There is little immediate evidence of a sharp turnaround. Kansai Paint, the company’s Japanese parent, recently outlined strategy for its Indian subsidiary, reiterating a sharper focus on industrial and automotive coatings – segments that contribute about 55% of revenue and are expected to drive medium-term growth. Decorative paints, by contrast, are seen recovering only gradually.
Kansai Nerolac bets on industrial paints—but is that enough?
