New Delhi: Akzo Nobel India Ltd, a leading paints and coatings maker known for its Dulux brand, on Monday reported a sharp year-on-year decline in third-quarter consolidated net profit for the period ended December 31, 2025. Net profit fell 31.58% to ₹74.3 crore from ₹108.6 crore a year ago, according to a regulatory filing. Total income dropped 12.7% to ₹922.4 crore, while revenue from operations declined around 13.6% to ₹907.7 crore.
The results come amid a challenging operating environment for the paints sector, marked by subdued demand and cost pressures. Exceptional items—including a ₹28.3 crore net loss tied to implementation costs of India’s new labour codes and related provisions—also weighed on the bottom line. Excluding these one-offs, the company’s underlying profit before tax remained more resilient.
Despite the overall revenue contraction, Akzo Nobel India reported volume growth during the quarter. Joint Managing Director and CEO Rajiv Rajgopal said overall paint volumes rose about 5.9%, with decorative paint volumes in domestic markets up approximately 8%, led by the premium portfolio. Excluding exports, revenue growth was about 1.8%, driven by higher-value offerings in paints and coatings.
The quarter was the first full period under JSW Paints’ majority ownership following its acquisition of a 60.76% stake in December 2025, a deal that is set to reposition the company in India’s intensely competitive decorative paints segment.
The board has also approved a proposal to change the company’s name to JSW Dulux Ltd, subject to regulatory and shareholder approvals.
Shares of Akzo Nobel India reacted positively to the results, with the stock edging higher on the BSE as investors priced in underlying volume resilience amid structural shifts in ownership.