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On October 4, Akzo Nobel India received communication from Akzo Nobel NV that AkzoNobel for a portfolio review with initial focus on Deco South Asia.
Akzo Noble India shares climbed following the start of commercial production of powder coating products from its Gwalior plant with an installed capacity of 5,166 tonne per annum.
Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 13.94 per cent increase in consolidated net profit to Rs 108.7 crore in the fourth quarter ended March 2024, driven by volume growth. The company had posted a consolidated net profit of Rs 95.4 crore in the same quarter previous fiscal, Akzo Nobel India Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was Rs 973.4 crore as compared to Rs 951.4 crore in the year-ago period. The increase in revenue was driven by strong double-digit volume growth, the company said. Total expenses were higher at Rs 836.7 crore over Rs 824.9 crore a year ago. Akzo Nobel India said its board has recommended a final dividend of Rs 25 per equity share for the financial year 2023-24 subject to shareholders' approval in the forthcoming annual general meeting. The total dividend for FY24 aggregates to Rs 75 per share, including an interim dividend of Rs 50 declared earlier. For the fiscal ended
Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 44.03 per cent increase in its consolidated net profit to Rs 94.2 crore for the September quarter. The company had posted a net profit of Rs 65.4 crore in the year-ago period, according to a regulatory filing by Akzo Nobel. Its revenue from operations was up 3.24 per cent to Rs 956.3 crore during the second quarter of the current fiscal as against Rs 926.2 crore in the corresponding period of the previous fiscal. Total expenses of Akzo Nobel, maker of Dulux paints, were down marginally to Rs 838.3 crore in the second quarter of FY 2023-24. Akzo Nobel India total income in the September quarter was Rs 965.2 crore, up 3.67 per cent. Commenting on the results, Akzo Nobel India Managing Director Rajiv Rajgopal said, "In Q2 FY24, we continued building on margin improvement and topline growth. Coatings business and B2B segment registered strong growth." "In retail, softening demand and erratic rains muted sales. ...
In the past one month, the stock has outperformed the market by gaining 12 per cent as compared to a 4.4 per cent rise in the S&P BSE Sensex
Chief Executive Thierry Vanlancker said raw material inflation was expected to continue in the remainder of 2018
Akzo first announced plans to sell the business, which accounts for a third of its sales and profit, in April, as it looked to evade a takeover from rival PPG Industries
PPG's third offer values Akzo at $28.8 billion including debt
PPG said its bid represented an increased price of 96.75 euros per AkzoNobel share
AkzoNobel has sufficient takeover defences to block a hostile takeover, an analyst said