JSW Dulux Announces Q1 FY2026-27 Results and Approves Stock Split

JSW Dulux Announces Q1 FY2026-27 Results and Approves Stock Split​

JSW Dulux Limited (formerly Akzo Nobel India Limited) announced its unaudited financial results for the first quarter of fiscal year 2026-27, concluding on June 30, 2026. The company also approved a major corporate action involving the subdivision and split of its equity shares, subject to subsequent shareholder approval via Postal Ballot.

The Board of Directors reviewed and approved the results, which were presented alongside the necessary unaudited financial statements and an independent auditor's review report.

Q1 FY2026-27 Financial Performance Highlights​

JSW Dulux reported key metrics for the quarter ended June 30, 2026. The company provided comparative data, including results of retained business compared to the full reporting period in previous years.

Key financial indicators from the unaudited standalone and consolidated reports include:


The company's consolidated performance reflected the results of JSW Dulux Limited and its subsidiary, ICI India Research and Technology Centre Private Limited. The consolidated revenue from operations for Q1 FY2026-27 stood at 9,650 million, up from 9,931 million in the corresponding period of the previous year.

Corporate Actions and Strategic Moves​

In addition to the financial results, the Board of Directors approved the alteration of the company's capital structure. This involves the subdivision or split of the existing equity shares, which previously had a face value of Rs. 10/- (Rupees Ten only) each, into 10 equity shares, with each having a face value of Rs. 1/- (Rupee One only).

The proposal for this stock split is subject to approval by the shareholders through a Postal Ballot and other necessary statutory requirements. The company has also approved related alterations to its Memorandum and Articles of Association consequential to the proposed subdivision.

JSW Dulux highlighted several business developments:

• Product Innovation: Two new propositions were launched in waterproofing, including Upgraded Dulux Aquatech Waterproof Basecoat and Dulux Aquatech Damp Cure, aimed at meeting consumer demand for simplified solutions.
• New Product Line: The company introduced Sadolin Hydro PU, a water-based polyurethane wood coating designed for high-performance home interiors, noted for its low VOC and fast drying formulation.

Management Commentary​

Rajiv Rajgopal, Joint Managing Director and CEO of JSW Dulux Ltd., provided commentary on the Q1 performance, noting that the quarter "started on a strong note" with progress made against strategic priorities. He mentioned achieving double-digit volume and value growth across all businesses.

Rajagopal stated that in Decorative Paints, there was strong growth in Retail and Projects, while Industrial Paints saw new order wins across energy and infrastructure sectors. He further added that the company took calibrated price increases to partially offset raw material inflation and achieved EBITDA growth of 14.7% through prudent cost management.

Parth Jindal, Chairman of JSW Dulux Ltd., commented on the stock split proposal, stating that it "underscores our commitment to making share ownership more accessible to a wider investor community" and is expected to enhance liquidity.

JSWDULUX Stock Price Movement​

JSW Dulux Limited shares closed higher today, gaining 3.10% to settle at ₹3157 in post-market trading. The stock saw a total traded volume of 62,678 shares during the session.