JSW Dulux profit doubles on strong volume growth

Mumbai-based JSW Dulux reported a significant increase in profit from its retained business in the June quarter, with earnings more than doubling to Rs 135.5 crore. This growth was driven by a 25% rise in sales volume, the company disclosed on Tuesday. The board also approved a 10-for-1 stock split during the same period.

Revenue from the retained business increased by nearly 19% to Rs 965 crore, while earnings before interest, tax, depreciation, and amortization (EBITDA) grew by nearly 15% to Rs 115.1 crore. These figures, provided by JSW Dulux, exclude certain promotional spends and dividend income, which were reorganized, and are based on management estimates. They are also provisional and unaudited.

Joint Managing Director Rajiv Rajgopal stated that the first quarter of FY2026-27 began on a positive note, with solid progress made on strategic priorities. The decorative paints segment witnessed strong growth across retail and project businesses, while the industrial paints segment benefited from new orders in energy, infrastructure, automotive OEMs, premium vehicle refinish, and coil coatings.

Despite the impressive profit growth, the company's net profit for the quarter fell 12% year-on-year to Rs 79.7 crore, while revenue from operations declined around 3% to Rs 965 crore. At a consolidated level, this was due to a 12% year-on-year decline in net profit, attributed to inflation in raw materials. JSW Dulux also faced a 3% year-on-year decline in consolidated revenue from operations.