Arttimez, Novermber 11, 2024 : The Board of Directors of Akzo Nobel India Limited, a paints and coatings company and maker of Dulux Paints, approved the financial results for the quarter and half year ended 30 September 2024. In Q2 FY25 compared to Q2 FY24 their income from operations grew by 3% to ₹982.3 crore, EBIT to ₹124.2 crore, 3% and PAT to ₹97.9 crore by 4%.
Commenting on this, Akzo Nobel India Limited Chairman and Managing Director, Rajiv Rajgopal said, “In Q2 FY25, we continued to deliver volume growth while maintaining profitability. Topline growth was led by strong B2B performance across paints and coatings. While there has been an increase in raw material costs, we invested in growth and protected our double-digit profitability by optimizing operational expenses. In the first half of FY25, despite challenging market conditions, we continued to deliver growth while holding our profitability.”
“Based on the Company’s strong performance in the first half of FY25 and to commemorate completion of Akzo Nobel India’s 70th year in India, the Board is delighted to announce an interim dividend of ₹70 per share for FY25,” added Mr. Rajiv Rajgopal.
Highlights Q2 FY25* (compared with Q2 FY24**)
• Revenue from operations at ₹982.3 crore, up 3%
• EBIT from operations at ₹124.2 crore, up 3%
• PAT at ₹97.9 crore, up 4%
H1 FY25 (compared to H1 FY24)
• Revenue from operations at ₹2,018.6 crore, up 3%
• EBIT from operations ₹271.3 crore, up 3%
• PAT ₹212.5 crore, up 4%
