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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search