AkzoNobel India announces Q2 FY 2016-17 results
Revenue at ₹761 Crore; up by 7%.
Operating profit at ₹56 crore; up by 28%.
Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited financial results for the quarter ended September 30, 2016.
AkzoNobel India Limited (Q2 FY17 versus Q2 FY16)
- Revenue at ₹761 crore as compared to ₹711 crore of the corresponding quarter of the previous year; growth of 7%
- Operating Profit at ₹56 crore as compared to ₹44 crore of the corresponding quarter of the previous year; growth of 28%
- Profit after tax(PAT) at ₹42 crore as compared to ₹35crore of the corresponding quarter of the previous year; growth of 18%
Jayakumar Krishnaswamy, Managing Director, Akzo Nobel India:
“This quarter Akzo Nobel India delivered a double digit growth in volume and 28% growth in operating profit continuing its growth momentum. The company’s robust performance has been driven by innovation through growing brands, strong cost management and focus on sustainable operations. The company has also broken ground on its new powder coatings plant in Mumbai. The new facility will complement the company’s existing plant in Bangalore, doubling its installed capacity.
AkzoNobel India, under its global Human Cities initiative, has taken great strides in contributing towards the community through projects that make cities more liveable. Our flagship endeavor, the AkzoNobel Paint Academy, has been instrumental in facilitating a positive change in skill enhancement for a better
About AkzoNobel India
AkzoNobel creates everyday essentials to make people’s lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential colour to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Consistently ranked as a leader in sustainability, we are dedicated to energising cities and communities while creating a protected, colourful world where life is improved by what we do.
AkzoNobel India has been present in India for over 60 years and is a significant player in the paints industry. In 2008, the company became a member of the AkzoNobel Group. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Interpon. With employee strength of close to 1,900, AkzoNobel India has manufacturing sites, offices and a distribution network spread across the country. All manufacturing facilities have a state-of-the art environmental management system. Its commitment to Health, Safety, Environment & Security (HSE&S) has been among the best in class globally, with due care being taken to protect the people and the environment.
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