Akzo Nobel India has released its investor presentation for Q3 2025-26, highlighting a volume increase of 5.9% but a revenue decrease of 1.0%. Domestic volumes grew by 6.6%, while revenue increased by 1.8%. The company noted strong growth in B2B and a pickup in B2C due to the festive season. EBITDA% stood at 14.9%.
Acquisition and Leadership Updates
JSW Paints is now the Promoter and Holding Company of Akzo Nobel India, holding 61.2% of the company’s equity. Mr. Parth Sajjan Jindal is the new Chairman. The company name change to “JSW Dulux Limited” has been approved by the Board.
Q3 2025-26 Performance Highlights
Key performance indicators for the quarter:
- Overall Volume up 5.9%; Revenue down 1.0% (including Exports)
- Domestic volumes up 6.6%; Revenue up 1.8%
- B2C – pickup in Q3 on back of festive season, strong mix
- B2B – Order growth across all businesses
- EBITDA% at 14.9%
Decorative Paints Vertical
The decorative paints segment is focusing on its strengths and competitive strategy. Premium grew 4%, underpinned by launches in Exteriors. Waterproofing achieved 17% growth. Retail grew faster across geographies.
Coatings Vertical Performance
The coatings segment witnessed growth across multiple industries:
- Growth in Power, Oil & Gas, and Mining in Protective coatings.
- Premium grew with Bodyshop wins and product mix in Automotive & Specialty Coatings.
- Strong orders in Coil and ACP businesses in Industrial Coatings.
Financial Overview
Key financial figures for Q3 2025-26 (excluding carved-out business):
- Revenue: ₹907.7 Cr
- GM: ₹382.7 Cr, with a margin of 42.2%
- EBITDA: ₹135.7 Cr, with a margin of 14.9%
- PAT: ₹94.6 Cr, with a margin of 10.4%
These figures exclude exceptional items. LY restated numbers exclude Powder and IRC contribution.
Concluding Remarks
The company is now the fourth-largest player in the paints sector in India and is committed to driving market share gains and maintaining shareholder value creation.
Source: BSE
