Q3 FY26 results: JSW becomes promoter, revenue dips on Powder Coatings divestment

Revenue declinedEBITDA margin compressionExceptional itemResults View source PDF Explain this filing

JSWDULUX · price

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

+0.4%Reaction day

₹2844.80

prior close

₹2859.90

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+2.9%-2.5% vs market

Paints peers, median of 8sector+0.8%-0.4% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Smallcap 250 and 0.4 pts less 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

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10m

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15m

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30m

-1.3

Sessions after the filingfrom the prior close

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Reaction day

+0.4+2.9-2.5+0.8-0.4

Next day

+1.6+3.7-2.1+0.9+0.8

-0.6+2.7-3.3+0.2-0.8

+2.9+2.3+0.6+0.2+2.7

+3.4+4.9-1.5+0.6+2.8

+5.9+5.4+0.4-0.6+6.5

+5.3+4.8+0.5-2.6+7.8

15d

+9.3+2.7+6.6-7.8+17.1

+0.2-1.7+1.9-11.6+11.9

+4.8-4.0+8.8-15.1+19.9

+3.6+9.0-5.3-8.1+11.7

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

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

AI summary

Akzo Nobel India (maker of Dulux paints) reported Q3 FY26 revenue of Rs 907.7 crore, down 13.6% year-on-year, mainly due to the slump sale of its Powder Coatings and International Research Center businesses in Q2 FY26. Excluding the divested business, revenue declined only 1% and volume grew 5.9%. Q3 profit after tax excluding exceptional items rose 5.9% to Rs 94.6 crore. For 9 months, PAT excluding exceptional items fell 19.5% to Rs 258.5 crore. Exceptional items of Rs 1,846.3 crore (pre-tax) were booked in 9M from the slump sale. On Dec 10, 2025, JSW Paints acquired 61.2% stake, becoming the new promoter. Parth Jindal joined as Chairman. Company name change to JSW Dulux Limited proposed.

Likely market impact

JSW takeover complete with new leadership and brand rename planned. Headline numbers distorted by divestment; underlying business grew volumes and held margins.