Clariant India sales up 13.3% for 2013

Clariant Chemicals (India) Limited recorded a sales turnover (net of excise) of Rs 1213.20 crores in 2013 as against Rs 1,071.23 crores in the previous year. Considering the sale of Textile, Paper and Emulsions (TPE) business, effective from October 1, 2013, the net sales has gone up by 25.3% over the previous year, on a like-to-like basis. The net profit after tax including the profit from sale of business, Rs 166.77 crores is higher as compared to Rs 101.30 crores in the previous year. 
 
For the quarter ended December 31, 2013, Clariant India’s sales stood at Rs 270.53 crores - 50.5% on a like-to-like basis. However, due to inflation led cost increases, the profit before exceptional items is lower at Rs 4.3 crores.
 
Dr Deepak Parikh, Vice Chairman and Managing Director, Clariant Chemicals (India) Ltd, said, “Clariant’s  recent business developments are a representation of our accelerated growth plans in the market. India is our key focus region and we plan to invest in the business to explore new opportunities and improve Clariant in India‘s profitability to provide value to all our stakeholders. We have made tremendous progress during 2013 with the same set of highly dedicated and motivated colleagues, equipments and technology; and this unfolds our operational strength which continues to support us to succeed inspite the challenging economic environment. Our commitment remains steadfast on providing innovative and customer focussed solutions across our businesses, for a win-win situation to all.”