India, March 11 -- German chemical and consumer goods major Henkel AG & Co. KGaA reported Tuesday higher profit in fiscal 2024 amid slight growth in sales. The company also issued positive outlook for fiscal 2025, and announced a double-digit percentage increase in the dividend, and up to 1 billion euros share buyback.
Meanwhile, shares of Henkel were down around 10 percent in the German trading after the firm predicted a slower start to the year. However, it is also expected that organic sales growth will accelerate in the course of the year leading to a stronger second half of fiscal 2025 versus the first half.
According to the firm, the outlook reflects a currently challenging industrial environment and subdued market growth and consum...