AkzoNobel India Reports $477 Million Annual Revenue Sells Powder Coatings Business for $250 Million

On May 14, AkzoNobel India announced its 2025 fiscal year results, achieving annual revenue of ₹40.91 billion ($477.4 million), a 3 percent year-on-year increase. Despite the revenue growth, EBIT declined slightly by 0.5 percent to ₹5.7 billion, while net profit rose by 0.8 percent to ₹4.29 billion, marking a fourth consecutive year of record performance.

In Q4 alone, the company generated ₹10.22 billion ($119.3 million) in revenue, up 5 percent year-on-year, while EBIT fell by 2 percent to ₹1.37 billion. Growth was driven by a double-digit rise in B2B business and strong performance in premium product categories in urban centers.

To streamline operations, AkzoNobel India sold its powder coatings business to its newly registered wholly-owned subsidiary, AkzoNobel Powder Coatings India Private Limited, for ₹20.73 billion ($250 million). The international research center was also sold for ₹700 million ($8.2 million). This move aims to simplify the company’s portfolio and strengthen its core liquid coatings segment, focusing on decorative and industrial paints.

Additionally, AkzoNobel India acquired the intellectual property (IP) for its decorative coatings business across India and neighboring countries, including Bangladesh, Bhutan, and Nepal, for ₹11.52 billion ($136.7 million). This acquisition is expected to boost profitability by eliminating royalty payments and ensuring long-term technological independence.

Looking ahead, AkzoNobel plans to sell its South Asia decorative coatings business for $2.5–3 billion, leveraging the strong market position of the Dulux brand. CEO Greg Poux-Guillaume emphasized that these strategic decisions will accelerate growth and focus on high-performance coatings in key global markets.