Slides
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Q1 - Investor Presentation 3rd August 2026 Page 2 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. This presentation may contain statements which reflect management’s current views and estimates and could be construed as forward making statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being expressed. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments Disclaimer Investor Presentation 3rd Aug’26 Page 3 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. AGENDA 4. Industrial Update 5. Financial Performance 6. Risk and Outlook 3. Decorative Update 2. Business Environment1. Nerolac Story Investor Presentation 3rd Aug’26 Page 4 of 36 KANSAI
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. NEROLAC STORY Investor Presentation 3rd Aug’26 Page 5 of 36 □
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Purpose: Create environments for a healthy and beautiful future Vision: We design solutions that protect, inspire and touch lives everyday ESG: Water Positive, Emission reduction, Green energy CC Tile EV Underbody, Alloy Wheel BRIDGE METRO HELMET TWO WHEELERCARREFRIGERATORWASHING MACHINEMICROWAVEHAIR CLIP ARTIFICIAL JEWELLERY EXTERIOR WALL FAN INTERIOR WALL WOODAC TOWEL METAL Investor Presentation 3rd Aug’26 Page 6 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. We Are A Powerhouse Of Paint 2nd Strongest Consumer Paint Brand Expertise and Legacy THE NEROLAC JINGLE Ranked in No.2 among paint brand （Brand equity index) R&D • State of the art R&D center • Technological Tie Ups • Innovative technologies • Cutting-edge Solutions JAPANESE TECHNOLOGY LEADERS IN INDUSTRIAL PAINT+ PRODUCTS IN DECORATIVE Innovator’s Spirit Brand Nerolac “Emotional Connect builds long-term equity” CORE VALUES Integrity Accountability Respect Entrepreneurial Mindset InnovationCustomer Focus Investor Presentation 3rd Aug’26 Page 7 of 36 [(KANSAI PAINT * • • + * • • i care ! * • • 0 • • NEROLAC -~
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Employee Value Proposition WHERE YOUR PASSION TAKES COLOUR This year, we introduced our Employee Value Proposition, ‘Where Your Passion Takes Colour,’ reflecting our belief that the passion of our workforce is central to everything we do. Through this proposition, we aim to foster a positive environment that encourages growth, ownership, continuous learning and open communication across the organisation. Launched our Employee Value Proposition Investor Presentation 3rd Aug’26 Page 8 of 36 [(KANSAI PAINT WHERE YOUR PASSION TAKES COLOUR NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. BUSINESS ENVIRONMENT Investor Presentation 3rd Aug’26 Page 9 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Good demand in Automotive Business Environment Q1 26-27 Govt. focus on Infrastructure Significant Crude Price Increase Geopolitical Challenges Sharp Depreciation in Rupee Delayed Onset of Monsoon Investor Presentation 3rd Aug’26 Page 10 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. DECORATIVE UPDATE Investor Presentation 3rd Aug’26 Page 11 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. 10 Decorative Strategy BRANDING & MEDIA SPEND CONSTRUCTION CHEMICAL WATERPROOFING WOOD FINISH PROJECTS BUSINESS (B2B) INFLUENCER PROGRAM NEW PRODUCTS NETWORK EXPANSION & FOCUS GEOGRAPHY Driving Strategic Business Outcomes through: Investor Presentation 3rd Aug’26 CRM Scheme Management Integrated Business Planning Distributorship Management Software Page 12 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Decorative Highlights Investor Presentation 3rd Aug’26 Services is aiding the Primary business with Mid-Single-Digit % contribution of Decorative Business • Paas: Present in 250+ cities • AID: Present in 45+ cities • Pragati: 65K+ Painter participation Increase Geographical Reach 80+ Cities Build pipeline of Project Sites Separate range of Products – Super Series Retail Project/ Institutional Business Network Expansion