MAM
Kansai Nerolac elevates Anuj Jain as MD from 1 April
Mumbai: Kansai Nerolac Paints Ltd (KNPL) has appointed Anuj Jain as the Managing Director effective from 1 April 2022. Jain succeeds KNPL vice-chairman and managing director HM Bharuka, who spearheaded the organisation for 21 years.
“In his new role, Jain will be responsible for steering the next phase of the company’s growth and bolstering the brand’s presence in India, Nepal, Sri Lanka and Bangladesh,” said the company in a statement.
Having started his journey at KNPL in 1990 as management trainee, Jain has been serving the company for over 30 years in various capacities. At KNPL, he played a pivotal role in driving growth organically and inorganically along with business excellence. He also worked with the decorative sales function covering various markets in the North and South regions of India.
Being recognised for his noteworthy contribution and expertise in marketing, Jain rose the ranks to take over as vice-president, decorative marketing and sales in 2003. Subsequently, he was promoted to director, decorative for Kansai Nerolac Paints in 2010. He has been serving as executive director in charge of sales and marketing, manufacturing, technical and human resources functions since 2018.
On being promoted as MD, Jain expressed his gratitude to the board and Kansai Paints Japan for entrusting him with the new responsibility. “The focus on innovations to grow our business is in sync with our plans to establish Nerolac as a ‘Paint+’ brand. Backed by our principal Kansai Paints Japan and the technological prowess we have built in India, we will continue to provide superior, sustainable solutions to our customers,” Jain further added.
Brands
Prataap Snacks posts Rs 1.14 crore Q4 profit, EBITDA up 319 per cent
Yellow Diamond maker posts turnaround with Rs 1.14 crore profit, 10 per cent dividend proposed
NEW DELHI: Prataap Snacks Limited has staged a sharp turnaround in the fourth quarter of FY26, reporting a 319 per cent surge in operating EBITDA and a return to profitability after a challenging previous year.
The Indore-based company, known for brands such as Yellow Diamond and Avadh, posted income from operations of Rs 420.18 crore for Q4 FY26, marking a 5 per cent year-on-year rise. Operating EBITDA climbed to Rs 20.59 crore, while margins stood at 4.9 per cent.
Most notably, the company reported a profit after tax of Rs 1.14 crore for the quarter, reversing a loss of Rs 11.94 crore in the same period last year. Diluted earnings per share improved to Rs 0.48 from a negative Rs 5.00 earlier, signalling a steady recovery in performance.
For the full financial year, consolidated income rose 1 per cent to Rs 1,724.65 crore. Annual operating EBITDA grew 68 per cent to Rs 81.81 crore, while the company posted a net profit of Rs 9.72 crore, compared to a loss of Rs 34.27 crore in FY25.
Reflecting this improved performance, the board has recommended a dividend of 10 per cent, equivalent to Rs 0.50 per share on a face value of Rs 5.
Prataap Snacks Limited managing director Amit Kumat said the recovery was driven by sharper execution and data-led decision-making, including the use of Sales Force Automation analytics. The company also expanded its distribution network to over 5,000 distributors and strengthened its presence on quick commerce platforms.
Looking ahead, the company expects double-digit revenue growth in FY27, though it remains cautious about inflationary pressures on key inputs such as packaging materials and edible oil. Management plans to offset these through tighter cost controls and calibrated pricing strategies.
With profitability back on track and operations stabilising, Prataap Snacks appears to be regaining its footing in an increasingly competitive packaged foods market.
