Kansai Nerolac Paints Ltd announces Q4 Results FY 2018-2019
KANSAI NEROLAC PAINTS LIMITED (KNPL), one of the leading Paint companies in India, recently at the Board meeting announced its audited results for the fourth quarter of financial year 2018-19. For the quarter, the company declared Net sales of Rs. 1142 Crores a growth of 4 % over the corresponding quarter of the previous year and net sales of Rs. 5138.9 crores for entire year a growth of 12.5 % over the last financial year.
EBIDTA was Rs. 149.6 crores a degrowth of 11.4 over the same quarter of the previous year. For the entire year, EBIDTA was Rs. 742 Crores a degrowth of 6 % over the same period of the previous year.
Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “Continuing the trend seen in the previous quarter, the Decorative segment continued to see growth this quarter. The growth in Decorative was lower than previous quarters. The Automotive segment witnessed a negative growth this quarter. A similar slackening in demand was also seen on other OEM segments. This has led to an overall lower demand for Industrial products in general. Whilst cost pressures abated as compared to earlier quarter, prices of derivatives still remain high. During the quarter crude was not able to maintain the low levels witnessed in December and continued to rise. The rupee dollar exchange rate also continued to be volatile. The company has been able to pass on the cost increase in decorative. In Industrial the company has been only able to only partly get price increases to offset increase in material costs. This is reflected in the bottom-line. The company expects the growth momentum to be subdued for the immediate future though it is hopeful for a good momentum for the year as a whole.”
Outlook of Indian Paint Industry
The size of domestic paint industry is estimated at Rs.47000 crores as of Mar 2018. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry.
About Kansai Nerolac Paints Ltd
Kansai Nerolac Paints has been at the forefront of paint manufacturing for more than 90 years pioneering a wide spectrum of quality paints. Kansai Nerolac is one of the leading paint company in India and is the leader in Industrial segment, having a turnover of Rs.5682 crores. The company has five strategically located manufacturing units all over India and a strong dealer network across the country. The company manufactures a diversified range of products ranging from decorative paints coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries.
SUNANDA voted among the top 5 waterproofing brands in India
SUNANDA SPECIALITY COATINGS PVT. LTD. the flagship company of Sunanda Global Group has been voted among the top 5 waterproofing brands in India in the 2018 Experts' Choice Rankings . The Experts' Choice is a unique ranking system by which products of the building industry are ranked by leading architects and designers across India.
The Brands were voted for on the following parameters: Overall product quality; Product range offered; Design and innovation; Availability and dealer network; Pricing and value; Pre and post-sales service
The 40-year old construction chemical company dedicated this distinction to all its loyal and quality-conscious customers. Sunanda is known for innovation and its drive for continuous improvement in its product line, adapting its product line for new applications and adding new products based on its close association with customers.
Sunanda's 'State of the Art' research laboratories and technical service centers are equipped with cutting edge analytical instrumentation as its topmost priority is to invest in research and development activities with a focus on introducing new high performance, technically differentiated products and services. Sunanda has won the 'Innovator of the Year Award' in 2012, 2013 and 2015, instituted by FICCI & Department of Chemicals, Govt. of India.
Sunanda was established in 1979 and is headed by Dr. S. K. Manjrekar, one of the leading material scientists globally. He is the only living Indian to receive the 'American Concrete Institute Honorary Member Award', the highest recognition given by ACI. Sunanda has successfully completed numerous prestigious projects in India and across the globe. Sunanda offers a wide range of innovative construction chemicals including waterproofing systems, corrosion protection systems, concrete admixtures, repair materials, exterior coatings/paints and floor coatings. Asian Paints standalone revenue from operations for the quarter increases by 12.2%
Asian Paints Ltd has announced their financial results for the quarter and twelve months ended March 31, 2019.
