Akzo Nobel India

Akzo Nobel India shares gain 4% on monetisation plan for immovable property

The rise in the company's stock price followed news of its plan to sell a part of its non-performing immovable properties

Dulux paint maker Akzo Nobel India stock hits new high; zooms 19%

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 Nobel India rallies 5%; hits record high on healthy growth outlook

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.

Akzo Nobel India Q4 results: Net profit rises 13.94% to Rs 108.7 cr

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

AkzoNobel appoints Rajiv Rajgopal as decorative paints South Asia head

The company has also appointed Rohit Totla as sales and marketing director and designated India as the regional headquarters for South Asia, January 1, 2024 onwards

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Akzo Nobel India Q1 net profit rises 42% to Rs 110 cr as margins improve

Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 42.91 per cent increase in its consolidated net profit to Rs 109.9 crore for the quarter ended in June 2023, helped by improvement in margins with softening in raw material costs and demand uptick. The company had posted a net profit of Rs 76.9 crore during the April-June quarter a year ago, Akzo Nobel said in a regulatory filing. Its revenue from operations was up 6.55 per cent to Rs 999.2 crore during the quarter under review as against Rs 937.7 crore in the corresponding period of the previous fiscal. Total expenses of Akzo Nobel, maker of Dulux paints, were up 2.56 per cent to Rs 859.8 crore in the first quarter of FY 2023-24 Commenting over the results Akzo Nobel India Managing Director Rajiv Rajgopal said: "Building on our profitable growth momentum, we delivered a record performance across absolute revenue, EBIT and PAT in the first quarter of FY24. Demand uptick seen across infrastructure, automotive, ma

Indian paints, coatings industry estimated to grow to Rs 1 trn in 5 years

The size of the Indian paints & coatings industry is estimated to grow to Rs 1 lakh crore in the next five years from the present Rs 62,000 crore, said Akzo Nobel India. Besides, the margin for the paints & coatings industry will improve as in FY23, it witnessed softening of raw material prices from their previous highs, said the latest annual report of Akzo Nobel India, a leading player in the segment. "As raw materials account for approximately 55-60 per cent of the input costs, price corrections in crude oil and other essential components resulted in improved margins for the industry," it said. The industry has emerged as an attractive sector, by the entry of several new players in recent times, which are actively investing in infrastructure, technology, and marketing to establish their presence and capture a share of the market, it said. "This heightened competition has prompted existing players to further bolster their capabilities and differentiate themselves in order to

Akzo Nobel India consolidated net profit rises 27% to Rs 95.4 crore in Q4

Paints and coatings maker Akzo Nobel India Ltd on Tuesday reported a 2 per cent decline in its consolidated net profit to Rs 95.4 crore for the fourth quarter ended on March 31, 2023. The company had posted a net profit of Rs 97.4 crore during the January-March quarter a year ago, Akzo Nobel said in a regulatory filing. Its revenue from operations was up 9.72 per cent to Rs 951.4 crore during the quarter under review as against Rs 867.1 crore in the corresponding period of the previous fiscal. Total expenses of Akzo Nobel were at Rs 824.9 crore, up 33.73 per cent in the last quarter of FY23 as against Rs 514.42 crore a year ago. For the fiscal ended March 2023, Akzo Nobel India's net profit was up 15.51 per cent to Rs 335.1 crore. It reported a net profit of Rs 290.1 crore in FY22. Its consolidated revenue from operations was Rs 3,802.1 crore in FY23, 20.75 per cent higher than the preceding fiscal. Shares of Akzo Nobel India on Tuesday settled at Rs 2,506.20 on BSE, up 2.75 per

Akzo Nobel India Q3 net down 4% at Rs 84 cr; revenue up 18% at Rs 914 cr

Paints and coatings maker Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in consolidated net profit to Rs 83.82 crore for the quarter ended December 2021

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Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday

Akzo Nobel India reports Q1 net loss of Rs 20 cr as Covid-19 hits demand

The company had posted a net profit of Rs 57.14 crore during the April-June quarter of the previous fiscal, Akzo Nobel said in a regulatory filing.

Rajiv Rajgopal named Akzo Nobel India MD, to take charge on November 1

Rajiv's earlier experience at managing and growing the Dulux business in India makes him the ideal candidate to take Akzo Nobel India to greater heights, says Amit Jain, chairman, Akzo Nobel India

Akzo Nobel India gains 6% on share buyback plan

The stock rallied 6% to Rs 1,911 on the BSE in intra-day trade after the company said that its board scheduled to meet on Friday, April 06, 2018, to consider proposal to buy-back its own shares.

Akzo Nobel India exits specialty chemicals biz, sells it for Rs 3.2 bn

Akzo Nobel NV announced in April 2017 its intention to separate specialty chemicals business from paints and coatings business

Akzo Nobel seeks shareholders' nod to sell chemical biz to group affiliate

The Rs 320-cr transaction likely to be completed by March-end in 2018

Akzo Nobel India gains on special dividend

The board recommended total dividend of Rs 70 per share including a special dividend of Rs 50 per share for FY16.