'Kansai
Nerolac Paints consolidated net sales increased 5.03% to Rs 1918.71 crore
during Q3FY24 compared to Q3FY23. Operating profit margin has jumped from
10.70% to 12.72%, leading to 24.82% rise in operating profit to Rs 244.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 63.47% to 57.58%. Purchase of finished goods cost rose from
6.05% to 6.71%. Employee cost increased
from 5.15% to 6.04%. Other expenses
rose from 14.60% to 17.08%.
Other
income rose 172.76% to Rs 20.13 crore.
PBIDT rose 30.20% to Rs 264.13 crore.
Provision for interest rose 0.81% to Rs 7.47 crore.
PBDT rose
31.32% to Rs 256.66 crore.
Provision for
depreciation rose 5.28% to Rs 48.43...
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