Q3 2026 Akzo Nobel India Ltd Earnings Call Transcript
Key Points
- Akzo Nobel India Ltd (BOM:500710) reported a 6% volume growth in both decorative and industrial segments, with decorative alone growing by 8%.
- The company has successfully maintained its gross margins with a sequential improvement of 80 basis points compared to the last quarter.
- The acquisition of the Dulux brand has eliminated royalty payments, freeing up approximately INR 60 to INR 65 crores for growth initiatives.
- The company is focusing on strategic pricing adjustments to enhance competitiveness, particularly in the premium segment.
- Akzo Nobel India Ltd (BOM:500710) is leveraging its strong brand equity and distribution network to drive growth and aims to become the number two player in the market within three to four years.
- The company experienced a 1% decline in reported revenue, attributed to divestitures and cessation of certain export activities.
- There is significant competitive intensity in the mass economy and primer segments, with new entrants offering lower prices and discounts.
- The transition to a new ownership structure presents challenges in integrating cultures and aligning strategies.
- The company faces challenges in the automotive and specialty coatings business due to a high base effect from the previous year.
- Despite strategic initiatives, the company anticipates a temporary erosion of margins as it enters the mid-market segment.
Ladies and gentlemen, good day and welcome to the Q3 and FY26 earnings conference call of Akzo Nobel India Limited, hosted by ICIA Securities. (Operator Instructions) I now hand the conference over to Mr. Aniruddha Joshi from ICFA Securities. Thank you and over to you.
Thanks. Yes. On behalf of ICICI Securities, we welcome you all to Q3 FY26 results webinar of Akzo Nobel India Limited, JSW Group Company. We have with us today senior management represented by Mr. Rajiv Rajgopal, Joint Managing Director and CEO; Mr. Krishna, our Whole-Time Director and CFO; and Mr. Rajiv L. Jha, General Counsel, Company Secretary, and Compliance Officer.
I will hand over the call to Mr. Rajiv Jha to read out the disclaimer, and then we will hand it over to Mr. Rajeev Rajgopal for initial comments. Post that we will do the question-and-answer session. Thanks, and over to you, Rajiv, sir.
Okay, so, we welcome
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