Akzo Nobel Q1 Review- Outperformer; Turnaround Momentum Under Rajiv's Leadership Accelerates: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Akzo Nobel India Ltd. delivered yet another strong (versus peers) print with likely market share gains and double-digit volume growth across segments (YoY revenue growth - Akzo: +3.7%, Asian Paints: -2.3%, Kansai: -1.1%). We notethere is likely superior revenue mix in decorative paints considering the expansion in gross margins. We believe super-premium paints have performed well. Akzo has also entered uber-luxury interior emulsion under the brand Dulux Velvet Touch Eterna.It is now offering 10% additional volumes on Dulux Promise range (applicable on 20-liter SKUs).Akzo has increased investments in B2B segments and we believe the benefits of these efforts are visible with these segments contributing handsomely to the overall growth.We also like the strategy to drive sourcing efficiencies and cost-saving initiatives to invest more in brand-building activities as we consider it to result in sustainable market share gains. .Move rating a notch to 'Add' from 'Hold'..Click on the attachment to read the full report:.Tata Motors Q1 Results Review - Catalyst Intact While Navigating Near Term Issues: Yes Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Akzo Nobel Q1 Review- Outperformer; Turnaround Momentum Under Rajiv's Leadership Accelerates: ICICI Securities

The brokerage envisages slightly higher growth for Akzo than industry.

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Akzo Nobel Q1 Review- Outperformer; Turnaround Momentum Under Rajiv's Leadership Accelerates: ICICI Securities

The brokerage envisages slightly higher growth for Akzo than industry.

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