AKZO NOBEL INDIA LIMITED 
By
Kolkata, August 9, 2012
Today, the Board of Directors of Akzo Nobel India Limited
approved the unaudited financial results for the first
quarter (ended 30th June) of the FY 2012-13.
Unaudited financial results - Performance Highlights*
AKZO NOBEL INDIA LIMITED (Q1 FY 2012-13 as against Q1 FY
2011-12)
-
Total income for the quarter is 5498 million rupees as
against 3386 million rupees; a QoQ growth of 62%
-
Earnings from Operations at 440 million rupees as against
418 million rupees; a QoQ growth of 5%
-
Raw material cost increase of 14% and currency
depreciation have impacted operating margin
-
Stepped up investments in brand and new products in
coating segments
-
Other Income for the quarter at 355 million rupees has
dropped by 78 million rupees, due to staggered maturity
of investments, partially offset by tax refund
- Profit after tax (PAT) for the quarter is 609 million rupees as against 680 million rupees; a QoQ decline of 10%
Comments:
Amit Jain
Managing Director, Akzo Nobel India
"Inspite of uncertain market conditions, all coatings business segments continue to demonstrate robust growth propelled by ongoing investments in brand and distribution. New product innovations and capacity additions are also contributing to the incremental growth."
About Akzo Nobel India Limited:
Present in India for over 100 years and a significant player in the Paints industry. Over the years, it witnessed sustained expansion, growth and transformation. In 2008, Akzo Nobel N.V. became owner of the entire equity share capital of Imperial Chemical Industries Ltd., by virtue of which the Company became a member of the AkzoNobel Group. Akzo Nobel India manufactures and markets paints, coatings and specialty chemicals. In 2012, three AkzoNobel Group companies in India, namely, Akzo Nobel Car Refinishes India Private Limited, Akzo Nobel Chemicals (India) Limited, Akzo Nobel Coatings India Private Limited got merged with Akzo Nobel India Limited, thereby expanding the Company's presence in a wide range of coatings covering Decorative, Powder, Marine & Protective, Automotive & Aerospace, Coil & Specialty Plastics. Dulux is its most popular brand of its Decorative coatings business while the Performance Coatings business provides solutions to many industries and sectors including automotive, consumer electronics, power, aviation, shipping & leisure craft, construction, oil & gas, water & waste water, food & beverages, etc. Its chemicals business in India sells more than 30 products grouped under organic peroxides, metal alkyls and Polymer additives to pharmaceutical companies, polymer producers, composite & rubber industry. Every year we try and introduce new products tin India to further strengthen our position as an innovative specialty chemicals company. With employee strength of over 1700, Akzo Nobel India has manufacturing sites, offices and distribution network spread across the country. Its commitment to Health, Safety, Environment & Security (HSE&S) has been amongst the best in class globally, with due care being taken to protect the people and the environment.
Company contacts:
R Guha, Investor Relations, Akzo Nobel India;
investor.india@akzonobel.com
Humsa Dhir, Country Communications, Akzo Nobel India;
humsa.dhir@akzonobel.com
Shankhadipa Talukdar, Genesis Burson Marstellar;
Shankhadipa.talukdar@bm.com
Safe Harbour Statement:
This press release contains statements which address such key issues as Akzo Nobel's growth strategy, future financial results, market positions, product development, products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures.
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