Jsw Dulux Ltd · NSE:JSWDULUX
Jsw Dulux — Akzo Nobel India — Q3 FY2025-26 Earnings Presentation
12 slides from Jsw Dulux's earnings presentation, Feb 3, 2026
Slide 1: Regulation 30 cover letter to stock exchanges
Akzo Nobel India Limited 3rd February 2026 Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Ltd. 1st floor, New Trading Ring Exchange Plaza, 5th floor, Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001
Slide 2: Akzo Nobel India Ltd. Investor Call
Akzo Nobel India Ltd. Investor Call 3rd Feb 2026
Slide 3: Safe Harbor Statement
Safe Harbor Statement This media release contains statements which address such key issues as the Company’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should
Slide 4: Corporate Updates
Corporate Updates Completion of acquisition and Promoter change: JSW Paints became the Promoter and Holding Company of Akzo Nobel India Limited, pursuant to the acquisition of 60.76% shareholding in Akzo Nobel India Limited. JSW Paints currently holds 61.2% of the paid-up equity share capital of the
Slide 5: Business Performance (excluding carved out business)
Business Performance (excluding carved out business^) Gaining momentum QoQ; Double-digit profitability sustained Q3 Performance Other Highlights ❖ Overall Volume up 5.9%; Revenue down ❖ Dulux Weathershield Metallics launched; over 1.0% (including Exports) 80 metallic shades backed by a 10-year warra
Slide 6: Decorative Paints vertical
Decorative Paints vertical Playing to our strengths; rewiring to the new strategy • Quarter of mixed demand amid competitive pressure • Premium grew 4%, underpinned by launches in Exteriors – Weathershield Metallics and Floor Plus. Waterproofing achieved 17% growth • Retail grew faster across geogra
Slide 7: Coatings vertical
Coatings vertical Customer focused solutions across industries Marine & Protective Coatings: Automotive & Specialty Coatings: Industrial Coatings: Surface protection across industries New wins and exclusive partnerships Conducive demand driving growth • Growth in Power, Oil & Gas and • Premium grew
Slide 8: Q3 2025-26 Performance – excluding carved-out business
Q3 2025-26 Performance – excluding carved-out business^ Topline growth of ~1.8% on domestic sales; EBITDA at 14.9% Revenue GM EBITDA PAT* | | | | | 907.7 | 382.7 | 135.7 | 94.6 916.6 -1.0% 379.5 0.9% 138.4 -2.0% 89.3 5.9% 41.4% 42.2% 15.1% 14.9% 9.7% 10.4% ^ Powder and International Research Centre
Slide 9: Entity P&L – excluding carved-out business
Entity P&L – excluding carved-out business^ Q3 9M (₹ Cr) LY restated CY % change LY restated CY % change Revenue 916.6 907.7 -1% 2,800.7 2,737.7 -2% GM 379.5 382.7 1% 1,206.0 1,153.8 -4% OPEX 241.1 247.1 2% 784.3 773.1 -1% EBITDA 138.4 135.7 -2% 421.7 380.7 -10% PBT 120.5 101.0 -16% 376.9 2,195.4 48
Slide 10: Entity P&L (Reported)
Entity P&L (Reported) Q3 9M (₹ Cr) LY CY % change LY CY % change Revenue 1,050.5 907.7 -14% 3,069.1 2,737.7 -11% GM 440.2 382.7 -13% 1,331.9 1,153.8 -13% OPEX 273.2 247.1 -10% 849.6 773.1 -9% EBITDA 167.0 135.7 -19% 482.3 380.7 -21% PBT 146.2 101.0 -31% 432.3 2,195.4 408% PAT 108.6 74.1 -32% 321.1 1
Slide 11: Concluding Remarks
Concluding Remarks “And now we are the fourth-largest player in the paint space in India, with a very clear mandate to move into the top three and then the top two. So it’s very exciting. There’s a lot going on at the group.” - Parth Jindal, Chairman - ANIL • Focused strategy to drive market share g
Slide 12: Thank you!
Thank you! 11
Akzo Nobel India — Q3 FY2025-26 Earnings Presentation on 6ix