Paint maker Akzo Nobel India Ltd., which markets under the Dulux brand, reported a flat profit growth in the fourth quarter of the financial year 2025.
Consolidated net profit stood at Rs 108.4 crore in the January–March period, compared to Rs 108.7 crore in the year-ago period, according to an exchange filing on Wednesday. Revenue increased 5% to Rs 1,022 crore from Rs 973 crore last year.
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On the operating side, earnings before interest, tax, depreciation and amortisation declined 1% to Rs 159.5 crore. Margin contracted to 15.9% from 16.6% last year.
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For the whole year, revenue rose 3% to Rs 4,091 crore and profit was flat at Rs 428.6 crore.
"In retail, the business continued to grow in premium category and urban centers, while demand in mass and economy categories was impacted by competitive dynamics," Chairperson Rajiv Rajgopal said. "Despite such a market environment, we sustained double-digit profitability and continued to grow market share."
Dividend
The board proposed a final dividend of Rs 30 per share for FY25, subject to shareholders' approval. The record date has been set as July 25 to determine eligible shareholders and the amount will be paid by Aug. 28.
The company had earlier paid an interim dividend of Rs 70.
The results come at a time Akzo Nobel India's Dutch parent is 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 American private equity giant Blackstone Inc. are reportedly said to be in the fray to acquire the stake from Akzo Nobel's promoters.
The company also informed that the slump sale of the powder coatings business division and international research centre division to an arm of its holding company for Rs 2,143 crore is expected to be completed by December this year.
Shares of Akzo Nobel closed 1.26% higher at Rs 3,519.20 on the BSE, compared to a 0.22% gain in the benchmark Sensex. The stock has risen 39% in the last 12 months and has fallen 2% so far this year.
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