Akzo Nobel India Limited, formerly ICI India Limited, is a part of the Netherlands head-quartered Akzo Nobel group, the largest global paints and coating company, which acquired control of ICI India in 2008, due to change in control of Imperial Chemical Industries Plc (ICI) at the global level. It has been in existence for some 60 years, and it manufactures paints, specialty chemicals and starch, of which, paints account for 98% of total sales revenue. Its brand includes the well-known Dulux brand of paint.

The company posted a consistent performance for Q2FY15, with a 5% (YoY) rise in net sales at Rs.593 crore. Despite operating costs ate away lesser of net sales this quarter – 95% compared to 97% in previous Q2. EBITDA was at Rs.53 crore, up from Rs.37 crore in Q2FY14 and margin was much better at 8.94% v/s 6.55%. Net profit was at Rs.36 crore, up 6%. For H1FY15, net profit stands at Rs.91 crore, up 34% over H1FY14 and already at 61% of FY14 net profit. Reserves as at 30^th Sept stands at a healthy Rs.800 crore and market cap of this almost-debt free company is over Rs.6000 crore.