Q4 2024 Akzo Nobel India Ltd Earnings Call Transcript
Key Points
- Achieved top-line growth of 2% driven by double-digit volume growth despite a challenging quarter.
- Gross margins expanded by 110 basis points due to price drops.
- Profit after tax increased by 14% year-on-year, reaching INR108.8 crores.
- Return on capital employed is almost at 45%, indicating efficient use of capital.
- Announced an interim dividend, reflecting a commitment to shareholder returns.
- Muted demand and price cuts impacted the overall revenue growth.
- Retail segment underperformed, contributing to only 20% of the decorative business.
- Challenges in maintaining product availability and assortment in certain markets.
- High competition in the market with new entrants like Grasim posing potential threats.
- Need for increased advertising and promotional expenses to maintain and grow market share.
Ladies and gentlemen, good day, and welcome to Q4 FY24 earnings conference call of Akzo Nobel Limited hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Menon from ICICI Securities. Thank you and over to you, sir.
Hi, everyone, as always. It's an absolute pleasure and privilege to host the conference call of Akzo Nobel. We have the senior management from the company today, represented by Mr. Rajiv Rajagopal, Chairman and Managing Director; Mr. [Ra -- krishnan], CFO, and Whole-Time Director, and Mr. Rajiv Jha, Company Secretary and Compliance Officer. Without much ado, over to Rajiv for the opening remarks, post which we'll open the floor --.
Good afternoon to everyone. I just want to firstly thank all of you for taking your valuable time out and joining us for the investor call. As always, for me, the investor
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