JSW Dulux Q2 profit down 9.2 % at ₹ 89 cr, revenue rises to ₹962 cr
The company, formerly known as Akzo Nobel India Ltd, had posted a net profit of ₹97.8 crore in the corresponding July-September quarter a year ago, according to a regulatory filing.
Paints and coatings maker JSW Dulux Ltd on Wednesday reported a 9.2% decline in consolidated net profit to ₹88.8 crore for the September quarter.The company, formerly known as Akzo Nobel India Ltd, had posted a net profit of ₹97.8 crore in the corresponding July-September quarter a year ago, according to a regulatory filing.Its revenue from operations stood at ₹961.9 crore in the September quarter of FY27, up 16.2% year-on-year. It was at ₹827.6 crore in the corresponding quarter a year ago.The company also reported a strong volume growth of 21% in Q2 FY27, JSW Dulux said in its earnings statement.Its total expenses increased 18.7% to ₹875.5 crore in the quarter under review.JSW Dulux’s total income in the September quarter stood at ₹964.3 crore, up 15.44% YoY.In the first half of FY27, JSW Dulux’s total consolidated income jumped 6.4% to ₹1,954.9 crore.Commenting on the results, Joint Managing Director and CEO Rajiv Rajgopal said, “We delivered consecutive quarters of double-digit volume and value growth, reflecting steady progress on our strategic priorities. We continued to make steady market share gains across our businesses.”In Decorative Paints, all categories witnessed strong traction leading up to the festive season.
Industrial Paints performance was aided by strong demand in infrastructure and energy sectors.“We saw gains in the automotive space with customer wins and entry into new verticals. While raw material inflation remains elevated, we have undertaken calibrated price increases to partly offset margin dilution,” he said.Despite these headwinds, comparable Ebitda grew 4.4% through a prudent balance between cost management and growth initiatives.“However, as geopolitical disturbances continue to affect raw material inflation, we will keep evaluating the situation and implementing calibrated price increases,” he said.In December 2025, JSW Paints, a part of the 23 billion JSW Group, acquired a 60.76% stake in Akzo Nobel India pursuant to the Share Purchase Agreement between JSW Paints Ltd and Imperial Chemicals Industries Ltd, and Akzo Nobel Coatings International BV.After the acquisition, JSW Paints has become the Promoter and Holding Company of Akzo Nobel India.Also Read: Max Estates Q2 profit falls despite revenue growth; pre-sales jump 14-fold
Related Stories
Around 600% jump in 5 years: Citi maintains 'buy' on Maharatna defence PSU HAL for up to 28% - Check target, rationale
HAL shares have weakened recently, but Citi retained its Buy rating and ₹6,175 target, implying about 28% upside. Citi cited higher inventory and support from engines, helicopters and repairs amid delayed Tejas Mk1A deliveries.
AI relief fails to lift legacy IT stocks as earnings worries weigh
The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.
YES Bank files SC review plea over AT-1 bonds: What does it mean for investors after stock's 15% rebound?
YES Bank has asked the Supreme Court to review its October 15 ruling against the write-down of ₹8,415 crore in AT-1 bonds. The move follows a bondholders’ trustee’s contempt petition seeking restoration of the bonds. The ruling has weighed on the bank’s capital outlook and share price.