“The decorative business segment in India registered double digit volume growth in the fourth Quarter. The Industrial Coatings JV (AP-PPG) witnessed good growth in the dealer channel for both, Powder and Protective coatings. The Automotive coatings JV (PPG-AP) growth was impacted as a result of the slowdown in the Auto OEM segment. High raw material prices and marketing spends in the fourth Quarter affected the margins.
Challenging business conditions affected operations in some of the key markets in our International business portfolio, especially Egypt, Ethiopia, Bangladesh and Sri Lanka. The Kitchen (Sleek) and Bath (Ess Ess) business in the Home Improvement portfolio grew well and we continue to work on scaling up these operations further” said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited.
Asian Paints Consolidated Results, Q4-FY'19
For the quarter ended March 31, 2019, on consolidation of accounts of the subsidiaries and associate of Asian Paints – Revenue from operations has risen by 11.7 % to Rs. 5,018.21 crores from Rs. 4,492.30 crores. Profit before depreciation, interest, tax and other income (PBDIT) for the group decreased by 2.0 % to Rs. 822.96 crores from Rs. 839.93 crores. Profit Before Tax (PBT) decreased by 5.5 % to Rs. 740.32 crores from Rs. 783.61 crores. Net Profit after Minority Interest decreased by 1.6 % to Rs. 473.11 crores as compared to Rs. 480.99 crores in the previous corresponding period.
Asian Paints Consolidated Results, 12M-FY'19
For the twelve months ended March 31, 2019, Asian Paints Group Revenue from operations has increased by 14.9 % to Rs. 19,349.84 crores from Rs. 16,843.76 crores. PBDIT for the group has increased by 10.2 % to Rs. 3,524.53 crores from Rs. 3,197.61 crores. Profit Before Tax (PBT) increased by 7.9 % to Rs. 3,310.73 crores from Rs. 3,068.48 crores. Net Profit after Minority Interest increased by 5.9 % to Rs. 2,159.49 crores as compared to Rs. 2,038.93 crores in the previous corresponding period.
The Board of Directors recommended the payment of final dividend of Rs. 7.65 per equity share (765 %). An interim dividend of Rs. 2.85 per equity share (285 %) was distributed in FY'18-19. Thus total dividend announced for FY'18-19 will be Rs. 10.50 per equity share (1050 %). The total dividend for the year FY'17-18 was Rs. 8.70 per equity share (870 %).
Asian Paints Standalone Results, Q4-FY'19
For the quarter ended March 31, 2019, Revenue from Operations has increased by 12.2 % to Rs. 4,235.32 crores from Rs. 3,775.35 crores. PBDIT for the quarter decreased by 2.0 % to Rs. 770.03 crores from Rs. 785.36 crores. Net Profit on a Standalone basis decreased by 2.4 % to Rs. 479.68 crores from Rs. 491.57 crores.
Asian Paints Standalone Results, 12M-FY'19
For the year ended March 31, 2019, Revenue from operations increased by 15.8 % to Rs.16,391.78 crores from Rs.14,153.71 crores. PBDIT for the year increased by 13.3 % to Rs. 3,307.95 crores as compared to Rs. 2,920.50 crores in the previous year. Net Profit on a Standalone basis increased by 12.7 % to Rs. 2,134.76 crores from Rs. 1,894.80 crores in the previous year.
Asian Paints is India's leading paint company and ranked among the top ten Decorative coatings companies in the world have operations in 16 countries across the world with 27 paint manufacturing facilities, servicing consumers in over 65 countries.
Nippon Paint acquirs Betek Boya
NIPPON PAINT has announced that , based on a resolution of the board of directors, it has decided to acquire the outstanding shares of Betek Boya ve Kimya Sanayi A.Ş. and 9 group companies of Betek. Betek Boya is a leading player in the Turkish decorative paint for construction market – a market with high growth potential.
Under the three-year medium-term management plan, which started in fiscal year 2018, the Company aims to become a leading company that continues to create new value by advocating the goal of “establishing a leading position in Asia and accelerating global growth.” Through focusing on reinforcement of existing segments, acceleration of expansion of existing portfolios, improvement of profitability, and reinforcement of the “Global One Team” management, the Company has worked hard to implement these goals.
