Akzo Nobel India has started the financial year on a weak note, with its April–June quarter profit down more than 20% to ₹910 million and revenue slipping 4%. The company blamed the drop on sluggish retail demand and stiff competition affecting its Dulux range.
The results come just weeks after the company’s sale to JSW Group, adding pressure on the new owner to quickly turn things around. In an effort to keep investors onside, Akzo declared a one-time special dividend of ₹156 per share for FY26.
Market watchers say the company will need sharper pricing strategies, stronger dealer relationships, and faster product rollouts to regain lost ground. “The premium decorative segment is feeling the squeeze as customers look for value-for-money options,” noted a Delhi-based distributor.