Akzo Nobel India announces Q2 results for 2022-23

Today, the Board of Directors of Akzo Nobel India Limited, a leading paints and coatings company and maker of Dulux Paints, approved the financial results for the quarter ended 30 September 2022.

Performance highlights

Q2 FY23 versus Q2 FY22

§ Revenue from operations at ₹926.2 crore, up by 25%

§ EBIT from operations ₹86.8 crore, up by 15%

§ PAT ₹65.4 crore up by 17%

Sharing an overview on the second quarter performance, Rajiv Rajgopal, Managing Director, Akzo Nobel India said,

“The double-digit topline growth across paints and coatings was led by pricing actions and marketing campaigns for key propositions ahead of festive season. Our focus continues to be on improving margins and cost rationalization. Decorative paints momentum was led by premium portfolio, robust demand from urban geographies and the conducive real estate sector providing tailwind to projects. Improved demand from infrastructure, oil and gas, automotive and architecture drove coatings growth”.