Akzo Nobel Q4 Review — In Better Position To Maintain Margins Compared To Its Peers, Says ICICI Securities

Akzo gained market shares even in Q4 FY25 when Birla Opus has likely hurt all other economy and mass brands. ICICI Securities reckon, [comfortable] competitive equilibrium in paints is likely broken. Retain underweight on large cap paints. Contrarian investors may consider owning Akzo Nobel/Indigo Paints/Kansai Nerolac..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.While paint industry contracted in FY25 and Birla Opus also grabbed a low-mid single share in FY25, Akzo Nobel India Ltd. performed well with market share gains in all four quarters of FY25. Akzo has done healthy investments in product differentiation and distribution but we believe the chief reason for market share gain is premium/ luxury positioning. In our view, the price conscious consumers are likely to be swayed away by new brands offering higher trade discounts/schemes. However, Akzo’s core consumers of premium paints (>Rs 250/litre) are likely to stay in the segment. The existing B2B consumers are also likely to stay with Akzo as they have preferred superior quality. With stability in revenues and market shares, we believe Akzo is in a better position to maintain its margins compared to its peers. Akzo gained market shares even in Q4 FY25 when Birla Opus has likely hurt all other economy and mass brands. Maintain Add. .We reckon, [comfortable] competitive equilibrium in paints is likely broken. Retain underweight on large cap paints. Contrarian investors may consider owning Akzo Nobel/Indigo Paints/Kansai Nerolac..Click on the attachment to read the full report:.Berger Paints Q4 Review: Dolat Capital Downgrades To 'Add', But Hikes TP On Sustained Market Share Gains.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Akzo Nobel Q4 Review — In Better Position To Maintain Margins Compared To Its Peers, Says ICICI Securities

Correction in crude oil prices may aid in expanding margins, says ICICI Securities, maintaining 'Buy' rating on the stock

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Akzo Nobel Q4 Review — In Better Position To Maintain Margins Compared To Its Peers, Says ICICI Securities

Correction in crude oil prices may aid in expanding margins, says ICICI Securities, maintaining 'Buy' rating on the stock

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