Akzo Nobel India Ltd Share Price – NSE  /  BSE

Paints/Varnish, Small Cap

Akzo Nobel India will hold a meeting of the Board of Directors of the Company on 16 May 2024.

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Akzo Nobel India welcomed the actor Yash, as the new brand ambassador for its Dulux Weathershield exterior emulsions in India.

Starting this week, fans and paint consumers will witness Yash in a bold avatar as he brings alive the latest 'It's Colourful. It's Powerful' campaign featuring the super-premium Dulux Weathershield Powerflexx offering of the exterior emulsion range. The campaign will be launched across traditional and digital platforms in India

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Akzo Nobel India announced that the Board of Directors of the Company at its meeting held on 6 February 2024, inter alia, have recommended the interim dividend of Rs 50 per equity Share (i.e. 500%) , subject to the approval of the shareholders.

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Revenue from operations rose 4.65% to Rs 1032.7 crore in Q3 FY24 as compared with Rs 986.80 crore in Q3 FY23.

Profit before tax grew 15.12% year on year (YoY) to Rs 151.50 crore in the third quarter of FY24.

EBITDA margin stood at 16.1% in Q3 FY24 as against 14.5% posted in Q3 FY23.

Total expenses rose 2.53% to Rs 889.60 crore in Q3 FY24 as compared with Rs 867.60 crore in Q3 FY23. Cost of material consumed stood at Rs 460.70 crore (down 4.14% YoY), employee benefit expense was at Rs 82.20 crore (up 7.45% YoY) during period under review.

On nine-month basis, the company's consolidated net profit jumped 33.38% to Rs 317.90 crore on 4.82% rise in net sales to Rs 2,988.2 crore in 9M FY24 over 9M FY23.

Akzo Nobel India is a leading paints and coatings company and maker of Dulux Paints.

The counter hit an all time high of Rs 3,076.40 in today’s intraday session.

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