Akzo Nobel India Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
JSWDULUX · price
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The Board of Akzo Nobel India (makers of Dulux Paints) approved audited standalone and consolidated financial results for Q4 and FY25. FY25 revenue from operations grew 3% YoY to ₹4,091.2 crore, with EBIT flat at ₹551.8 crore (13.5% margin) and PAT flat at ₹428.6 crore. Q4 revenue rose 5% to ₹1,022.1 crore, though EBIT slipped 2% to ₹137.1 crore and PAT dipped 1% to ₹107.5 crore. The Board recommended a final dividend of ₹30 per share, taking total FY25 dividend to ₹100 per share (up from ₹75 in FY24), with record date July 25, 2025 and AGM on August 4, 2025. The Board also reiterated the pending slump sale of the Powder Coatings and International Research Center divisions to an Indian wholly-owned subsidiary of Akzo Nobel N.V. for a combined consideration of about ₹2,143 crore, expected to close by December 31, 2025. Auditor Price Waterhouse Chartered Accountants LLP issued an unmodified opinion on the results.
The 33% jump in total dividend (₹75 to ₹100 per share) is a clear positive for shareholders and signals management's confidence in cash generation despite muted profit growth. Flat full-year profitability and a slight Q4 margin dip may cap near-term excitement, but the strategic divestment proceeds could unlock value and support future shareholder returns.