Akzo Nobel India announces Q4 and full-year results for 2021-22

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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 and the year ended 31 March 2022. Performance highlights
Year ended 31 March 2022
 Highest ever Revenue from operations at ₹ 3,148.6 crore, up by 30% Highest ever EBIT from operations at ₹ 356.4 crore, 34% up; Delivers double digit profitability at 11.3%  Profit after tax (PAT) at ₹ 290.0 crore, up by 40%Q4 FY22 versus Q4 FY21
 Revenue from operations at ₹ 867.1 crore, up by 11%  EBIT from operations at ₹ 100.0 crore, up by 5%  Profit after tax (PAT) maintained at ₹ 74.6 crore 
Sharing an overview on the fourth quarter performance, Rajiv Rajgopal, Managing Director, Akzo Nobel India said, “Akzo Nobel India continued to report double-digit topline growth for five consecutive quarters. Our innovation focus continued with two differentiated launches – Dulux Floor Plus in floor coatings and Dulux Simply Refresh in the Do-It-Yourself category in decorative paints. Demand buoyancy in infrastructure, power, mining and packaging sectors propelled the Coatings business. Calibrated pricing initiatives offset the increase of raw material and other variables cost and resulted in sequential improvement in margins.” “In the year ended 31 March 2022, Akzo Nobel India Limited made strong progress on its Grow & Deliver ambitions and registered highest-ever Revenue and highest-ever Profit from Operations. In a challenging business environment, we continue to post double-digit profitability for three straight years,” added Rajiv.Dividend proposal
“On the momentous 75th Anniversary of India’s Independence, the Board of Akzo Nobel India expressed its gratitude to shareholders for their unstinted support and proposed a final dividend of ₹ 35 per share. With this, the recommended total dividend for 2021-22 will be ₹ 75 per share”, said Mr. Oscar Wezenbeek, Chairman, Akzo Nobel India. This one-time proposal is subject to shareholder approval.

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