ALFA Finder| Revenue growth | 6% YoY in Q4; -1% for FY26 (ex-carve out). |
|---|---|
| Margins | GM% contracted to 40.6% from 43.8% due to business mix. |
| Order book | Strong growth in Oil & Gas and Infrastructure orders. |
| Demand visibility | Strong traction in retail and semi-urban geographies. |
| Management confidence | Renewed focus in H2 led to 23% volume growth in Q4. |
Growth
Q4 revenue grew 6% YoY to ₹883.3 Cr. FY26 PAT surged 443% due to ₹1,874 Cr business sale in Q2.
Outlook
Targets geographic expansion to 6,000 towns by next year; focus on innovation and value engineering to scale operations.
Risks
Raw material price volatility (spiked in March) and high competitive intensity in decorative and mid-market segments.
Earnings Call filed with BSE, NSE: JSWDULUX. Summary written with AI assistance from the document.
JSW Dulux Ltd: key numbers
- Share price
- ₹293.10
- Market cap
- ₹13,423 Cr
- Revenue (annual)
- ₹3,599 Cr
- Net profit (annual)
- ₹1,974 Cr
- P/E (TTM)
- 38.2×Sector 44.3×
- Promoter holding
- 61.20%+0.00% QoQ
- FII holding
- 8.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from JSW Dulux Ltd
All →JSW Dulux Other Announcement
JSW Paints Limited, the promoter of JSW Dulux Limited, has entered into a debenture trust deed for a Rs. 2,950 Crore NCD issuance. The agreement imposes certain restrictive covenants and control-related obligations on the listed subsidiary.
- Value
- ₹2,950 Cr
JSW Dulux Other Announcement
JSW Dulux Limited filed an Audio/Video Recording intimation dated 4 November 2026 with a link to its investor page. The filing carries no transaction, financial figures, or disclosed content of the call.
JSW Dulux Management Change
JSW Dulux's board appointed Bahram Navroz Vakil as Independent Director for three years from 4 November 2026, subject to shareholder approval. Unaudited half-year results were approved.
- Execution
- 3 years (4 November 2026 to 3 November 2029)
JSW Dulux Investor Presentation: Key Takeaways
Q2 FY27 comparable revenue ₹961.9 Cr (+21.3%), EBITDA ₹110.9 Cr (11.5% margin), PAT ₹71.2 Cr (+2%). Volume growth strong; margins diluted by raw-material inflation.
JSW Dulux Q2 FY27 Results: Net Profit ₹71.4 Cr, Down 95.8% YoY
JSW Dulux Ltd reported revenue from operations of ₹961.9 Cr (+16.2% YoY) and net profit of ₹71.4 Cr (-95.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹71.4 Cr · -95.8% YoY
JSW Dulux Capital Structure Change
HDFC Mutual Fund schemes raised their JSW Dulux stake to 8.06% via open market buying. The stake rose 2.21% as of October 30, 2026.