Akzo Nobel India Limited has informed the Exchange that Board of Directors at its meeting held on August 04, 2025, declared Interim Dividend of Rs. 156 per equity share.
JSWDULUX · price
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On the reaction day the stock moved 1.5 pts more than Nifty Smallcap 250 and 2.4 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Akzo Nobel India, the maker of Dulux paints, has declared a one-time Special Interim Dividend of Rs. 156 per equity share (face value Rs. 10) for FY26, to be paid within 30 days. The dividend is funded partly from the slump sale of its Powder Coatings and International Research Center businesses to its parent Akzo Nobel N.V. for about Rs. 2,143 crore, which was completed on July 2, 2025. The record date is fixed as Monday, August 11, 2025, and shareholders on that date will be eligible for the payout. Q1 FY26 results were soft — revenue fell 4% year-on-year to Rs. 995 crore and net profit declined 21% to Rs. 91 crore due to weak retail demand and intense competition. The company also launched new products like Dulux Velvet Touch Eterna Matte and Weathershield Protect Dustproof during the quarter, and the NSE filing references its growing partnership with JSW Paints.
The large special dividend rewards shareholders with a one-time payout linked to the slump sale proceeds and is unlikely to repeat, while underlying earnings actually shrank in Q1. The stock may see short-term positive sentiment from the dividend announcement, but investors should note the weakening operating performance and the non-recurring nature of this payout.