Market Performance
Akzo Nobel India's share price saw sharp pressure in mid-week trade.
The stock slipped nearly 14–15%, touching around ₹3,080, as heavy volumes hit the counter.
The fall came amid reports of a large block deal worth nearly ₹1,640 crore, which kept the stock under selling pressure through the session. Akzo Nobel India shares were among the most active names in the Indian stock market today.
Main News: Block Deal Triggers Sharp Fall
Akzo Nobel India's share price news turned negative after reports of a promoter stake sale emerged.
Around 5.19 million shares, representing nearly 11.4% of the company’s equity, were traded through a block deal.
The transaction value stood close to ₹1,638.5 crore, with shares reportedly changing hands at ₹3,159 per share.
A day earlier, reports indicated that the promoter entity, Imperial Chemical Industries, was planning to divest up to a 9% stake through a block deal.
The proposed deal was pegged at about ₹1,290.6 crore, with a floor price of ₹3,150, implying a 13% discount to the previous close.
The size and pricing of the deal weighed heavily on Akzo Nobel India stock, leading to a sharp intraday correction.
Promoter Holding Snapshot
As of the September quarter, Imperial Chemical Industries held a 45.46% stake in Akzo Nobel India.
Earlier in December, a major ownership change had already reshaped the company’s shareholding structure. JSW Paints acquired a 60.7% controlling stake, officially stepping in as the promoter.
Post-acquisition, the combined paints business placed JSW Paints among the top three players in India’s decorative paints segment, despite the company being relatively young in the industry.
Akzo Nobel India Q2 Results FY26
The company’s quarterly numbers added another layer of complexity to the stock’s movement.
For the July–September quarter, Akzo Nobel India reported a sharp jump in profitability:
- Net profit: ₹1,682 crore
- Net profit (YoY): ₹97 crore last year
- Exceptional gain: ₹1,874 crore
The surge was largely driven by a one-time exceptional gain, rather than core operational growth.
At the same time, the topline showed pressure:
- Revenue: ₹835 crore, down 15% YoY
- Sequential revenue decline: 16.1%
- Other income: ₹7.7 crore vs ₹9.1 crore last year
- Total expenditure: ₹745 crore, down from ₹860 crore YoY
The contrasting trends of strong profit but weaker revenue kept Akzo Nobel India's Q2 results under close market scrutiny.
Company Details at a Glance
Akzo Nobel India operates in the paints and coatings space, catering to decorative and industrial segments.
The company has remained a well-known name in the Indian stock market, with frequent focus on ownership changes, corporate actions, and quarterly earnings.
Recent developments around stake sales and restructuring have made Akzo Nobel India's share price today highly sensitive to news flow.
Summary
Akzo Nobel India shares came under intense pressure after reports of a large block deal worth nearly ₹1,640 crore surfaced.
Heavy volumes, discounted pricing, and uncertainty around promoter stake movement dragged the stock lower.
At the same time, Akzo Nobel India Q2 results FY26 showed a sharp jump in profits due to a one-off gain, even as revenue declined.
Together, these factors shaped the stock’s sharp move and kept Akzo Nobel India firmly in focus across the Indian stock market today.
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