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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

<div class="paragraphs"><p>Akzo reported revenue growth of 5% YoY, however, Ebitda and PAT declined 1.5% and 0.3%, respectively, YoY.</p><p>(Photo: company website)</p></div>
Akzo reported revenue growth of 5% YoY, however, Ebitda and PAT declined 1.5% and 0.3%, respectively, YoY.

(Photo: company website)

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.
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