Clariant’s sales for the first quarter were Rs 264 crores as against Rs 258 crores for the corresponding quarter of the previous year. Ebitda for the quarter was Rs 24.81 crores as compared to Rs 7.20 crores in the corresponding quarter of the previous year. Clariant Chemicals is India’s leading specialty chemicals producer. Clariant has invested in a state-of-the-art regional innovation center in Mumbai, with an aim to co-create tailor-made solutions with customers for the industry.
Profit before tax grew to Rs 15.30 crores for the quarter ended June 2018 as compared to loss before tax of Rs 2.30 crores for the quarter ended June 2017. Effective cost management and resource optimization, with a better product portfolio, enabled the company to improve profitability.
Clariant, based in Switzerland, employs 18,135 people. The company reports in four business areas: care chemicals, catalysis, natural resources, and plastics and coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation through R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. It is with several external sustainability initiatives such as the Global Product Strategy and the United Nations Global Compact. Clariant is one of the top European chemical companies being part of the Dow Jones Sustainability Indices.
