Akzo Nobel India posted a Q2 FY26 net profit of ₹1,683 crore, fueled by a ₹1,874 crore exceptional gain from divestments. Operational revenue declined 15% YoY to ₹835 crore, and EBIT fell 25.7%. Core business performance remained stable, with minor declines. Strategic moves drove strong profitability.
Akzo Nobel India Ltd has reported a remarkable surge in its Q2 FY26 earnings, showcasing a sharp rise in profitability despite a dip in operational revenue. The standout figure is a consolidated net profit of ₹1,683 crore, propelled by an exceptional gain of ₹1,874 crore from business divestments.
Key Highlights from Q2 FY26 Results
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Net Profit: ₹1,683 crore, up from ₹97 crore YoY, driven by one-time exceptional items.
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Exceptional Gain: ₹1,874 crore attributed to strategic business divestments.
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Revenue from Operations: ₹835 crore, marking a 15% YoY decline and 16.1% sequential drop.
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EBIT (Earnings Before Interest & Tax): ₹92.3 crore, down 25.7% YoY.
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Other Income: ₹7.7 crore, slightly lower than ₹9.1 crore in Q2 FY25.
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Excluding Divested Businesses: Revenue fell 1.5%, EBIT declined 2.4%, indicating modest pressure on core operations.
Despite the dip in topline figures, the company’s strategic moves have significantly boosted bottom-line performance. Akzo Nobel India continues to navigate market challenges while leveraging portfolio optimization to enhance shareholder value.
Sources: CNBC TV18, ScanX News, Mint