Akzo Nobel India Limited has informed the Exchange about Investor Presentation

Akzo Nobel India Limited

7th November 2025

Department of Corporate Services BSE Limited 1st floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort Mumbai - 400 001 Scrip Code: 500710

Dear Sir/Madam,

Sub: Investor Presentation

The Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th floor, Bandra-Kurla Complex Bandra (E) Mumbai – 400051 Symbol: AKZOINDIA

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the investor call presentation document basis the unaudited financial results as approved by the Board of Directors on 6th November 2025, for the quarter and half year ended 30th September 2025.

Kindly take this on record.

Thanking you.

Yours truly, For Akzo Nobel India Limited

Rajiv L Jha Company Secretary & Compliance Officer FCS5948

Encl: as above.

Magnum Tower, 9th Floor T +91 124 485 2400 Golf Course Extension Road, Sector- 58 www.akzonobel.co.in

Gurugram – 122 011, Haryana, India

Registered office: 801A, South City Business Park, 770, Anandapur, E M Bypass, Near Fortis Hospital, Kolkata – 700 107 CIN: L24292WB1954PLC021516

Akzo Nobel India Ltd. Investor Call 7th Nov 2025

5 years of Dulux Assurance celebrated with ‘Lage Shaandaar, Chale Shaandaar’ campaign

Safe Harbor Statement This presentation contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals apart from potential synergies from partnering with JSW Paints. Such statements should be carefully considered, and it should be understood that many factors could cause forecast and actual results or outcomes to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures and approvals, as well as significant market disruptions. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. Also, the Company has been releasing the required disclosures/clarification/updates from time to time, as the case may be, to BSE and NSE pertaining to portfolio review by AkzoNobel NV and the latest updates thereon, and the management would not be responding to any general and/or specific query in this regard. However, the investors/public at large would be kept informed of any updates in this regard as per listing regulations.

Business Performance (excluding carved out business^) Volume growth offset by pricing corrections; Double-digit profitability sustained

Q1 Performance

Other Highlights

•

•

•

•

Volume up 3%; Revenue down 1.5%

B2C – impacted by inclement weather in key geographies, shortened festive season

B2B – Growth momentum continued on high base

EBIT% (excluding exceptional items) at 11.1%

•

•

•

5 years of Dulux Assurance celebrated with ‘Lage Shaandaar, Chale Shaandaar’ campaign

A new beginning in Liquid Coatings. Completion of divestment of Powder Coatings business (exceptional income of ₹18.7 bn)

Recognized for Skill Development initiatives by FICCI at the 21st CSR Awards

3

Investor call Q2 2025-26

^ contribution from Powder and International Research Centre

Decorative Paints vertical Playing to our strengths

• High single digit growth in Premium led by brand and market activation

•

•

Impact of extended monsoons on demand

Relaunched propositions in Mass (Promise) and Exterior Emulsions (Weathershield Projects).

4

Investor call Q2 2025-26

Coatings vertical Customer focused solutions across industries

MPY: Intumescent coatings enhancing fire safety

ASC: New wins and exclusive partnerships

ICO: Conducive demand driving growth

• Growth in Power and Mining businesses in

• Premium grew supported by new customer

• Strong orders in Coil and ACP businesses.

Protective.

acquisitions.

• Stress in Packaging business, particularly in

• Pick up in docking business in Marine.

• Market share gains in Auto OEM.

Beer & Beverage orders.

5

Investor call Q2 2025-26

OEM: Original Equipment Manufacturers

ACP: Aluminum Composite Panels

Q2 2025-26 Performance – excluding carved-out business^ Topline impacted by weather disruptions, competitive pressure; EBIT% ~stable

Revenue | |

8,349

8,477

^ Powder and IRC

-1.5%

3,640

GM

| |

3,447 -5.3%

EBIT*

945

| |

923

-2.4%

PAT*

758

| |

730

-3.7%

42.9%

41.3%

11.2%

11.1%

8.9%

8.7%

* excluding exceptional items

• Volume growth offset by

pricing corrections.

• B2C – Competitive intensity remains high. Slowdown in painting activity, weather disruption on festive demand.

• B2B – Growth limited by high

base.

• Retail vertical margins stable on YoY basis supported by better mix.

•

Pressure on margins in B2B verticals due to product mix and RM inflation.

•

Profitability stable  OPEX management.

•

Excludes Exceptional items of ₹18.7 bn (sale of Powder and IRC business + related costs)

6

Investor call Q2 2025-26

LY | CY

Values in ₹ mn LY restated numbers exclude Powder and IRC contribution (unaudited, based on Management estimates)

Entity P&L

(₹ mn) Revenue GM OPEX EBIT PBT PAT

2025-26 8,349 3,447 2,524 923 19,719 16,827

PBT excl Exceptionals PAT excl Exceptionals

977 730

Ratios GM% OPEX/ Rev. % EBIT% PAT% PAT% excl Exceptionals

41.3% 30.2% 11.1% 201.5% 8.7%

2024-25 9,823 4,290 3,047 1,242 1,318 979

1,318 979

43.7% 31.0% 12.6% 10.0% 10.0%

Q2 % change -15.0% -19.6% -17.2% -25.7% 1396.2% 1618.4%

-25.9% -25.5%

% change -1.5% -5.3% -6.3% -2.4% 1831.0% 2119.8%

-4.3% -3.7%

LY restated 8,477 3,640 2,695 945 1,021 758

1,021 758

42.9% 31.8% 11.2% 8.9% 8.9%

2025-26 18,300 7,709 5,624 2,085 20,944 17,737

2,202 1,639

42.1% 30.7% 11.4% 96.9% 9.0%

2024-25 20,186 8,916 6,203 2,713 2,861 2,125

2,861 2,125

44.2% 30.7% 13.4% 10.5% 10.5%

H1 % change -9.3% -13.5% -9.3% -23.1% 632.1% 734.5%

-23.0% -22.9%

% change -2.9% -6.7% -3.9% -13.7% 716.9% 831.4%

-14.1% -13.9%

LY restated 18,840 8,266 5,850 2,416 2,564 1,904

2,564 1,904

43.9% 31.1% 12.8% 10.1% 10.1%

7

/ Investor call Q2 2025-26

Based on Limited Review results; Includes unallocable items (Corporate income and costs) LY restated numbers exclude Powder and IRC contribution (provisional, unaudited, based on Management estimates)

Update on JSW acquisition

• CCI approval received (16th Sep)

• Clearance on open offer received from SEBI (23rd Oct)

• Tender window closed (6th Nov)

• Conclusion expected by end November

8

/ Investor call Q2 2025-26

Concluding Remarks

“Combine the magic of Dulux and thoughtfulness of JSW Paints”

- Parth Jindal, Managing Director - JSW Paints

• Recognized for our products and services, innovation and

customer service

• Finetuning strategy to drive market share gains

• Maintaining our commitment to shareholder value creation

• ESG embedded in our ways of working; Committed to our

Sustainability ambitions

9

/ Investor call Q2 2025-26

Commendation for Skill Development conferred by FICCI at the 21st CSR Awards

Thank you!