JSW Dulux Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JSWDULUX · price
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JSW Dulux Limited (formerly Akzo Nobel India) reported FY2026 standalone revenue of Rs. 35,992 mn, down ~12% from Rs. 40,693 mn in the prior year, largely due to the slump sale of its Powder Coatings and International Research Center divisions in Q2 FY26. Despite the revenue decline, net profit surged to Rs. 19,177 mn from Rs. 4,286 mn, driven by Rs. 18,463 mn in exceptional items — primarily a Rs. 18,925 mn profit from the slump sale. The company also recognised Rs. 316 mn as an exceptional charge for new Labour Codes. Total dividend for FY26 is Rs. 206 per share (Rs. 156 special interim already paid + Rs. 50 final proposed). JSW Paints acquired a 61.2% stake in December 2025, becoming the new promoter. Statutory auditors are changing from PwC to Deloitte. The audit opinion was unqualified (unmodified).
The exceptional items inflate FY26 profits significantly, masking underlying operating performance. Revenue decline reflects the divested businesses and makes year-on-year comparisons unreliable. The change of control to JSW and auditor rotation are key corporate governance events.