Akzo Nobel India Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

AkzoNobel India's Q2 FY26 comparable revenue was 834.9 Cr, a 1.5% decline, with EBIT stable at 11.1% due to cost control. Overall volume grew 3%, led by mid-single digit growth in premium decorative and industrial coatings. Strategic price corrections (1.5-2%) were implemented to boost competitiveness, aligned with the upcoming JSW Group integration. Decorative IP royalty payments ceased, and operational efficiency limited the gross margin impact to 19.3 Cr. Management is confident about future growth, targeting 14-16% EBITDA margins and expecting double-digit volume growth next quarter, driven by strong order books and a more aggressive market strategy under JSW.