| Revenue growth | 21.3% comparable; ₹961.9 Cr |
|---|---|
| Margins | GM 36.8% vs 41.7%; EBITDA 11.5% vs 13.4% |
| Order book | Strong B2B wins: Infra, Power, Coil, Auto OEM |
| Demand visibility | Strong B2C traction leading into festive season |
Growth
Revenue +21.3% comparable; volume +22%. PAT +2.0% comparable, limited by lower investment income.
Outlook
No explicit numeric revenue or profit guidance given. Concluding remarks are qualitative only.
Risks
Gross margin fell to 36.8% from 41.7% on RM inflation. B2C promotion spends rising; B2B business mix diluting margins.
Last quarter's promises, checked
Delivered
- Guided double-digit volume growth → volume +22% (= BEAT)
- Guided Q2 growth in 'similar band' to Q1 (18.8% like-to-like) → revenue +21.3% comparable (= BEAT)
Partly delivered
- Guided pricing to navigate RM inflation → price hikes only partly offset it; GM 36.8% vs 41.7% LY (= PARTIAL)
Missed
- Guided EBITDA margin 13%–15% → 11.5% (= MISS)
- Guided underlying GM ~39.5%–40% with August recovery → reported GM 36.8% vs Q1 37.4% (= MISS)
Investor Presentation filed with NSE, NSE: JSWDULUX. Summary written with AI assistance from the document.
JSW Dulux Ltd: key numbers
- Share price
- ₹263.00
- Market cap
- ₹12,045 Cr
- Revenue (annual)
- ₹3,599 Cr
- Net profit (annual)
- ₹1,974 Cr
- P/E (TTM)
- 6.1×Sector 43.1×
- Promoter holding
- 61.20%+0.00% QoQ
- FII holding
- 8.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from JSW Dulux Ltd
All →JSW Dulux Management Change
JSW Dulux's board appointed Bahram Navroz Vakil as Independent Director for three years from 4 November 2026, subject to shareholder approval. Unaudited half-year results were approved.
- Execution
- 3 years (4 November 2026 to 3 November 2029)
JSW Dulux Q2 FY27 Results: Net Profit ₹71.4 Cr, Down 95.8% YoY
JSW Dulux Ltd reported revenue from operations of ₹961.9 Cr (+16.2% YoY) and net profit of ₹71.4 Cr (-95.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹71.4 Cr · -95.8% YoY
JSW Dulux Capital Structure Change
HDFC Mutual Fund schemes raised their JSW Dulux stake to 8.06% via open market buying. The stake rose 2.21% as of October 30, 2026.
JSW Dulux Legal & Regulatory
JSW Dulux received a GST demand order for Rs. 42.04 Crore from Karnataka authorities. The company is evaluating the order for further submissions.
- Value
- ₹42.04 Cr
- From
- Karnataka GST Department
JSW Dulux Other Announcement
Routine quarterly shareholding pattern filing as per SEBI regulations, detailing promoter and public shareholding as of September 30, 2026.
JSW Dulux Board Meeting Date
JSW Dulux Limited has scheduled a board meeting on 4th November 2026 to consider and approve its standalone and consolidated financial results.