DBT Bureau
Pune, 12 Feb 2025
The Board of Directors of Akzo Nobel India Limited, a paints and coatings company and maker of Dulux Paints, approved the financial results for the quarter and nine months ended 31 December 2024.
Highlights
Q3 FY25* (compared with Q3 FY24**)
- Revenue from operations at Rs 1,050.5 crore, up by 2%
- EBIT from operations at Rs 143.5 crore, down by 2%
- PAT at Rs 108.6 crore, down by 5%
9M FY25 (compared with 9M FY24)
- Revenue from operations at Rs 3,069.1 crore, up by 3%
- EBIT from operations at Rs 414.8 crore, up by 1%
- PAT at Rs 321.1 crore, up by 1%
Akzo Nobel India Limited Chairman and Managing Director, Rajiv Rajgopal, commented:
“In Q3 FY25, we achieved both volume and value growth despite subdued market conditions. 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.Overall, our performance in 9M FY25 reflects continued growth and strong double-digit profitability trajectory with market share gains.”
Recent highlights:
- New propositions launched across categories in Decorative Paints:
Upgrading from distemper to a more durable entry-level emulsion at an affordable price is now possible with the new Dulux Promise Freedom. It’s advanced Latex Technology delivers longer-lasting protection to home interiors and exteriors with three key benefits: enhanced whiteness, improved coverage, and a smoother finish. - Dulux Aquatech DampProtect 2in1, our latest high-performing solution further strengthens our waterproofing segment portfolio. Its unique AquaProtect technology prevents water ingress and provides protection for both vertical and horizontal surfaces, with a warranty of up to 8 years.
- Dulux Professional M900 Premium Gloss Enamel marks the Company’s debut enamel offering in the professional segment. This high-sheen, multi-surface gloss offers exceptional gloss retention, benefit of washability, and resistance to wear-and-tear. It’s tough and durable finish makes it ideal for high-traffic surfaces and project exteriors exposed to demanding conditions.
New certification of Resicoat electrical insulation range of powder coatings
AkzoNobel’s Resicoat Electric Insulation range of powder coatings has now received the prestigious Underwriters Laboratories (UL) flame retardant certification. As the shift to powder coatings accelerates, this validation opens new opportunities in the growing electric vehicle market, where the demand for more sustainable and high-performance coatings for electrical insulation is surging.
Award & Recognition:
Project Revive, Akzo Nobel India’s vocational skill-building initiative in decorative painting for drug-rehabilitated youth, was recognized with a Special Mention for ‘Skill Building in Decorative Painting for Substance Users in the North-East Region’ at the second edition of the North-East CSR Awards 2024. Launched in 2021, Project Revive has positively impacted the lives of over 800 vulnerable youth across Assam, Manipur, and Arunachal Pradesh.
