Speaking to CNBC-TV18's Latha Venkatesh at the biannual conference, Varnam, held in Bengaluru, paint sector head honchos said they are all expecting Union Budget 2017 to boost affordable housing and help them recover all the ground lost on account of demonetisation.
 
                                                                                            Second half volume growth for Kansai Nerolac's decorative paints business is likely to exceed first half numbers says, MD HM Bharuka. However, for the automotive segment it depends on GST rates as people might postpone buying in case rates are lower than current, he adds.
 
                                                                                            The company‘s 53 percent of revenue comes from decorative segment says HM Bharuka, MD of Kansai Nerolac.
 
                                                                                            HM Bharuka, Managing Director of Kansai Nerolac says cut in raw material cost due to crude price fall benefited the company‘s margins.
 
                                                                                            Paints maker Kansai Nerolac has decided to sell a 15.86-acre land in Perungudi, Chennai for Rs 550 crore to Brigade Enterprises or a special purpose vehicle led by it, MD HM Bharuka told CNBC-TV18 in an interview.
 
                                                                                            In an interview to CNBC-TV18, HM Bharuka, MD, Kansai Nerolac says that for decorative business, the company will grow at a double digit rate and the company shoule be able to maintain its margins in the range of 12.5 percent.
 
                                                                                            After Kansai Nerolac Paints entered in talks with auto companies to raise the paint prices the stock has been rallying substantially. HM Bharuka, MD of the company told CNBC-TV18 that the fall in titanium dioxide prices will benefit decorative paints segment.
 
                                                                                            HM Bharuka, the managing director of Kansai Nerolac talks to CNBC-TV18 about his company's results. He also outlines their future plans.
 
                                                                                            In an interview with CNBC-TV18, HM Bharuka, MD, Kansai Nerolac outlined the reasons for the company's exit from Nipa Chemicals, what they plan to do with the money, and gave an outlook on business going forward.