Kolkata: The Board of Directors of Akzo Nobel India Limited, renowned for its Dulux Paints, has greenlit the financial results for the fourth quarter and the fiscal year ending on March 31, 2024.
Commenting on the financial milestones, Rajiv Rajgopal, Chairman and Managing Director of Akzo Nobel India Limited, remarked:
“Building on our record growth trajectory for the third straight year, Akzo Nobel India closed FY24 with new highs in absolute performance across revenue, gross margin, EBIT from operations and PAT. While doing so, our double-digit profitable momentum of five years gained further traction.
In the fourth quarter, double-digit volume gains made in our operating segments and saw an expected moderation on account of the industry-wide price corrections with demand being driven by value and B2B business. Sustained raw material deflation and favourable mix allowed us to invest in brand awareness and growth, while delivering further margin and profit expansion.”
Dividend Proposal
“Committed to enhancing value for its shareholders, The Board of Akzo Nobel India has proposed a final dividend of ₹ 25/- per share subject to shareholders’ approval, taking the recommended total dividend for FY24 to ₹ 75/- per share,” added Mr. Rajiv Rajgopal.
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Recent Highlights
- Celebrity Endorsement: Rocking star Yash announced as the new brand ambassador for Dulux Weathershield, strengthening the association of Dulux Weathershield Powerflexx with Indian consumers.
- Product Launch: Introduction of Dulux Professional Interior A100, the debut affordable acrylic distemper in India, offering superior coverage and anti-chalking properties.
- Innovation: Launch of RELEST Wind WB Topcoat LI from AkzoNobel’s International range, designed for wind blades with high abrasion resistance and longevity.
- Technology Breakthrough: Commercialization of Interpon AM, an antimicrobial powder coating, ideal for high-traffic areas like public transport, airports, and schools.
Award & Recognition
Dulux recognized with the ‘Most Trusted Brands of India’ award for the second consecutive year, affirming Indian consumers’ trust in Dulux products and services.
About AkzoNobel
With a legacy dating back to 1792, AkzoNobel is a global leader in innovative paints and coatings, offering brands like Dulux, International, Sikkens, and Interpon. Operating in over 150 countries, we are dedicated to sustainable solutions, enriching everyday life while preserving the planet for future generations.
