Dulux paint-maker Akzo Nobel India`s Q3 profit climbs on strong demand
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Akzo Nobel India, which houses the Dulux paint brand, reported a higher third-quarter profit on Tuesday, aided by strong demand for decorative paints.
The company's consolidated net profit rose almost 17% year-on-year to 1.14 billion rupees ($13.7 million) in the quarter.
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KEY CONTEXT
Indian paintmakers have benefited from growing real estate activity and easing prices of crude, a key raw material that accounts for about a third of input costs.
Kansai Nerolac and Asian Paints have also reported strong third-quarter profits.
PEER COMPARISON
Valuation (next Estimates (next 12 Analysts' sentiment
12 months) months)
RIC PE EV/EBITD Revenue Profit Mean # of Stock to Div
A growth growth rating analysts price yield
(%) (%) * target** (%)
Akzo Nobel India 26.31 16.83 11.66 2.32 Hold 1 1.00 2.38
Asian Paints 49.29 33.55 9.59 6.33 Hold 33 0.88 0.90
Kansai Nerolac 35.32 22.44 10.25 10.63 Hold 11 0.99 0.52
Berger Paints 47.70 31.08 10.70 13.02 Sell 20 1.04 0.47
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
OCT-DEC STOCK PERFORMANCE
-- All data from LSEG
-- $1 = 83.0130 Indian rupees
