Clariant India records sales of Rs 1008 crore in 2014

Clariant Chemicals (India) Limited, one of the leading specialty chemicals manufacturers in India, has registered a sales of Rs 1,008.20 crores in 2014 as compared to Rs 1290.00 crores in 2013. After considering the impact of sale of textile, paper and emulsion business (TPE business) effective from October 1, 2013, and sale of leather services business effective from May 1, 2014, the growth in sales on a like-to-like basis was a record 43.6% over previous year, said Clariant in a press release.
 
Considering the exceptional items, the net profit (after provision for tax) is significantly higher at Rs 943.3 crores over the previous year’s Rs. 166.80 crores. The increased cost of raw materials and inflationary rise in other expenses resulted in lowering of PBDIT margin before exceptional items from 11.4% to 3.8%. Exceptional items for the current year mainly represent profit from divestment of leather business and sale of Kolshet site.
 
Dr Deepak Parikh, vice chairman and managing director, Clariant Chemicals (India) Ltd, said, “The company remains focused to improve its core business and look for higher market share in all the business segments in which it operates. The company has been able to record higher sales at sustainable margins, despite external pressures, also in greater part to due an aligned and seamless team work by its employees at all levels. Clariant is committed to accelerated growth in India and will continue its focus on organic and inorganic expansions across the board.”