Asian Paints informs today that the Company sold its entire holding of 20,10,626 equity shares in Akzo Nobel India Limited. Asian Paints held a 4.42% Stake in Akzo Nobel India Limited, and they sold it for Rs. 3,651 per share through the bulk deal. Asian Paints raised almost 734 Crores through this bulk deal.
The Reason behind Asian Paints Stake was because of recently JSW Paints acquired a majority stake in Akzo Nobel India in June. In the Paint Industries, Asian Paints is the Market Leader with a 52% market share, which has dropped. Earlier, Asian Paints held almost 60% Paints Industries Market Share.
Asian Paints Market Share Dropped Because Aditya Birla Grasim Came With “Birla Opus” and Whole Paint Industries Changed.
Paint Industries Market Share (As of March 31, 2025):
- Asian Paints: 52% Market Share
- Berger Paints: 18-20%
- Kansai Nerolac Paints: 15%
- AkzoNobel India (Dulux): 7-8%
- Birla Opus (Grasim Industries): 7%
In the Paint industry, there are many other small players also there, like Indigo Paints, Nippon Paint, Shalimar Paints, etc.
In Q4 FY25 Results, Asian Paints reported net profit of ₹700.83 crore, which is almosta 45% drop compared to the previous year quarter. In FY25, Asian Paints reported revenue of ₹30,034.5 Cr and ₹3,597.6 Cr Net profit. The Company also announced an interim dividend of ₹4.25 per equity share.
This company will be in focus on July 29, 2025, because of their Q1 FY26 financial results.