Akzo Nobel India Limited announced its financial results for the quarter and nine months ended December 31, 2025. Despite challenges from the divestment of the Powder Coatings business, the company reported overall volume growth of 5.9% in Q3 FY2025-26. The company also announced key updates including the completion of acquisition by JSW Paints Limited. Focus remains on innovation and growth.
Financial Performance Overview
Akzo Nobel India Limited has released its Q3 and 9M financial results for FY2025-26, showcasing a resilient performance despite business restructuring. The focus is now on integrating with JSW and accelerating growth through innovation and technology.
Key Financial Highlights (Excluding Divested Business)
Here’s a snapshot of comparable financial figures, excluding the impact of the divested Powder Coatings and International Research Center (IRC) businesses:
Q3 FY2025-26:
- Revenue from operations: ₹907.7 crore, a decline of 1.0% year-over-year.
- EBITDA from operations: ₹135.7 crore, down by 2.0%.
- Profit After Tax (PAT) excluding exceptional items: ₹94.6 crore, up by 5.9%.
9M FY2025-26:
- Revenue from operations: ₹2,737.7 crore, a decrease of 2.2% compared to the previous year.
- EBITDA from operations: ₹380.7 crore, a decrease of 9.7%.
- PAT excluding exceptional items: ₹258.5 crore, a decrease of 7.6%.
Volume Growth and Strategy
The company highlighted overall volume growth of 5.9% in Q3, with domestic volumes in decorative paints increasing by 8%. Strategic initiatives, targeted pricing, and strong engagement with painters and architects contributed to this growth. New relationships with global brands were established across various coatings segments.
Corporate Updates
Significant changes have occurred within the company:
- Acquisition Completion: JSW Paints Limited acquired 60.76% shareholding in Akzo Nobel India Limited on December 10, 2025, becoming the new promoter and holding company.
- Board Composition: Mr. Parth Jindal has been appointed as a Non-Executive Director and Chairman, and Mr. Rajiv Rajgopal as Joint Managing Director and Chief Executive Officer.
- Name Change: A proposal to change the company name to “JSW Dulux Limited” has been approved by the board, pending shareholder and government approvals.
Source: BSE
