Akzo Nobel India Limited reported its Q3 FY25 financial results, posting a 2% year-on-year (YoY) increase in revenue from operations at ₹1,050.5 crore compared to the previous year. However, profit after tax (PAT) saw a 5% decline YoY to ₹108.6 crore. Earnings before interest and tax (EBIT) also slipped 2% to ₹143.5 crore during the quarter.
For the nine-month period ending December 2024, the company recorded a 3% growth in revenue from operations at ₹3,069.1 crore and a marginal 1% increase in PAT to ₹321.1 crore, indicating overall resilience despite sectoral challenges.
Chairman and Managing Director Rajiv Rajgopal highlighted that Akzo Nobel achieved both volume and value growth due to strong demand in infrastructure, power, and real estate sectors. Prudent cost management helped mitigate the impact of raw material inflation, supporting profitability.
Strategic Developments
- New product launches: Several key innovations were introduced under its decorative paints category, including Dulux Promise Freedom, Dulux Aquatech DampProtect 2in1, and Dulux Professional M900 Premium Gloss Enamel.
- Resicoat certification: Akzo Nobel’s electrical insulation range of powder coatings received UL certification, opening new opportunities in the electric vehicle sector.
This strategic focus on product expansion and sustainability initiatives positions the company to capture growth across industrial and decorative segments, while maintaining market share gains.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making investment decisions.