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JSW Dulux Q1 FY27 Results Profit Falls 12% as Raw Material Costs Stay High

  • by- Zaid
  • Aug 12, 2026
JSW Dulux reports ₹79.70 crore net profit in Q1 FY27, down 12.4%, while EBITDA rises 14.7% amid raw material inflation and price increases.
JSW Dulux Q1 FY27 Results Profit Falls 12% as Raw Material Costs Stay High

New Delhi | August 12, 2026: Paint prices, construction costs and renovation budgets could remain under pressure as raw material inflation continues to challenge the paints industry. JSW Dulux, formerly known as Akzo Nobel India, reported a 12.4% year-on-year decline in net profit to ₹79.70 crore for Q1 FY27.

However, the quarter also brought a positive signal for the company. Its EBITDA increased 14.7%, showing that cost management and pricing measures helped offset some of the pressure from higher input costs.


JSW Dulux Profit Falls to ₹79.70 Crore

JSW Dulux reported consolidated net profit of ₹79.70 crore for the quarter ended June 30, 2026, compared with ₹91 crore in Q1 FY26.

The company's consolidated total income stood at ₹990.60 crore, down 1.1% from ₹1,002.10 crore recorded in the corresponding quarter last year.

The decline in profit comes as the company continues to deal with higher raw material costs.


EBITDA Jumps 14.7% Despite Inflation

While the bottom line declined, the company's operating performance improved.

JSW Dulux's EBITDA rose 14.7% year-on-year during the quarter. The company attributed the improvement to cost-management initiatives while continuing to invest in its growth plans.

The company also implemented calibrated price increases to partly offset the impact of raw material inflation.

 


What Does This Mean for Homeowners

For homeowners, the development is important beyond the company's financial results.

Paints are a significant part of the budget when constructing a new home or renovating an existing property. If raw material costs remain elevated and manufacturers continue to raise prices, renovation and finishing expenses could also come under pressure.

Homeowners planning painting or renovation work may therefore want to factor potential material price changes into their budgets.


Why JSW Dulux Is Raising Prices

Rajiv Rajgopal, Joint Managing Director and CEO of JSW Dulux, said the company took calibrated price increases to partly offset raw material inflation.

At the same time, the company continued to focus on working capital efficiency and cost management.

This approach highlights the challenge facing paint manufacturers — absorbing higher costs can hurt margins, while passing them on to customers can affect demand.

 


10-for-1 Stock Split Approved

The board has also approved a 10-for-1 stock split.

Under the proposal, each existing fully paid-up equity share with a face value of ₹10 will be subdivided into 10 equity shares with a face value of ₹1 each.

The stock split changes the number and face value of shares but does not, by itself, change the total value of an investor's holding.


What to Watch Next

The company's performance in the coming quarters will depend on how raw material prices behave, whether price increases can be sustained without hurting demand and whether the improvement in operating margins continues.

For the real estate sector, the trend is worth watching because paint and finishing materials form an important part of both new construction and home renovation costs.

JSW Dulux's Q1 performance therefore presents a mixed picture: profit declined, but stronger EBITDA and cost control provide some cushion against inflationary pressure.