Akzo Nobel India Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Aug-2025.
JSWDULUX · price
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Awaiting price reaction for this filing.
Akzo Nobel India (maker of Dulux paints) announced Q1 FY26 results: revenue from operations fell 4% YoY to Rs.995.1 crore, EBIT dropped 21% to Rs.116.2 crore, and net profit declined 21% to Rs.91 crore, hurt by weak consumer demand and intense competition in retail paints. The Board declared a one-time Special Interim Dividend of Rs.156 per share (face value Rs.10), funded largely from retained earnings and proceeds of the recently completed slump sale of the Powder Coatings business and sale of decorative paints IP to parent Akzo Nobel N.V. The record date for the dividend is fixed as 11 August 2025, with payment within 30 days. The company also highlighted new product launches in decorative paints (Dulux Velvet Touch Eterna Matte, Weathershield Protect) and expansion of the Dulux Maestro architect program.
Weak Q1 earnings point to near-term margin pressure, but shareholders get a sizeable one-time payout (~4-5% yield based on recent prices) funded by non-recurring slump sale gains rather than regular operations, so it should not be treated as a sustainable dividend upgrade. The stock may react positively on the dividend but the underlying business momentum remains soft.