Last updated : September 27, 2017 6:57 pm
At present the brand has 145 Dulux Stores or Dulux Decoration Centres across the country.
In the press conference Jayakumar Krishnaswamy, Managing Director, AkzoNobel India shares, “The quarter’s performance has been impacted due to slow sales growth and higher input prices. The process towards the transition to GST also had an adverse impact. We have transitioned smoothly to the GST environment with zero disruption to business operations. With good monsoons and the markets picking up post introduction of GST, we expect improved sales performance in the coming months. We continue to invest in growth as per our strategy, with an anticipated capital spend of ₹80-100 cr in the current year. This would include commissioning of Powder Coatings facility and expansion of digital marketing and colour solutions machines in customer facing areas.”
Amit Jain, who has taken over as Non-Executive Chairman of its Board from 15 August 2017 shares, “From Dulux we have all kinds of ranges be it premium or mid level and mass market product portfolio. Since last few years we have observed that the tier II and III cities are growing immensely and we have got a very good growth rate from these markets. Now we are looking at major distribution and dealer networks ,digital marketing solutions and are going to advertise the concept of DDC’s which are present in big cities as well through prominent platforms. Close to 100 crore of budget has been allotted for this and since last five years we already invested an amount of 300 crores in the Indian market. We anticipate that greater growths are going to come from the smaller towns of India as we can provide products which give value for