Paints and coatings maker JSW Dulux Ltd on Wednesday reported a 9.2% decline in consolidated net profit to ₹88.8 crore for the September quarter.
The company, formerly known as Akzo Nobel India Ltd, had posted a net profit of ₹97.8 crore in the corresponding July-September quarter a year ago, according to a regulatory filing.
Its revenue from operations stood at ₹961.9 crore in the September quarter of FY27, up 16.2% year-on-year. It was at ₹827.6 crore in the corresponding quarter a year ago.
The company also reported a strong volume growth of 21% in Q2 FY27, JSW Dulux said in its earnings statement.
Its total expenses increased 18.7% to ₹875.5 crore in the quarter under review.
JSW Dulux’s total income in the September quarter stood at ₹964.3 crore, up 15.44% YoY.
In the first half (H1) of FY27, JSW Dulux’s total consolidated income jumped 6.4% to ₹1,954.9 crore.
Commenting on the results, Joint Managing Director and CEO Rajiv Rajgopal said, “We delivered consecutive quarters of double-digit volume and value growth, reflecting steady progress on our strategic priorities. We continued to make steady market share gains across our businesses.”
In Decorative Paints, all categories witnessed strong traction leading up to the festive season. Industrial Paints performance was aided by strong demand in infrastructure and energy sectors.
“We saw gains in the automotive space with customer wins and entry into new verticals. While raw material inflation remains elevated, we have undertaken calibrated price increases to partly offset margin dilution,” he said.
Despite these headwinds, comparable Ebitda grew 4.4% through a prudent balance between cost management and growth initiatives.
“However, as geopolitical disturbances continue to affect raw material inflation, we will keep evaluating the situation and implementing calibrated price increases,” he said.
In December 2025, JSW Paints, a part of the 23 billion JSW Group, acquired a 60.76% stake in Akzo Nobel India pursuant to the Share Purchase Agreement between JSW Paints Ltd and Imperial Chemicals Industries Ltd, and Akzo Nobel Coatings International BV.
After the acquisition, JSW Paints has become the Promoter and Holding Company of Akzo Nobel India.
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