JSW Dulux Limited reported a strong close to FY2025-26, achieving record 23% volume growth in Q4. The company announced a final dividend of ₹50 per share, bringing the total dividend for the year to ₹206 per share. Following its acquisition by JSW Paints Limited in December 2025, the company is pivoting toward accelerated growth and market share gains, driven by brand innovation and strategic operational efficiency across its paint and coating business verticals.
Annual and Quarterly Financial Performance
For the financial year ended March 31, 2026, the company reported revenue from operations of ₹3,599.2 crore. The company saw a robust finish to the year, with a 6.2% revenue increase in Q4 compared to the previous year, supported by record 23% volume growth. The reported Profit Before Tax (PBT) for the full year, excluding exceptional items, stood at ₹453.3 crore.
Strategic Dividend Proposal
The Board of Directors has recommended a final dividend of ₹50 per equity share for FY2025-26. Combined with a previously paid special interim dividend of ₹156 per share, this brings the total annual payout to ₹206 per share. The final dividend is subject to approval by shareholders at the 72nd Annual General Meeting scheduled for July 10, 2026.
Leadership and Operational Changes
The company confirmed significant organizational developments, including the appointment of Ms. Ritika Chopra as the new Head of HR and Senior Management Personnel, effective May 13, 2026. Furthermore, the company announced a transition in its statutory auditors, recommending M/s. Deloitte Haskins & Sells LLP for a five-year term, following the completion of the tenure of M/s. Price Waterhouse Chartered Accountants LLP.
Market Outlook and Growth Initiatives
Following the successful integration into the JSW Group, management highlighted a positive outlook for FY2026-27. The company plans to focus on double-digit growth and increased market penetration. To mitigate raw material cost pressures, the company has implemented calibrated price increases in its business verticals. Recent product launches, such as the Dulux Velvet Touch Luxury Finishes and the Dulux Promise 2-in-1 Primer, are central to the company’s ongoing strategy to capture demand in both the luxury and mass market segments.
Source: BSE
