Akzo Nobel India announces Q1 2024-25 financial results
Today, the Board of Directors of Akzo Nobel India Limited, a leading paints and coatings company and maker of Dulux Paints, approved the financial results for the first quarter ended 30 June 2024.
City Air News
Aug 1, 2024 04:28
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Bengaluru, 01 August 2024: Today, the Board of Directors of Akzo Nobel India Limited, a leading paints and coatings company and maker of Dulux Paints, approved the financial results for the first quarter ended 30 June 2024.
Highlights Q1 FY25 (compared with Q1 FY24)
· Revenue from operations at ₹1036.3 crore, up 4%
· EBIT from operations at ₹147.1 crore, up 3%
· PAT at ₹114.6 crore, up 4%
· Highest-ever absolute performance across revenue, gross margin, EBIT and PAT
Akzo Nobel India Limited Chairman and Managing Director, Rajiv Rajgopal, said, “In the first quarter, we continued to deliver double-digit volume growth across our operating verticals driven primarily by B2B.
Our gross margins expanded due to cost initiatives and sourcing efficiencies. We continued to invest in our brands and growth initiatives. These resulted in sustained double-digit profitability. We see an increase in the raw material costs in the second half of the fiscal. As a result, we are taking necessary pricing actions without losing competitiveness.
As Akzo Nobel India celebrates its 70th anniversary in India, the Board expresses its gratitude to all our stakeholders for their unstinted support. We remain committed to being an integral contributor to the Viksit Bharat of tomorrow.”
