Akzo Nobel India, a leader in paints and coatings, has reported steady Q3 and 9-month financial results for FY25, showcasing market expansion, product innovation, and sustainability leadership. With revenue climbing to ₹3,069.1 crore, the company is revolutionizing the industry through new product innovations, strategic moves into the electric vehicle coatings sector, and impactful CSR initiatives. Read more about Akzo Nobel’s latest achievements and vision for the future on Prittle Prattle News.
FY25 sees Akzo Nobel India strengthening its innovation pipeline, driving sustainable solutions, and expanding across key growth sectors.
Akzo Nobel India, a leading name in the paints and coatings industry, has unveiled its financial results for Q3 and the nine-month period of FY25. Despite a challenging macroeconomic environment, the company maintained steady revenue growth, driven by strategic innovation, cost management, and market expansion.
The company, known for its flagship Dulux Paints, reported revenue of ₹1,050.5 crore for Q3 FY25, reflecting a 2% year-on-year increase. For the nine-month period (April to December 2024), revenue rose to ₹3,069.1 crore, up by 3% compared to the same period last year. However, operating profits saw a marginal dip, with EBIT down 2% and PAT declining by 5%, primarily due to rising input costs and global economic headwinds.
Strategic Growth Amid Market Challenges
Despite pressures from raw material inflation and a fluctuating global economy, Akzo Nobel India’s focus on innovation and cost efficiencies has ensured steady growth. The company witnessed strong demand across industrial segments, including infrastructure, power, mining, marine, and real estate, helping drive momentum in its B2B business. This aligns with India’s growing construction industry, which is expected to expand at a CAGR of 6.3% until 2030.
Commenting on the results, Rajiv Rajgopal, Chairman and Managing Director of Akzo Nobel India, stated, “In Q3 FY25, we achieved both volume and value growth despite subdued market conditions. Our continued investment in cost optimization and innovation helped offset input cost pressures, ensuring we remain competitive in the market.”
Expanding Product Portfolio with New Innovations
Akzo Nobel India has actively expanded its Decorative Paints portfolio to cater to evolving consumer preferences. The company introduced Dulux Promise Freedom, a high-value entry-level emulsion that offers enhanced durability, whiteness, and coverage, making it a cost-effective upgrade from traditional distemper.
Another key launch was Dulux Aquatech DampProtect 2in1, a high-performance waterproofing solution featuring AquaProtect technology, designed to prevent water ingress and provide up to 8 years of protection for both interior and exterior walls. This strengthens the company’s growing focus on waterproofing solutions, an industry segment expected to reach $14 billion in India by 2027.
For professional painters and contractors, the company launched Dulux Professional M900 Premium Gloss Enamel, offering high sheen, washability, and resistance to wear and tear. These strategic additions demonstrate Akzo Nobel’s commitment to continuous product innovation.
Expanding Presence in the Electric Vehicle Market
One of the most significant advancements for Akzo Nobel India was securing Underwriters Laboratories (UL) certification for its Resicoat Electrical Insulation powder coatings. As India accelerates its shift towards electric mobility, the demand for high-performance coatings in EV batteries and insulation systems is increasing. The UL certification enhances Akzo Nobel’s competitive edge in catering to the Indian EV industry, projected to grow at 36% CAGR until 2030.
Corporate Social Responsibility and Recognitions
Akzo Nobel India continues its commitment to corporate social responsibility (CSR), with Project Revive, a skill-building initiative for underprivileged youth in the North-East, receiving a special mention at the North-East CSR Awards 2024. Since its inception in 2021, the program has benefited over 800 individuals, empowering them with vocational training in decorative painting.
The Road Ahead for Akzo Nobel India
As Akzo Nobel India navigates the future, its focus remains on sustainable growth, technological advancements, and maintaining its leadership position in the paints and coatings sector. With a continued emphasis on digital transformation, product innovation, and market expansion, the company is well-positioned to leverage emerging trends and deliver value to customers and stakeholders alike.
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