News

Akzo Nobel India rises on launching new Dulux Weathershield Powerflexx Akzo Nobel India is currently trading at Rs. 2262.20, up by 4.80 points or 0.21% from its previous closing of Rs. 2257.40 on the BSE. The scrip opened at Rs. 2253.85 and has touched a high and low of Rs. 2266.65 and Rs. 2245.50 respectively. So far 215 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2399.95 on 18-Nov-2022 and a 52 week low of Rs. 1685.00 on 17-Jun-2022. Last one week high and low of the scrip s...
Akzo Nobel India rises on launching new Dulux Weathershield Powerflexx
Akzo Nobel India rises on launching new Dulux Weathershield Powerflexx
Source: Accord Fintech
18/01/2023 12:53:42 PM
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities Fourth quarter of market share gains. Period. It's not a turnaround anymore. Akzo Nobel (revenues +25%) outperformed peers - Asian Paints (+19.4%), Kansai (+19.2%) and Indigo (+23.7%). It was broad-based revenue growth (decoratives, industrials, automotive), in our opinion. What's pleasing for longstanding believers like us is the sustained market share gains despite inflationary pressures and prolonged rains (it has high salience in exterior paints). It's marketing efforts pro...
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Source: ICICI Securities Ltd
21/11/2022 10:50:27 AM
Add Akzo Nobel India Ltd For Target Rs.2,050 - ICICI Securities Third straight quarter of market share gains in decorative paints Akzo’s revenue growth (49.7%) was higher than peers like Kansai (46.2%) and Indigo (43.6%) and it has likely gained market shares in decorative paints for third consecutive quarter. We remain structurally positive on Akzo as the fruits of the efforts in past three years are visible now. It has (1) reported strong growth in smaller towns and rural markets which was largely led by distribution expansion, (2) its steady l...
Add Akzo Nobel India Ltd For Target Rs.2,050 - ICICI Securities
Add Akzo Nobel India Ltd For Target Rs.2,050 - ICICI Securities
Source: ICICI Securities Ltd
19/09/2022 4:10:21 PM
Add Akzo Nobel India Ltd For Target Rs.2,000 - ICICI Securities Annual Report update: ‘Grow & Deliver’ on track The ‘Grow & Deliver’ Strategy is working well for Akzo as it reported third consecutive year of double digit profitability with market share gains. Company also maintained its record of generating strong EVA led by RoE of 22.6% in FY22 (Highest in past decade). Chief reasons for improvement in 618bps YoY improvement in RoE were better profitability and higher dividend payouts. Ahead, we believe (1) Akzo will be...
Add Akzo Nobel India Ltd For Target Rs.2,000 - ICICI Securities
Add Akzo Nobel India Ltd For Target Rs.2,000 - ICICI Securities
Source: ICICI Securities Ltd
19/07/2022 10:56:14 AM
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities ‘Grow and Deliver’ strategy of Parent with rising importance of India entity Akzo Nobel NV recently updated consensus about the progress in its ‘Grow and Deliver’ strategy (Link). It focuses on expanding ROS (Return on Sales or EBIT) by 150bps by 2023 over CY20 and wants to grow in line or ahead (in relevant markets). We believe Akzo India is successfully following footsteps of its parent with market share gains over past 3-4 quarters as well as expanding share of i...
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities
Source: ICICI Securities Ltd
15/04/2022 11:46:01 AM
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities ‘Grow and Deliver’ strategy of Parent with rising importance of India entity Akzo Nobel NV recently updated consensus about the progress in its ‘Grow and Deliver’ strategy (Link). It focuses on expanding ROS (Return on Sales or EBIT) by 150bps by 2023 over CY20 and wants to grow in line or ahead (in relevant markets). We believe Akzo India is successfully following footsteps of its parent with market share gains over past 3-4 quarters as well as expanding share of i...
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities
Add Akzo Nobel India Ltd For Target Rs.2,150 - ICICI Securities
Source: ICICI Securities Ltd
1/03/2022 11:33:58 AM
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities Improving trajectory; that's important in a turnaround Akzo has continued to report improving volume/revenue trajectory with every passing quarter which underlines the thesis that the turnaround is truly on track. We believe LFL growth in Q1FY22 was one of the highest among peers (adjusting for (relatively) low value-add putty, primer et al.). Just to recap, 2-yr CAGR revenue growth in 1QFY22: Asian +4.3%, Indigo +4%, Berger +2.4%, Kansai -4.6%, Akzo - 6.7%. Our structural positive ...
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Source: ICICI Securities
12/10/2021 9:29:57 AM
Buy Akzo Nobel India Ltd For Target Rs. 2,800 - ICICI Securities The "show" has well begun in CY21 Fundamentally speaking, Akzo’s last two quarter volume performance (growth of >45% in 4Q, in our view) indicates that the turnaround is truly on track. That said, bears are likely to point to “relative underperformance, if any” on a low base. As fundamental analysts, we remain structurally positive on Akzo (1) it has strengthened product portfolio via multiple differentiated launches in FY2021, (2) expanded distribution netwo...
Buy Akzo Nobel India Ltd For Target Rs. 2,800 - ICICI Securities
Buy Akzo Nobel India Ltd For Target Rs. 2,800 - ICICI Securities
Source: ICICI Securities Ltd
21/06/2021 10:23:36 AM
AkzoNobel India`s Q4FY21 net profit up 37% YoY Paint major AkzoNobel India on Monday reported a rise of 37 per cent in its net profit for Q4FY21 on a year-on-year basis. The company's net profit for the quarter under review rose to Rs 74.2 crore. Besides, revenue from operations increased by 34 per cent to Rs 781.4 crore. Furthermore, the company's Board recommended a dividend of Rs 30 per share, bringing the total dividend per share for 2020-21 to Rs 50 per share. "The trend of recovery was sustained, with the qu...
AkzoNobel India`s Q4FY21 net profit up 37% YoY
AkzoNobel India`s Q4FY21 net profit up 37% YoY
Source: IANS
25/05/2021 8:35:45 AM
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities The "show" begins in CY21 Akzo's revenue growth of 6.5% in 3QFY21 was underwhelming. That said, we reckon that Decorative volume growth was >20% - a significant trajectory improvement. It delivered highest-ever EBIT in 3Q and we forecast the trend to continue into CY20-22e. In 3QFY21, most customer segments except Oil & Gas and Power reported healthy growth. It has continued to roll out R&D-backed products with launch of Dulux professional Weathershield Anti-carb ...
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Buy Akzo Nobel India Ltd For Target Rs.2,800 - ICICI Securities
Source: ICICI Securities Ltd
12/03/2021 9:41:22 AM