Analysts/Institutional Investor Meet/Con. Call Updates

AkzoNobel India's Q3 FY26 revenue was ₹907.7 Cr (-1% reported, +2% domestic like-to-like, adjusting for ~₹25 Cr/quarter divestiture impact). Volumes grew 6% blended, Decorative at 8%. Gross margins improved, EBITDA 14.9%. PAT ex-exceptionals rose 5.9%. Management prioritizes revenue/volume growth under JSW Group, aiming for #2 in paints.

₹60-65 Cr annual royalty savings to fund expansion.

Q4 outlook is strong, though competitive intensity may last 2-3 quarters.

Company holds ₹200-225 Cr free cash.

Confident about integrating and leveraging JSW Dulux brand, targeting 14.5-15% EBITDA margins. #Paints #IndiaGrowth