Crude price fall to impact Q4 nos: Kansai Nerolac

Nigel: In terms of your segmental revenue, in terms of industrial as well as automotive where exactly did that miss come about because it is higher single digit but where exactly are you not seeing the kind of demand that you expected?

A: I do not think there is a miss; this was expected in this quarter as I mentioned Diwali was about 15 days earlier compared to the last year, so most of the sale had taken place in the month of September. This quarter was expected to be lower. This was all expected on the expected line and both the decorative as well as industrial divisions have done similar growth, marginally decorative would be lower but I think both segments have contributed equally.

Sumaira: For your company the first half has been very good Q1 and Q2 both in terms of volume growth as well as your topline you have seen a very good traction. If Q3 is considered an aberration can so we expect that you would go back to those 13 percent margins in Q4? Where are you hoping to wrap up FY15 with?

A: If you are talking about topline growth yes, we expect in Q4 we should go back but we need to keep in mind that crude oil prices are actually falling so trade is expecting reduction in the prices and that is why trade is also keeping low inventory so that may have effect on the Q4 number but we will have to wait and watch for that.