Akzo Nobel India Limited — PPTs, 05-08-2025: Investor Presentation

**Financial Highlights:**

Q1 revenue declined 4% to ₹995.1 Cr, with net profit (PAT) dropping 21% to ₹91.0 Cr. Gross margin contracted to 42.8% from 44.6%. Profitability was impacted by margin dilution and growth investments. B2B segment maintained healthy orders, while B2C demand remained muted. Other income included ₹5.1 Cr from a real estate sale.

**Strategic Initiatives & Growth Drivers:**

The company is focusing on strengthening its Decorative Paints portfolio with new launches and the Dulux Maestro program. In Coatings, it saw new wins in Automotive and Protective businesses, strong orders in Packaging (Coil/Extrusion), and expansion of its Powder coatings low cure range for sustainable solutions.

**Business Developments:**

A significant development is JSW Paints' acquisition of a 74% stake in Akzo Nobel India. This partnership aims to combine Akzo Nobel's Dulux brand and technology with JSW Paints' market reach and local expertise, positioning it as a serious challenger in the Indian paints sector.

**Market Position & Competitive Advantage:**

Akzo Nobel India, a premium player in Decorative Paints, anticipates strengthening its distribution and market presence through the JSW Paints collaboration. Its innovative solutions in coatings have also received industry recognition, underscoring product differentiation.

**Investor Implications:**

While Q1 shows revenue and profit headwinds, the strategic partnership with JSW Paints offers substantial growth potential and enhanced market positioning. The special dividend of ₹156 per share signals a focus on shareholder value. Execution of the new strategic alliance will be key to unlocking future growth.