Q2 FY27 revenue rises 21.3%, but gross margin narrows

Management guided margin pressureOrder pipeline disclosedInvestor Communications View source PDF Explain this filing

JSWDULUX · price

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Price reactionminutes from the announcement price · days from the prior close

+5.1%Reaction day

₹263.00

prior close

₹268.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Paints peers, median of 8sector+4.1%+1.0% vs sector

On the reaction day the stock moved 1.0 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.4

10m

+3.9

15m

+4.3

30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.1pendingpending+4.1+1.0

Next day

+3.7pendingpending+1.7+2.0

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15d

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UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standalone Q2 FY27 revenue was Rs 961.9 crore, up 21.3%, with volume up 22%. Gross margin declined to 36.8% from 41.7% as raw material inflation and business mix offset price increases. Profit after tax rose 2.0% to Rs 71.2 crore. Management reported strong order wins in infrastructure, power, coil and auto makers, and Rs 7.3 crore of Project Akshaya benefits. JSW Paints aims to expand capacity from 4.5 million tonnes a year to 16 million by FY32.

Likely market impact

Strong volumes and orders support revenue, but margin compression may limit near-term earnings. The FY32 capacity target supports long-term growth.