India's Kansai Nerolac falls on missing Q2 profit estimate
ReutersNov 4, 2025 4:29 AM
Kansai Nerolac Paints KANE.NS falls as much as 2.4% to more than five-week low of 243.15 rupees
Q2 consol net profit rises 10% y/y, but misses analysts' estimate as stiff competition, extended monsoon hit sales
Macquarie says heavy extended monsoon hurt co's decorative paints segment, with near-term growth seen faltering due to continued rains
KANE last down 1.4%, taking YTD losses to ~7%
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