JSW Dulux approves Q1 FY27 results, recommends 1:10 stock split
JSW Dulux reported Q1 FY27 revenue of ₹965.0 crore, a 2.8% decline YoY on a reported standalone basis. PAT increased by 48.8% to ₹135.5 crore. The Board approved a 1:10 stock split, subject to shareholder approval. New product launches include Dulux Aquatech upgrades and Sadolin Hydro PU.
The stock split and new product launches are positive developments, but the decline in reported revenue and EBITDA warrants a medium impact assessment.
The company reported a significant increase in PAT on a comparable basis and approved a stock split, which is generally viewed positively by investors.
JSW Dulux Limited (formerly Akzo Nobel India Limited) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a Board Meeting held on August 11, 2026.
The company reported a revenue from operations of ₹965.0 crore for Q1 FY2026-27, marking a 2.8% decline from ₹993.1 crore in the previous year's comparable standalone results. However, on a comparable standalone basis for the retained business, revenue grew by 18.8% to ₹965.0 crore from ₹812.0 crore, with a 25% volume growth. EBITDA from operations stood at ₹115.1 crore, a 14.4% decrease from ₹134.5 crore on a reported standalone basis, but a 14.7% increase from ₹100.4 crore on a comparable standalone basis.
Profit After Tax (PAT) on a reported standalone basis was ₹135.5 crore, an increase of 48.8% from ₹91.1 crore. On a comparable standalone basis, PAT surged by 101.6% to ₹135.5 crore from ₹67.2 crore.
In a significant corporate action, the Board of Directors approved the sub-division of existing equity shares of face value ₹10 each into 10 equity shares of face value ₹1 each. This proposal is subject to shareholder approval through postal ballot and necessary regulatory approvals.
Parth Jindal, Chairman, JSW Dulux Ltd., stated that the stock split aims to make share ownership more accessible and enhance liquidity. The company also launched two new product propositions in the decorative paints segment: Upgraded Dulux Aquatech Waterproof Basecoat and Dulux Aquatech Damp Cure, along with Sadolin Hydro PU, a water-based polyurethane wood coating.
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JSW Dulux Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Dulux Limited. Read the original for the full detail.