| Gurugram, November 12, 2021 Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited financial results for the quarter and six months ending September 30, 2021. Performance highlights Q2 FY’22 versus Q2 FY’21 ” Grows Revenue from operations 22% over previous year to ?740.8 crores ” EBIT from operations at ?75.1 crores; Delivers double digit profitability at 10.1% ” Profit after Tax (PAT) at ?55.7 crores Commenting on the quarter performance, Rajiv Rajgopal, Managing Director, Akzo Nobel India Limited said: “Amidst an inflationary environment, Akzo Nobel India demonstrated its Grow and Deliver ambition with sustained double-digit growth in value and volume, across both businesses. We delivered strong growth across geographies, categories and segments. We mitigated the dilution of margins through a combination of pricing and cost control initiatives.” He added, “The quarter witnessed unprecedented raw material inflation and supply chain disruptions and accordingly, margin management continues to be our focus.” Mr. R Krishna has been appointed as a Wholetime Director and Chief Financial Officer of the Company with effect from 01 December 2021. His appointment as Wholetime Director will be subject to shareholders approval. Ms. Harshi Rastogi will be stepping down from the Board as a Wholetime Director with effect from 01 December 2021. She will continue serving as the Company Secretary & Compliance Officer. On behalf of the Board, Mr. Oscar Wezenbeek, Chairman, Akzo Nobel India expressed appreciation to Ms. Rastogi for her committed support during the interim period.
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AkzoNobel India announces Q2 2021-22 results
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