Akzo Nobel India announced its Q2 2025-26 results, showing a slight decrease in revenue by 1.5% to ₹8,349 mn. Despite weather-related challenges and competitive pressure, the company sustained double-digit profitability. Key highlights include the celebration of 5 years of Dulux Assurance, divestment of the Powder Coatings business, and recognition for skill development initiatives by FICCI.
Q2 2025-26 Financial Performance
Akzo Nobel India reported its financial results for the second quarter of fiscal year 2025-26. Revenue stood at ₹8,349 mn, a decrease of 1.5% compared to the restated figure of ₹8,477 mn. The company reported a Gross Margin of ₹3,447 mn, which represents 41.3% of revenue. EBIT was ₹923 mn or 11.1%. PAT was ₹730 mn.
Key Highlights and Achievements
Despite facing challenges, Akzo Nobel India achieved several significant milestones during the quarter:
- Celebrated 5 years of Dulux Assurance with the ‘Lage Shaandaar, Chale Shaandaar’ campaign.
- Completion of the divestment of the Powder Coatings business, resulting in an exceptional income of ₹18.7 bn.
- Recognized for Skill Development initiatives by FICCI at the 21st CSR Awards.
Business Segment Performance
The Decorative Paints vertical saw high single-digit growth in the Premium segment, driven by brand and market activation, though the impact of extended monsoons affected demand. In the Coatings vertical, the company experienced growth in Power and Mining businesses, premium growth supported by customer acquisitions, and conducive demand driving growth.
Update on JSW Acquisition
The company received CCI approval for the JSW acquisition on September 16th. The clearance on the open offer was received from SEBI on October 23rd. The tender window closed on November 6th, and the conclusion is expected by the end of November.
Source: BSE
