AkzoNobel India releases Q3 FY 2019-20 results
Akzo Nobel India, a leading Paints and Coatings company and makers of Dulux Paints, today
at the Board meeting announced its unaudited financial results for the quarter ended December
31, 2019.
Performance highlights
Q3 FY20 versus Q3 FY19
Commenting on the performance, Rajiv Rajgopal, Managing Director, Akzo Nobel India said, “Overall in the quarter, the industry saw muted growth because of sluggish demand and
slowdown in automobile and real estate sectors. We continued to focus on profitability
improvement on the back of improved mix and cost management.”
“We’re proud that AkzoNobel’s coating technology has been applied on high-speed trains in
India providing sheen, protection against corrosion as well as anti-scratch properties,” added
Rajiv Rajgopal.
The third phase of the solar installation project in our Thane plant has been commissioned
recently. Renewable energy usage is also steadily growing in all sites, which illustrates our
commitment to reducing our environmental footprint.
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