AkzoNobel NV, the Dutch company that owns Dulux, is considering different options for its decorative paints business in India, such as potential partnerships or selling a stake.
AkzoNobel's CEO, Gregoire Poux Guillaume, mentioned key players in the market, including Grasim Industries and Asian Paints, during a recent earnings call. The company is facing increasing competition and is exploring various avenues to address this challenge.
One option being considered is forming alliances with partners who have stronger distribution networks. Another possibility is completely exiting the Indian market. This strategic review is part of AkzoNobel's plan to focus its capital on its core coatings business. It indicates a broader reassessment of the company's position in South Asia, particularly in a market that is seen as ready for consolidation.