Akzonobel

Akzo Nobel Q1 results: Net profit falls 20.5% to ₹91 crore on weak demand

Paints and coatings maker Akzo Nobel India Ltd on Monday reported a 20.6 per cent decline in consolidated net profit to Rs 91 crore in the June quarter, impacted by lower sales amid tepid consumer demand. It had posted a consolidated net profit of Rs 114.6 crore in the corresponding period last fiscal, Akzo Nobel India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 995.1 crore as compared to Rs 1,036.3 crore in the year-ago period, it added. Total expenses in the April-June quarter were marginally lower at Rs 881.6 crore against Rs 891.7 crore in the same period a year ago, the company said. The company, in which JSW Paints had agreed to buy a 74.76 per cent stake for Rs 8,986 crore last month, followed by an open offer to buy another 25 per cent from the open market for up to Rs 3,929.06 crore, said its board has approved a one-time special interim dividend of Rs 156 per share. Akzo Nobel India Chairman and Managing Direc

JSW nears deal to buy 75% stake in Dulux paints maker AkzoNobel India

Sajjan Jindal is said to have personally led negotiations for the deal, valued at approximately ₹12,000 crore

Blackstone offers $1.2 billion for AkzoNobel's India paint business

Transaction expected to cost around $1.2 billion, say bankers

OMCs, paint, aviation stocks gain as Brent crude oil slips below $70/bbl

At close, Hindustan Petroleum Corporation (HPCL) was up 3.66 per cent, Bharat Petroleum Corporation (BPCL) was up 3.6 per cent and Indian Oil Corporation (IOC) was up 2.4 per cent

AkzoNobel appoints Rajiv Rajgopal as decorative paints South Asia head

The company has also appointed Rohit Totla as sales and marketing director and designated India as the regional headquarters for South Asia, January 1, 2024 onwards

Netherlands jumps 5 places to become India's 5th-largest export destination

Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place

AkzoNobel India seeks approval to buyback 1.1 mn shares worth Rs 2.35 bn

Shares of Akzo Nobel India ended 0.39 per cent lower at Rs 1,934 on BSE

Careful who you CC: Hedge fund Elliott accidentally emails AkzoNobel

AkzoNobel's director of investor relations Lloyd Midwinter was mistakenly included as addressees

AkzoNobel Q4 net rises 17% to Rs 52.6 cr

Net sales increased 14.7% to Rs 662.5 cr