolac Paints Ltd.’s shade card. (Source: Company website)
Kansai Nerolac Paints Ltd.’s shade card. (Source: Company website)

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HDFC Securities Retail Research

Kansai Nerolac Paints Ltd. is a 74.99% subsidiary of Kansai Paints Co. Ltd., Japan. The parent is one of the world’s top ten paint companies with manufacturing facilities in over 43 countries.

Kansai Nerolac is the largest industrial paint and third largest decorative paint company in India. While steadfastly strengthening its position in these traditional markets, it continues to venture into new customer need areas, such as wood coating, adhesives, construction chemicals in decorative and floor coatings, transportation coatings, coil coatings, rebar coatings and super durable powders in the industrial coatings segment.

These ventures have helped it expand its product portfolio and offerings. Its manufacturing footprint spans six plants, all of which are strategically located near automobile companies, thus giving it a strong competitive edge.

Click on the attachment to read the full report:

HDFC Securities Retail Research Stock Update - Kansai Nerolac Paints Ltd..pdf

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