| Revenue growth | 18.8% L2L growth YoY. |
|---|---|
| Margins | GM% diluted; narrower impact via opex management. |
| Order book | B2B segment shows strong order wins. |
| Demand visibility | Strong wins in Infrastructure, Power, and Coil sectors. |
| Management confidence | High; focusing on scale and execution. |
Growth
L2L Revenue rose 18.8% to ₹965 Cr; Standalone PAT surged 101.6% to ₹135.5 Cr, aided by dividend income.
Outlook
Targeting top 3 paint company status by FY30. Synergies through Project Akshaya realized ₹2.4 Cr in Q1.
Risks
Margins impacted by elevated raw material prices, staggered price increases, and higher promotional spends.
Last quarter's promises, checked
Delivered
- Guided double-digit volume growth → delivered 25% (= BEAT)
- Targeted market share gains → delivered 18.8% L2L revenue growth (= BEAT)
- Guided price increases to offset RMC → delivered 9.7% price hikes (= BEAT)
Partly delivered
- Targeted top 3 player status → in-progress via Project Akshaya (= PARTIAL)
Missed
- Guided EBITDA protection at 14.4% → delivered margin dilution (= MISS)
Investor Presentation filed with BSE, NSE: JSWDULUX. Summary written with AI assistance from the document.
JSW Dulux Ltd: key numbers
- Share price
- ₹3,199.60
- Market cap
- ₹14,654 Cr
- Revenue (annual)
- ₹3,599 Cr
- Net profit (annual)
- ₹1,974 Cr
- P/E (TTM)
- 7.5×Sector 45.9×
- Promoter holding
- 61.20%+0.00% QoQ
- FII holding
- 8.49%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 Legal & Regulatory
JSW Dulux Limited received a Show Cause Notice from the West Bengal GST Department for Rs. 0.57 Crore regarding Input Tax Credit disallowance.
- Value
- ₹0.57 Cr
- From
- West Bengal GST Department
JSW Dulux Capital Structure Change
JSW Dulux Ltd has fixed 22nd October 2026 as the record date for the sub-division of its equity shares.
JSW Dulux Legal & Regulatory
JSW Dulux reported that the Karnataka GST Department nullified the entire aggregate demand of Rs. 14.76 Crore. The company successfully appealed the original tax demand order.
- Value
- ₹14.76 Cr
JSW Dulux Annual General Meeting
JSW Dulux intimated that e-voting for its postal ballot on face-value split and capital clause alterations closed on 20 September 2026. Results await the Scrutinizer's report.
JSW Dulux Legal & Regulatory
JSW Dulux received a Karnataka GST Show Cause Notice demanding Rs.10.61 Crore for ITC disallowance (April 2022–March 2023). The company is responding within the stipulated timeline.
- Value
- ₹10.61 Cr
JSW Dulux Legal & Regulatory
JSW Dulux received a GST show cause notice from the Karnataka GST Department demanding ₹48.59 Crore. The company is preparing its response to the authorities.
- Value
- ₹48.59 Cr