JSW Dulux Limited announced its financial results for the second quarter of FY27, reporting a 21.3% increase in revenue to INR 110.9 crores. The company also saw a 4.4% rise in EBITDA and a 2% growth in PAT, excluding exceptional items. The decorative segment showed mid-double-digit growth, while the industrial segment experienced over 32% growth. The company has implemented price increases across its product lines to counter inflationary pressures.
JSW Dulux Announces Q2 FY27 Financial Performance
JSW Dulux Limited has disclosed its financial performance for the second quarter ending September 30, 2026. The company reported a robust 21.3% year-on-year revenue growth, reaching INR 110.9 crores for the quarter. EBITDA saw a 4.4% increase compared to the corresponding period last year, standing at INR 110.9 crores. Profit After Tax (PAT), excluding exceptional items, grew by 2% to INR 71.2 crores from INR 69.8 crores.
Segmental Performance Highlights
Both the decorative and industrial segments demonstrated strong performance during the quarter. The decorative business achieved mid-double-digit growth, while the industrial segment recorded an impressive growth of over 32%. This revenue growth was primarily led by the industrial business. However, the company noted a slight impact on gross margins in the industrial segment due to the price hikes not being fully sufficient to offset increased costs.
Market Dynamics and Strategic Initiatives
JSW Dulux experienced significant volume growth of approximately 21.8% during the quarter, with revenue growth at 21.3%. The company implemented price increases in three tranches, with the latest taken on October 26, to manage the impact of elevated crude levels and currency fluctuations. The company is also focusing on innovation, integration, and cross-manufacturing initiatives, including Project Akshaya, aimed at achieving synergies and cost efficiencies. Investments are continuing in tinting machines and store expansion.
Outlook and Forward Guidance
The company expressed optimism regarding future growth, despite inflationary pressures and market uncertainties. Management highlighted that the price increases are expected to recover the impact on margins over the short term. They are also exploring new segments and opportunities to drive growth. JSW Dulux aims to maintain a balance between growth and margin accretion, targeting an EBITDA margin of around 13%.
Key Financials at a Glance (Q2 FY27)
- Revenue Growth: 21.3%
- EBITDA Growth: 4.4%
- PAT Growth (excluding exceptional items): 2%
- Volume Growth: 21.8%
- Decorative Segment Growth: Mid-double digits
- Industrial Segment Growth: Over 32%
Source: BSE
