Home / Business and Economy / JSW Dulux Profit Drops 12%, Eyes Growth with Share Split
JSW Dulux Profit Drops 12%, Eyes Growth with Share Split
11 Aug
Summary
- JSW Dulux net profit declined 12.42% to ₹79.7 crore in Q1 FY27.
- Revenue saw a 2.8% decrease to ₹965 crore in the same period.
- The company approved a 1:10 equity share split to boost accessibility.
JSW Dulux, formerly Akzo Nobel India, announced a 12.42% decline in net profit for the first quarter of FY27, with earnings at ₹79.7 crore compared to ₹91 crore in the prior year. Revenue also experienced a 2.8% decrease, falling to ₹965 crore.
EBITDA saw a 14.4% reduction, and the EBITDA margin contracted to 11.93%. However, the retained business showed a strong volume growth of 25% and revenue increased by 18.8% to ₹965 crore.
Profit after tax for the retained business surged by 101.6% to ₹135.5 crore. The company also approved a proposal for a 1:10 equity share split, subject to shareholder and regulatory approvals, aiming to improve share accessibility and liquidity.
Management expressed confidence in strategic priorities, citing double-digit growth in Decorative and Industrial Paints, driven by premium portfolios and new order wins in industrial sectors. Calibrated price increases were implemented to counter raw material inflation.
