Akzo Nobel reported 6.55% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs774.64crmanufacturer of paints and coatings and has its Dulux range of paints and emulsions. The top line has grown steadily on the back of revival in pent-up demand for its residential and industrial coating products.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 13.48% at Rs87.37cr. PAT growth actually mirrored the EBIT growth of 19% on a yoy basis. While the material costs did escalate, it was compensated by reducing the capital locked up in inventories. As a result, the PAT margins improved from 10.59% in Dec-19 to 11.28% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Akzo Nobel India |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 774.64 |
₹ 727.03 |
6.55% |
₹ 606.86 |
27.65% |
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Net Profit (Rs cr) |
₹ 87.37 |
₹ 76.99 |
13.48% |
₹ 66.28 |
31.82% |
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Diluted EPS (Rs) |
₹ 19.18 |
₹ 16.91 |
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₹ 14.56 |
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Net Margins |
11.28% |
10.59% |
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10.92% |
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