Kansai Nerolac the second largest paint company in India and leader in industrial segment, having a turnover of Rs 2,493 crore posted a 26.66 percent increase in nett profit at Rs 52.68 crore for the third quarter ending December 31, 2011. Net sales of the company rose to Rs 665.52 crore for the third quarter, compared to Rs 560.13 crore for the same period last year.
|Nerolac Franchise Outlet|
Nerolac Impressive Zone, The companies larger outlets will also increase by around 5-10 stores from the existing 28 exclusive outlets.
The company's Managing Director, H M Bharuka said "We have lined up Rs 400 crore to increase the capacity to three lakh tonnes from the existing 2.05 lakh tonnes by September.Going by the trend, we expect a similar double-digit growth in revenue in the next quarter as well."
While the Industry grew by 15%, the companies decorative segment grew by 25% and the industrial segment by 16%, marking overall growth for Nerolac Kansai.
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