Tue, Feb 6, 2024 8:36 PM
Akzo Nobel India's net profit increases by 16.84% in Q3 FY24
A Flip by Shubhangi Gupta
India's domestic consumption is uneven, with rural and urban areas experiencing different trends, affecting private sector capacity addition. Consumer goods account for 50% of Private Final Consumption Expenditure, with services making up the balance. Despite a 7.4% growth in Q1 FY2025, consumer non-durable demand is slackening, and urban demand is a drag due to elevated food inflation.
Open Flip
Reported Standalone quarterly numbers for GRP are: Net Sales at Rs 127.33 crore in September 2024 up 11.42% from Rs. 114.27 crore in September 2023. Quarterly Net Profit at Rs. 4.76 crore in September 2024 down 3.87% from Rs. 4.95 crore in September 2023. EBITDA stands at Rs. 11.84 crore in September 2024 up 1.63% from Rs. 11.65 crore in September 2023.
Open Flip
Reported Standalone quarterly numbers for Synthiko Foils are: Net Sales at Rs 5.46 crore in September 2024 down 9.47% from Rs. 6.03 crore in September 2023. Quarterly Net Profit at Rs. 0.01 crore in September 2024 down 93.12% from Rs. 0.11 crore in September 2023. EBITDA stands at Rs. 0.06 crore in September 2024 down 80% from Rs. 0.30 crore in September 2023.
Open Flip
