Q1 2025 Akzo Nobel India Ltd Earnings Call Transcript
Key Points
- Achieved double-digit volume growth, with high single-digit growth in paints and strong double-digit growth in coatings.
- Improved gross margins by 160 basis points through product mix and sourcing efficiencies.
- Highest ever absolute performance across revenue, gross margin, EBIT, and PAT.
- Strong performance in B2B businesses, contributing significantly to overall growth.
- Focused on leveraging high-end technology and innovation, with new product launches like Dulux VT Eterna and Interpon A3000.
- Paints segment experienced muted growth, reflecting industry-wide challenges.
- Faced several headwinds including heatwave, labor shortages, and limited demand conditions.
- Value growth lagging behind volume growth, expected to catch up only by early next year.
- Increased raw material prices necessitated a 1.5% price hike between July and mid-August.
- Higher operational expenses due to increased brand spends, including celebrity endorsements.
Ladies and gentlemen, good day, and welcome to Q1 FY25 Earnings Conference Call of Akzo Nobel hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Aniruddha Joshi, ICICI Securities. Thank you, and over to you.
Thanks, Yashashree. On behalf of ICICI Securities, we welcome you all to Q1 FY25 results webinar of Akzo Nobel India. We have with us today's senior management represented by Mr. Rajiv Rajgopal, Chairman and Managing Director; Mr. Krishna R, CFO and Whole Time Director; and Mr. Rajiv Jha, Company Secretary and Compliance Officer.
Now I hand over the call to Mr. Rajiv Rajgopal for his initial comments on the quarterly performance, and then we will open the floor for a question-and-answer session. Thanks, and over to you, sir.
Thank you Aniruddha. Thank you very much, and thank
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