Akzo Nobel India Q2 Results Live: Profit Rises by 3.93% YOY | Company Business News

Akzo Nobel India Q2 Results Live : Akzo Nobel India announced its Q2 results on November 7, 2024, reporting a year-over-year increase in both revenue and profit. The company’s topline grew by 2.72% compared to the same quarter last year, while profit rose by 3.93%.

However, when compared to the previous quarter, Akzo Nobel India experienced a decline in revenue by 5.21% and a significant drop in profit by 14.57%. This indicates a challenging environment for the company on a sequential basis.

The company’s selling, general, and administrative expenses showed a decrease of 2.03% quarter-on-quarter, though they rose by 4.83% year-over-year, reflecting the impact of inflation and operational adjustments.

Operating income also faced challenges, down 15.57% from the previous quarter, but showing a slight increase of 2.9% year-over-year. This suggests that while the company is growing compared to last year, recent performance has not met prior expectations.

Earnings per share (EPS) for Q2 stood at ₹21.49, marking an increase of 3.82% year-over-year. This positive EPS growth may provide some reassurance to investors amidst the mixed quarterly results.

In terms of market performance, Akzo Nobel India has delivered a return of -5.09% over the past week. However, the stock shows a robust performance with a 69.51% return over the last six months and a 60.24% return year-to-date.

As of November 8, 2024, Akzo Nobel India has a market capitalization of ₹19,026.97 crore, with a 52-week high of ₹4,674 and a low of ₹2,267. This wide range indicates significant volatility in the stock’s performance over the past year.

Among analysts, there is a cautious outlook with one rating a ‘Hold’ and another a ‘Buy.’ The consensus recommendation as of November 8, 2024, leans towards a ‘Buy,’ suggesting that some analysts see potential for growth despite recent fluctuations.

Akzo Nobel India Financials