Akzo Nobel India has announced a 31.58% decrease in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax was reported at ₹74.3 crore in Q3 FY26, compared to ₹108.6 crore in the same quarter of the previous fiscal year, as stated in a filing with the BSE.
The company’s net consolidated total income for Q3 FY26 was ₹922.4 crore, reflecting a decline of 12.69% from ₹1,056.5 crore recorded in the corresponding quarter last year. Rajiv Rajgopal, the joint managing director and CEO of the company, remarked, “In Q3 FY2025-26, we achieved an overall volume growth of 5.9%.
Excluding exports, our volume growth was 6.6%, with revenue growth of 1.8% driven by our premium portfolio in both paints and coatings. In the decorative paints segment, domestic volumes increased by 8%, led by premium products across various regions.”
On December 10, 2025, JSW Paints acquired a 60.76% stake (comprising 2,76,70,295 equity shares) in Akzo Nobel India as part of a share purchase agreement with Imperial Chemicals Industries and Akzo Nobel Coatings International B.V. This acquisition is in addition to the 2,01,428 equity shares that JSW Paints purchased during its open offer on November 21, 2025.
Following the acquisition of a total of 2,78,71,723 equity shares, which represent 61.2% of the company’s voting share capital, JSW Paints has become the promoter and holding company of Akzo Nobel India, effective December 10, 2025. On January 9, 2026, the board of directors of Akzo Nobel India appointed Parth Jindal as a non-executive director (non-independent) and chairman of the company, effective immediately.
Rajiv Rajgopal was re-designated as joint managing director and chief executive officer, also effective immediately, and Shantanu Maharaj Khosla was appointed as an independent director for a term of three years starting January 9, 2026. Additionally, the board approved a proposal to change the company’s name from Akzo Nobel India to JSW Dulux.
