💨 Abstract

Akzo Nobel India, a unit of Netherlands' Akzo Nobel, reported a 5% drop in third-quarter net profit to 1.09 billion rupees due to increased costs and slower revenue growth. Despite a 2% revenue increase to 10.51 billion rupees, the company's margins contracted by 2% due to higher raw material expenses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