The decorative paint market in Turkey is an appealing market for which high growth is expected. Betek Group, which is the group of companies the Company is acquiring shares, was founded in 1988 and handles ETICS (External Thermal Insulation Composite System: insulation materials), etc. in addition to decorative paint and industrial coatings for construction. Betek group is a leading company that has the top share in the decorative paint market in Turkey. Its major brands Filli Boya and Fawori have a large market share and a high brand-recognition level.
In addition to the regions in Asia and China, where the Company has had a strong presence, the Company will position itself as a leading player in the Turkish markets with strong expected growth, capturing the high growth potential of the Turkish markets.
Furthermore, by contributing know-how and business resources the Company has accumulated through its Asian paint and coatings business into Betek Group, it will be possible to further accelerate the speed at which Betek Group will expand its business. The Company firmly believes that this transaction will greatly contribute to the achievement of the Company's medium-term management plans and the realization of our medium/long-term management policies.
The Company will be the acquisition entity for the Share Acquisition of Betek shares. The Company expects to raise the funds for the Share Acquisition from borrowings from financial institutions. The Company is not planning to raise funds through the issuance of new shares.
Nominations invited for ICC awards for the year 2018
The Indian Chemical Council invites nominations for the following ICC Awards for the year 2018:
- ICC Acharya P.C. Ray Award For Development Of Indigenous Technology
- ICC Award For Excellence In Process Design & Engineering
- ICC D.M.Trivedi Lifetime Achievement Award For Contribution To Indian Chemical Industry I. Management Of Industry II. Education & Research (Nominations by way of invitation only)
CATEGORY – I : Companies having Annual Sales Revenue above Rs. 750 Crores
- ICC Award For Excellence In Management Of Health & Safety
- ICC Award For Excellence In Management Of Environment
- ICC Award For Excellence In Energy Conservation And Management
- ICC Award For Social Responsibility Ø ICC Award For Excellence In Human Resource Management In The Chemical Industry
CATEGORY – II : Companies having Annual Sales Revenue below Rs. 750 Crores
- ICC Award For Excellence In Management Of Health & Safety
- ICC Award For Excellence In Management Of Environment
- ICC Award For Excellence In Energy Conservation And Management
- ICC Award For Social Responsibility
- ICC Award For Excellence In Human Resource Management In The Chemical Industry
Nomination Form for the ICC Aditya Birla Award For Best Responsible Care Committed Company and for Certificate of Merit for Best Compliant Company for the Codes under Responsible Care and newly introduced ICC Award For Best Nicer Globe User Company And Award For 3 Best Drivers Sponsored By Companies Using Nicer Globe Platform will be invited separately.
Participation is open to any industrial unit engaged in operation of Refinery; Petrochemicals; Fertilizers; Inorganic & Organic chemicals; Speciality chemicals; Pharma / Biotech; Agrochemicals; Man-made Fibres; Soaps & Detergents; Paints & Pigments; Dyes & Dye Intermediates, Logistics & Warehousing, Service Providers, both in Public and Private Sector.
Further details and nomination forms could be had from the offices of the Council at Mumbai, Delhi, Kolkata, Chennai, Vadodara and Hyderabad. The last date for submitting the nominations (in ICC Mumbai Office) is Friday, 31 May 2019.
Nomination forms could also be downloaded from ICC Website : www.indianchemicalcouncil.com
Dow announces new alkoxylation capacity to meet growing demand
DOW has announced plans to expand its alkoxylation capacity at its existing facility in Tarragona, Spain directly benefiting the Europe, Middle East, Africa and India region. This low capital intensity, high return, incremental investment builds on the previously announced alkoxylation capacity expansion on the U.S. Gulf Coast, to support growing demand and advance Dow's leading positions in attractive consumer, industrial, and infrastructure markets growing above GDP.
