Home / Knowledge / News / Textiles / Q1 sales up 4.8% at Clariant India
Q1 sales up 4.8% at Clariant India
27
Apr '12
India's leading specialty chemicals producer – Clariant Chemicals (India) Limited has recorded the sales turnover (net of excise) of Rs 239.28 crore during the quarter ended March 31, 2012 as against Rs 228.17 crore in the same quarter of previous year. The profit before tax and exceptional items of Rs 34.2 crore is down from Rs 42.4 crore in the first quarter of 2011.

The shareholders approved the final Dividend of Rs 30 per share (300%), which together with the interim Dividend of Rs 30 per share already paid in August 2011, makes a total
Dividend of Rs 60 per share (600%); as compared to Rs 30 per share (300%) paid in the previous year.

Reviewing the previous year's performance, Mr. R.A. Shah, Chairman - Clariant Chemicals (India) Limited said that, “… the Company was able to sustain business performance and in spite of general slow-down in demand both in domestic and international markets, it has registered a positive growth in sales on like to like basis.

“The operational performance for the year was not strictly comparable with that of 2010 due to the fact that the performance during the previous year included operations of manufacturing facilities at Balkum, Thane which was closed in December, 2010.”

Mr. Peter Palm, Vice-Chairman & Managing Director - Clariant Chemicals (India) Limited, explained that, “Due to slowing down of domestic demand, Clariant in India had to face restraint on its growth drive which was one of the lowest in the recent past. Clariant still see an enormous potential in the Indian market.

“The group has maintained its presence here for over 50 years and with 4 production sites as at present, it has a well-established and efficient organization structure. The Company continues to remain focused and has positioned itself as a preferred supplier of products in the highly competitive business segments in which it operates.”

Clariant is an internationally active specialty chemical company, based in Muttenz near Basel.

Clariant Chemicals (India) Limited

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search