JSW Dulux Q1 FY27: PAT Jumps 101.7% to ₹135.5 Cr on Strong Revenue Growth
JSW Dulux reported a 101.7% jump in Q1 FY27 PAT to ₹135.5 crore on 18.8% revenue growth to ₹965.0 crore. The company is strengthening its Dulux brand and expanding its product portfolio. Key initiatives include new product launches and Project Akshaya for operational efficiencies. Consolidated PAT was ₹79.7 crore.
A substantial year-on-year PAT growth and revenue increase are material financial events that would significantly impact investor perception and the company's stock performance.
The company reported a significant increase in PAT and revenue for the quarter, indicating strong operational performance and strategic execution.
JSW Dulux Limited (formerly Akzo Nobel India Limited) has announced its investor presentation following the unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results on August 11, 2026.
For the first quarter of FY27, the company reported a significant 101.7% year-on-year increase in Profit After Tax (PAT), reaching ₹135.5 crore, compared to ₹67.2 crore in Q1 FY26. This surge was driven by a 18.8% growth in Net Revenue, which stood at ₹965.0 crore, up from ₹812.0 crore in the previous year's comparable quarter.
Gross Margin saw a slight increase of 2.0% to ₹360.8 crore, though the Gross Margin percentage decreased to 37.4% from 43.5% in Q1 FY26, primarily due to elevated raw material prices and staggered price increases. EBITDA grew by 14.7% to ₹115.1 crore. The company's PAT of ₹135.5 crore includes dividend income of ₹55.9 crore from ICI India Research and Technology Centre Private Limited and interest on IT refund of ₹21.5 crore.
On a consolidated basis, Net Revenue for Q1 FY27 was ₹965.0 crore, a decrease of 2.8% compared to ₹993.1 crore in Q1 FY26. Consolidated PAT stood at ₹79.7 crore, down from ₹91.0 crore in the prior year's quarter, with an 8.3% PAT as a percentage of Net Revenue.
The company highlighted its strategic priorities, including strengthening the Dulux brand equity, driving innovation, expanding distribution, and focusing on projects. Initiatives like the 'Dulux Assurance' media campaign, launch of new product finishes, and entry into water-based PU segments were key growth drivers. The company also realized benefits of ₹2.4 crore from 'Project Akshaya' in Q1 FY27, aimed at unlocking synergies through operational efficiencies.
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