JSW Dulux Limited (formerly Akzo Nobel India Limited) has announced its financial performance for Q4 and the full financial year ended March 31, 2026. The company reported record 23% volume growth in Q4 and proposed a total dividend of ₹206 per share for the year. Following its acquisition by JSW Paints Limited, the firm has also announced a new statutory auditor and a key addition to its senior management team.
Financial Performance Highlights
For the quarter ended March 31, 2026, JSW Dulux reported a strong performance with 23% volume growth. Revenue from operations for the retained business in Q4 reached ₹883.3 crore, representing a 6.2% increase compared to the same period in the previous year. For the full fiscal year 2025-26, revenue stood at ₹3,599.2 crore, while PBT excluding exceptional items was ₹453.3 crore.
Dividend and Shareholder Value
The Board of Directors has recommended a final dividend of ₹50 per share. When combined with the previously paid special interim dividend of ₹156 per share, the total dividend payout for the financial year 2025-26 reaches ₹206 per share. This proposal is subject to shareholder approval at the upcoming 72nd Annual General Meeting scheduled for July 10, 2026.
Strategic Leadership and Corporate Changes
Following the company’s transformation and acquisition by the JSW Group, several key governance updates were announced. The company has recommended the appointment of Deloitte Haskins & Sells LLP as its new Statutory Auditor for a period of five years, starting from the conclusion of the 72nd AGM. Additionally, Ms. Ritika Chopra has been appointed as the new Head of HR and a member of the Senior Management Personnel team, effective May 13, 2026.
Exceptional Items and Business Outlook
The company recognized exceptional items totaling ₹18,463 million for the year, primarily driven by the strategic slump sale of the Powder Coatings and International Research Center divisions. Management remains focused on leveraging synergies within the JSW Group, accelerating market share gains, and mitigating raw material cost pressures through calibrated pricing actions in the coming fiscal year.
Source: BSE
