Akzo Nobel India, the leading Indian paints and coatings company, reported strong financial results for the fourth quarter of fiscal year 2022-23 (Q4FY23). The company's net profit grew by 27.71% year-over-year (YoY) to ₹95.40 crore, while its revenue from operations increased by 9.78% YoY to ₹957.50 crore.
The company's strong financial performance was driven by a number of factors, including:
- The continued growth in the demand for paints and coatings in India
- The company's focus on innovation and product development
- The company's strong brand equity and pan-India distribution network
In addition to its strong financial performance, Akzo Nobel India also declared a final dividend of ₹40 per share, which is over and above the interim dividend of ₹25 per share. With this, the recommended total dividend for FY23 will be ₹65 per share.
.jpeg)
The strong financial performance of Akzo Nobel India is a positive sign for the company and the Indian paints and coatings industry as a whole. The company is well-positioned to continue its growth momentum in the coming quarters, driven by the continued growth in demand for paints and coatings in India.
Keywords: Akzo Nobel India, Q4FY23, net profit, revenue, dividend, paints and coatings, India
Here are some additional SEO attractive keywords that you can use:
- Akzo Nobel India financial results
- Akzo Nobel India dividend
- Akzo Nobel India paints and coatings
- Indian paints and coatings industry
- Growth of the Indian paints and coatings industry
- Future of the Indian paints and coatings industry