NXTGEN & AID DOUBLE -DIGIT GROWTH 1,700+ Dealers added to the network Distribution Network • Distribution expansion in low presence towns Page 13 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. ❑ Explore & execute international collaborations for launching technology backed solutions ❑ Focus Market and Focus Product approach CONSTRUCTION CHEMICAL, WATER PROOFING & WOOD FINISH CONSTRUCTION CHEMICAL & WATER PROOFING PREMIUM WOOD FINISH APPLICATIONSAPPLICATIONS Water-proofing Wood flooringPigmented Wood systemWaterborne coatingTile Adhesives Admixture ❑ Focus on Weighted Contractors engagement to drive Primary Growth ❑ Focus Market and Focus Product approach DOUBLE -DIGIT GROWTH HIGH SINGLE -DIGIT GROWTH Investor Presentation 3rd Aug’26 Page 14 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. 15 All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Retail Platform for Customers (Offline) NXTGEN SHOPPE 180+ NXTGEN SHOPPE NEROLAC PAINT+ ZONESHOP IN SHOP 380+ NP+ ZONE270+ SHOP IN SHOP Investor Presentation 3rd Aug’26 Page 15 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Product Portfolio NewNew Super Premium Premium Economy Super Premium Premium Economy Investor Presentation 3rd Aug’26 INTERIOR EMULSION EXTERIOR EMULSION Page 16 of 36 [(KANSAI PAINT "< NEROLAc ' IMPRESSIONS SHEEN
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Product Portfolio New Premium Wood Finish Range Waterproofing Perma Tile Adhesive Other Range Popular Wood Finish Range Investor Presentation 3rd Aug’26 Page 17 of 36 [(KANSAI PAINT ~ l_J NEROLAC ~ l_J
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. E X T E R I O R P R E M I U M EXCEL EVERLAST 20 Bulletproof Protection — Industry First India's first exterior paint with a 20-year warranty. Engineered with Bulletproof Nano-Silica technology for superior durability, crack bridging up to 2mm, and weather resistance. Nano-Silica Tech Anti-Algal N-Cap PU-Silicon Chem Crack Bridge 2mm ★ 20 Years Performance Warranty New Product Highlight Investor Presentation 3rd Aug’26 E X T E R I O R E M U L S I O N Rich Sheen. Superior Protection. Lasting Performance. Premium water-based exterior emulsion that protects and beautifies floor tiles and cement surfaces with rich sheen, anti- fungal protection, and superior abrasion resistance. Excellent Adhesion High Abrasion Resistance Non-slip & Anti-Algae Vibrant Sheen Finish W A T E R P R O O F I N G Elastomeric Waterproof Coating High-strength, fibre-reinforced, elastomeric, liquid-applied waterproof coating. It is formulated with resilient acrylic copolymers and reinforcing fibres. Upon curing, it forms a thick, seamless, durable membrane that offers ultimate waterproofing. Upto 10°C Temperature Reduction Excellent Dirt Pick-up Excellent Weather Resistance Low VOC EXCEL TOTAL FLOOR COAT PERMA NODAMP NXT ★ 2 Years Performance Warranty ★ 10 Years Performance Warranty Page 18 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Media Campaign – Excel Everlast Investor Presentation 3rd Aug’26 ~550Mn+ Impressions across key geographies 110Mn Views on Social Media 52Mn Views on YouTube ~2Mn Clicks 30Mn+ Views on Reel 1.2Mn+ Views on YT Shorts DIGITAL PLATFORMS: REACH & ENGAGEMENT Page 19 of 36 [(KANSAI PAINT
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Media Campaign – No Heat Investor Presentation 3rd Aug’26 REACH & ENGAGEMENT ~210Mn+ Impressions in key geographies experiencing extreme heat 15Mn+ Views on YouTube 20Mn+ Views on Meta ~2.5 Lac Clicks 4 AI Videos Generative storytelling built around the heat-resistance narrative Temple Videos Culturally resonant placements filmed at temple locations Drone Videos Aerial visuals showcasing scale and real-world application Page 20 of 36 [(KANSAI PAINT HEAT KO KARO BEAT WITH NOH EAT " COMPARED TO CURRENT MARKET SOLUTIOMS Bringing Comfort and Faith Together I Nerolac Perma NoHeat Initiative 6.2M views • 2 months ago NEROLAC House So Cool, Even Penguins Moved In 672K views • 1 month ago
