BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The ‘Grow and Deliver’ strategy is working well for Akzo Nobel India Ltd. as it reported third consecutive year of double digit profitability with market share gains.
Company also maintained its record of generating strong economic added led by return on equity of 22.6% in FY22 (highest in past decade). Chief reasons for improvement in 618 basis points YoY improvement in return on equity were better profitability and higher dividend payouts. Ahead, we believe-
Akzo will benefit from its investments in distribution 2.0. Major benefits of distribution expansion will be realised in FY23-24 and FY21-22 were Covid-19 affected,
revival in industrial segments like Infrastructure, real estate, power, marine augurs well,
steady launches of premium /differentiated products will likely lead to superior margins and market share gains and
developments in electric vehicle augur well for its powder coating segment.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR