Clariant Reports Higher Sales in 2017-18

Speciality chemicals firm, Clariant Chemicals (India) Ltd., has posted net sales of Rs. 1014-crore for the financial year 2017-18 – a growth of 3.4% against the reported sales of Rs. 981-crore for the FY2016-17. The company’s profit before tax stood at Rs. 33.4-crore for the 12 months ended March 31, 2018 as compared to Rs. 36.3-crore for the corresponding year-ago period.

For the quarter ended March 31, 2018, the net sales were at Rs. 244-crore (Rs. 254-crore in the same year-ago period). The profit from operations stood at Rs. 1.9-crore for the quarter (Rs. 10.2-crore). The company said it will continues to focus on raw material and cost management, site optimisation, targeting new markets and introducing innovative products in its drive for sustainable growth.