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Advertisement and Digital Marketing 160+ OOH Hoardings across 27 cities Investor Presentation 3rd Aug’26 Page 21 of 36 [(KANSAI PAINT
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. INDUSTRIAL UPDATE Investor Presentation 3rd Aug’26 Page 22 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Automotive Business CONTINUE TO EXPAND THE BUSINESS ➢ We are accessible to the global latest technology through the tie-up with Japan and other countries ➢ Focus on Innovation, creating new and enhancing existing technologies ▪ Water based, High Solids, Low Bake Technology ➢ Introduce paints with Superior and unique functionalities ▪ High durable, superior finish, Corrosion resistance, Workability Strengths/ Uniqueness New Business New Segment ➢ Increase presence in identified accounts ➢ Thrust on EVs ➢ Seam sealer & Underbody black ➢ Alloy wheels ➢ PT & Booth chemicals ▪ Auto segment witnessed strong growth ▪ Focus on Innovation and creating New technologies to increase Total Addressable Market Business Performance Investor Presentation 3rd Aug’26 Page 23 of 36 [(KANSAI PAINT NEROLAC I -~-""~' , I '
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. ▪ Powder coating witnessed robust growth ▪ Strong growth witnessed in Auto Ancillary, AC and Electrical Segment ▪ Focused Products like Metallic Powders witnessed healthy growth Performance Coating Business Investor Presentation 3rd Aug’26 Premiumisation New Technologies Strengthen dealer network ▪ PC liquid segment witnessed strong growth ▪ Strong growth witnessed in Construction Equipment, Drums & barrels and coil coating segment Business Performance – GI+HPC General Industrial & High Performance Coating Powder Premiumisation New Technologies Maintain High M/S Infrastructure • Bridges • Railways • Construction • Appliances • Electricals • Fluoropolymer • Anti Carbonation • High Solids • Direct to metal • Low bake systems • Water based Technology • Dealer expansion • Entry to untapped geography • Rebar • Construction • Alloy wheels • Super durables • Pipe coating • Heat resistant • Low bake/ Fast cure • Bonded metallic • Anti Dirt pick up • Thermoplastic • Network Expansion • New Approvals Business Performance - Powder Page 24 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Auto Refinish (ARF) ▪ Growth flattish ▪ In the Premium PU, we have notable Bodyshop wins ▪ The conversions from solvent borne to waterborne paint system is transitioning as per plan Business Performance Investor Presentation 3rd Aug’26 Premiumisation New Technologies Network Expansion • Increase sale of Premium PU • High solids paint system • Water borne coatings • Increase count of body shops • New approvals Page 25 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Focus on enhancing Finishes and Functionality, offer versatile Applications and prioritize Environmental Sustainability New Products – Industrial Automotive Powder CoatingPerformance coating Liquid Tine Free CED: • Extension of Tin Free CED with higher solids to key accounts Premium clear Finish: • Matt clear, silky smooth finishes for premium 2W with dual tone High Durable Top coat: • Developed for CV application with 1200 hrs QUV resistance Environmental Sustainability Finishes & Functionality Versatile Applications Water based Technology: • Low VOC applications Anti-carbonation system: • Developed for Metro Infrastructure and other link road structures High Scratch Resistance Paint: • Developed for coil coating for façade and appliance applications Heat Resistant coating: • Developed for direct flame applications like furnace, fire-pit. Powder primer compatible with liquid top coat: • Developed for alloy wheels Transition from liquid to Powder: • Low VOC Investor Presentation 3rd Aug’26 Page 26 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Performance Coating Paints DIVERSE APPLICATIONS, DIVERSE BUSINESS OPPORTUNITIES Powder High Performance CoatingsGeneral Industrial White Goods Kitchen