JSW Dulux Limited reported a strong finish to the financial year 2025-26, characterized by double-digit volume growth in Q4. The company has officially completed its rebranding following the transition from Akzo Nobel India, established its new headquarters in Mumbai, and strengthened its board with key appointments. With a robust performance in the quarter, the board has recommended a final dividend of ₹50 per share, reflecting sustained profitability and confidence in its future growth strategy.
Financial Highlights for Q4 2025-26
Excluding the carved-out business, JSW Dulux Limited achieved a revenue of ₹883.3 crore, representing a 6.2% growth compared to the previous year. The company demonstrated strong operational efficiency with an EBITDA of ₹126.9 crore, a 2.1% increase, and a Profit After Tax (PAT) of ₹125.7 crore, marking a significant 51.6% growth. This momentum highlights the company’s ability to navigate competitive intensity and market volatility effectively.
Strategic Business Updates
The company has undergone significant corporate changes, including the formal name change to JSW Dulux Limited and the relocation of its corporate headquarters to JSW Center, Mumbai, effective April 1, 2026. Furthermore, the board has been strengthened with the appointment of Mr. Kaustubh Sudhakar Kulkarni as a Non-Executive Director and Ms. Sutapa Banerjee as an Independent Director, signaling a commitment to robust corporate governance and leadership.
Operational Performance and Growth Drivers
The Decorative Paints vertical saw a rebound in volume growth, supported by new product launches such as VT Luxury Finishes and mass-market primers. The Industrial Paints segment also maintained strong momentum, particularly in the Marine & Protective Coatings business, which recorded its highest revenue in March. Growth was further bolstered by marquee project wins in the industrial coatings sector and expanded OEM partnerships in the Auto & Specialty Coatings segment.
Future Ambitions
Looking ahead, JSW Dulux aims to be the preferred brand through continuous innovation and superior quality. The company’s roadmap for the coming year includes an ambitious geographic expansion to cover 6,000 towns, significant product range enhancements, and a strategic reinvestment of royalty savings into painter engagement and brand-building initiatives. These efforts are designed to unlock operational synergies and drive sustainable market share gains.
Source: BSE
