Clariant Chemicals reports Q2 sales growth of 6.1%

By 11 Nov 2019

Speciality chemical major, Clariant Chemicals (India) announced their second-quarter (September 2019) results with sales at Rs 272.1 crores and a growth of 6.1% as against the same period the previous year (September 2018).

Adnan Ahmad, vice chairman and managing director, Clariant Chemicals

‘‘The company’s continuous focus on its strategy to deliver profitable growth has once again resulted in improved performance for the quarter, even though we are facing headwinds in the market,’’ said Adnan Ahmad, vice chairman and managing director, Clariant Chemicals.

The company reported profit before tax of Rs. 21.1 crore for the quarter as compared to profit before tax of Rs. 7.6 crore the previous year– a growth of 177.8%.

The Basel-headquartered company with Mumbai as its base for Indian operations reported sales of Rs. 567.9 crore, in the first half of 2019-20, as against Rs. 520.7 crore for the corresponding half of the previous year.

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