Dulux paint-maker Akzo Nobel India's Q3 profit climbs on strong demand [Reuters]
AKZO NOBEL N V S/ADR (AKZOY)
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Source: Reuters
Reuters BENGALURU, Feb 6 (Reuters) - Akzo Nobel India (AKZO.NS) , opens new tab , 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. For further earnings highlights, click 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 (KANE.NS) , opens new tab and Asian Paints (ASPN.NS) , opens new tab have also reported strong third-quarter profits. PEER COMPARISON * 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
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