Rebar Washing MachineAir conditioner Alloy Wheels Can Coating Construction Equipment Helmet Agricultural Equipment Plant Floor Coating Bridges Coil Coating Investor Presentation 3rd Aug’26 Page 27 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Accolades Decorative Investor Presentation 3rd Aug’26 ABBY 2026 Awards 1 Grand Prix, 1 Gold, 6 Silver and 3 Bronze Manufacturing “Golden Peacock Award” for “Energy Efficiency” at Hosur Plant Page 28 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Capacity Expansion Investor Presentation 3rd Aug’26 Sayakha Plant Bawal Plant Hosur Plant Automotive Resin Powder Coating Automotive Automotive Capacity Expansion at Sayakha, Bawal and Hosur ~ Rs. 600 Cr Business Segments: Business Segment:Business Segment: Total Capacity Addition- Paint+Powder: (65880 KL/Year) & Resin: (9780 KL/Year) Page 29 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. ESG Rated in the Top 12 Percentile within the Chemical Industry Group in the S&P Global Large-Midcap ESG Index 2025 Rated in the Top and ranks 16/548 in the chemical industry and received Low risk rating indicating lower ESG risk. Recognized in the “Strong ” Category by CRISIL ESG Ratings 2026 KNPL has been awarded a Bronze Medal in EcoVadis. This result places KNPL among the top 18% of companies assessed by EcoVadis KNPL was rated in “B Category” in Climate Change and Water Security in CDP Cycle 2025 2026 2026 20252026 2025 Investor Presentation 3rd Aug’26 Page 30 of 36 [(KANSAI PAINT - - - - - - - - - - - - - - - - - - - - , - - - - - - - - - - - - - - - - - - - r- - - - - - - - - - - - - - - - - - - "" - - - - - - - - - - - - - - - - - / BRONZE I Top 35% ecovadis Crisil ESGRafngs &Analytics SUSTAINALYTICS a Morningstar company ----- L..----- DISCLOSURE INSIGHT ACTION NEROLAC S&P Dow J1ones Indices A Diviaiorn of S&P Global
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. FINANCIAL PERFORMANCE Investor Presentation 3rd Aug’26 Page 31 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Financials Standalone Q1 Rs. In Millions Q1 % to Q1 % to 2025-26 Net Revenue 2026-27 Net Revenue Net Revenue 20874.2 100.0 22995.2 100.0 Material Cost 13336.2 63.9 14940.6 65.0 Operating Expenses 4418.3 21.2 4695.7 20.4 PBDIT 3119.7 14.9 3358.9 14.6 PBT 3100.8 14.9 3257.5 14.2 PAT 2308.5 11.1 2423.4 10.5 Growth (Q1 2026): Net Revenue: 10.2%; PBDIT: 7.7%; PBT: 5.1% Investor Presentation 3rd Aug’26 Page 32 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Financials Consolidated Q1 Growth (Q1 2026): Net Revenue: 9.8%; PBDIT: 8.3%; PBT: 5.8% Rs. In Millions Q1 % to Q1 % to 2025-26 Net Revenue 2026-27 Net Revenue Net Revenue 21620.3 100.0 23735.9 100.0 Material Cost 13820.7 63.9 15439.8 65.0 Operating Expenses 4768.1 22.1 5012.4 21.1 PBDIT 3031.5 14.0 3283.7 13.8 PBT 2954.6 13.7 3124.6 13.2 PAT 2155.9 10.0 2284.1 9.6 Investor Presentation 3rd Aug’26 Page 33 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. RISK & OUTLOOK Investor Presentation 3rd Aug’26 Page 34 of 36
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Risk and Outlook • As per RBI, sustained demand from infrastructure and Construction sectors. • Continuous monitoring of the market situation in view of continued geo-political disturbance • Automotive demand to be buoyant driven by new launches and inventory build up for festive period • Consumer sentiment may get impacted due to inflationary environment Risk Outlook • Geopolitical conflicts leading to supply chain disruptions • High commodity prices due to high Crude Oil price and Raw Material availability uncertainty • Imports cost surge due to Rupee depreciation Investor Presentation 3rd Aug’26 Page 35 of 36 [(KANSAI PAINT NEROLAC
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All rights for this presentation are reserved with Kansai Nerolac Paints Limited. THANK YOU All rights for this presentation are reserved with Kansai Nerolac Paints Limited. Investor Presentation 3rd Aug’26 Page 36 of 36 [( KANSAI PAINT NEROLAC