JSW Dulux Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
JSW Dulux (formerly Akzo Nobel India) held its 72nd AGM, reporting FY2026 revenue from retained operations of Rs.3,599.2 crore on 7% volume growth, with EBITDA of Rs.507.4 crore and profit before tax excluding exceptional items of over Rs.453 crore. Management described the year as one of corporate transformation following the JSW Group's acquisition and rebranding from Akzo Nobel India, alongside expansion of manufacturing capacity, distribution reach and new product launches. The company confirmed an interim dividend of Rs.156 per share already paid and proposed a final dividend of Rs.50 per share for the year.
JSW Dulux reported 23% blended volume growth across decorative and industrial paints in Q4 FY26, alongside 6.2% revenue growth, with management attributing the gap to price corrections taken in prior quarters and mix shift. EBITDA grew about 2% on a like-for-like basis while PBT declined slightly, with management citing elevated raw material inflation of 24-25% as pressuring margins. The company also completed its last real estate asset sale for INR64.8 crores and the Board approved a final dividend of INR50 per share.