“New Dow's more focused, agile, and market-oriented structure enables deeper collaboration with customers and faster response to market opportunities and capacity constraints,” said Ester Baiget, business president of Dow Industrial solutions. “This new capacity optimizes our existing asset infrastructure to enable growth at our customers. It is a true testament to our dedication and passion for seeking solutions that will benefit our customers, our markets and the communities in which we live and work.”
Dow's versatile alkoxylation franchise upgrades basic chemical building blocks in order to produce safe ingredients for cosmetics, household and industrial cleaning, paints and many other products for everyday use. This incremental investment will expand Dow's production of high-quality lubricants, defoamers, specialty surfactants and ethoxylates.
Grauer & Weil (India) Ltd make their presence felt at Fastener Fair India 2019
GRAUER & Weil (India) Ltd participated in Fastener Fair India 2019 held on April 25 and 26 in Mumbai. Fastener Fair is India's premier exhibition of fastener and fixing technology where more than 175 exhibiting companies participated. Grauer & Weil (India) Limited has been a regular participant in this fair since several years. During this year's Fastener Fair, Grauer & Weil (India) focused on machines, tools and the systems for the entire sheet metal manufacturing process. This included metal forming, stamping, pressing, cutting, punching and coating applications. The products for these applications belong to the company's lubricant division. Grauer & Weil (India) has been associated with Fastener Fair exhibitions for a long considering its track record as one of the best platforms that provide excellent networking opportunities with industry professionals, distributors, suppliers.
Grauer and Weil (India) Ltd displayed a host of stellar products mostly related to the Fastener Industry during the expo. The company offers a wide range of specialized lubricants and oils in varied industrial applications under the brand name of GRODAL. With the use of latest and state of the art technologies, the products are designed to give high performance and provide cost effective solutions. Some products are environment friendly and conform to stringent international standards and assure optimum quality to end users.At a time when most industries are moving towards environment-friendly products, Grauer & Weil (India) has a wide range of such products in their repertoire for fastener industries.
Speaking about G&W's participation in the expo, Yashwant Mahajan, DGM, R&D (Lubes), Grauer & Weil (India) Ltd, said, “We are thrilled to be a part of this expo because Fastener Fair India is one of the biggest platforms for stakeholders from the fastener industry to exchange knowledge and create networking opportunities. It has provided great visibility for the company and we were able to reach out to global as well as domestic players. There have been ample networking opportunities and we could also share our expertise with others.”
RAL and IIT sign agreement on strategic cooperation
The RAL gGmbH in Bonn and the IIT - Institute International Trendscouting at the HAWK University of Applied Sciences and Arts in Hildesheim will significantly link their activities in the fields of education and training of professional colour designers as well as joint research projects on the subject of colour. As part of the trade fair "FAF- Europe's trade fair for facade design & interior architecture" in Cologne, the long-standing partners will sign a Letter of Intent on Friday, 22.03.2019, which aims to establish an “Institute FutureResearch in Design”. In the medium term, this institute, which is to be founded in the form of a non-profit association, should also be open to other partners.
"The new cooperation creates additional exciting options for our customers in the area of RAL COLOURS to cooperate with RAL", says Rüdiger Wollmann, Chairman of the Management Board of RAL. "Not least by focusing on research projects on the topics of design, colour and surfaces, we will be able to inform our customers even earlier and more competently about developments to be expected. Talking about colour alone is no longer sufficient today; our customers also expect RAL to provide sophisticated information and inspiration on surfaces and design elements".
"For the IIT at the HAWK, the cooperation with the RAL gGmbH, an internationally established German traditional brand, is an important step towards quality assurance on the subject of colour coding and colour systematics," explains institute founder Markus Schlegel. "In the future, we can guarantee our customers from industry, trade and associations comprehensive colour communication on complex topics of futurology in design. Institute partner Timo Rieke adds: Institute partner Timo Rieke adds: "Two strong partners and market experts are joining forces in the growing market of further education and consulting for start-ups, marketing, design and architecture".