Paintmaker Akzo Nobel India Ltd., which markets under the Dulux brand, reported a 5% decline in profit in the third quarter of financial year 2025.
Consolidated net profit declined to Rs 109 crore in the October-December period, from Rs 114 crore in the year-ago period, according to an exchange filing on Friday.
Revenue increased by 1.7% to Rs 1,050.5 crore from Rs 1,033 crore last year.
On the operating side, earnings before interest, tax, depreciation and amortisation rose by a meagre 0.3% to Rs 167 crore. Margin contracted to 15.9% from 16.1% last year.
In the nine months of this fiscal, revenue and profit rose 3% and 1%, respectively.
Akzo Nobel India achieved both volume and value growth despite subdued market conditions, said Chairman and Managing Director Rajiv Rajgopal.
"Favourable demand in infrastructure, power, mining, marine, and real estate sectors fueled sustained B2B momentum in paints and coatings. Prudent cost management protected profitability, effectively mitigating the impact of raw material inflation on margins," he said.
The disappointing results come amid the company's Dutch parent looking to exit the Indian market, as it conducts a strategic review of its portfolio in South Asia. The current promoter holding is 74.76%.
Berger Paints Ltd., JSW Paints Ltd. and Indigo Paints Ltd. are reportedly said to be in the fray to acquire the stake from Akzo Nobel's promoters.
Akzo Nobel Share Price
Shares of Akzo Noble were trading 0.34% lower at Rs 3,621 apiece as of 1:05 p.m., soon after results were announced. The benchmark Nifty 50 was down 0.17%.
The stock has risen 27% in the last 12 months. The relative strength index stood at 43.
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