Akzo Nobel India announces Q2 results for 2022-23

Akzo Nobel India announces Q2 results for 2022-23

Today, the Board of Directors of Akzo Nobel India Limited, a leading paints and coatings company and
maker of Dulux Paints, approved the financial results for the quarter ended 30September 2022.

Performance highlights

Sharing an overview on the second quarter performance, Rajiv Rajgopal, Managing Director, Akzo
Nobel India said,
“The double-digit topline growth across paints and coatings was led by pricing actions and marketing
campaigns for key propositions ahead of festive season. Our focus continues to be on improving margins
and cost rationalization.Decorative paints momentum was led by premium portfolio, robust demand from
urban geographies and the conducive real estate sector providing tailwind to projects. Improved demand
from infrastructure, oil and gas, automotive and architecture drove coatings growth”.
Recent highlights:
BRAND CONNECT: Strengthening consumer connect in the festive season, the new ‘Joy is DIY’digital
campaign was rolled out for Dulux Simply Refresh– the pioneering one-coat multi-surface range of DIY
solutions for decorative paints and home repair needs.

INNOVATION:Akzo Nobel India has signed the letters of intent with the two winners of Paint the Future India
startup challenge. The startups – HyperReality Technologies and Fluid AIwill join the accelerator program
where theywill have access to AkzoNobel’sglobal experts and resources; and will develop a digital value-
proposition that can enhance the experience of Dulux consumers in India.
SUSTAINABILITY: India’s world-famous Blue City has been repainted and refreshed by AkzoNobel as part of a
major “Let’s Colour” project involving 250 homes. More than 5,600 liters of Dulux paint were usedto revitalize
the area surrounding the fort. The roofs of more than 100 houses have been coated with Dulux Weathershield
Protect, which can help to reduce temperatures by up to 5˚C.​

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