# JSWDULUX (JSWDULUX) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jswdulux

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,201
- Change: +4.13%
- As of: 2026-09-18
- 1D return: +3.73%
- 5D return: +0.29%
- 1M return: +3.33%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, JSWDULUX is exhibiting a mixed technical stance, with short-term indicators suggesting caution despite a longer-term bullish trend. Daily analysis shows the price is above its 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), indicating some underlying strength. However, the Supertrend indicator on the daily timeframe is bearish, suggesting downward pressure. On the weekly chart, the price is above its 20-week EMA, 20-week SMA, and the weekly Supertrend indicator is bullish, aligning with a potentially stronger longer-term uptrend. The monthly timeframe does not provide specific trend indicators beyond the closing price. Recent anomalies include a "wide intraday range" on September 18, 2026, with an "EXTREME" severity, and a "high participation no clear direction" event on September 15, 2026, suggesting increased volatility and indecision.

The nearest support level is observed at ₹3187.5, which is very close to the current price of ₹3188.8. Further support can be found at ₹3136.6. On the resistance side, the nearest level is ₹3235.2, approximately 1.46% above the current price. The stock's annualized volatility stands at 27%, with a current drawdown of -3% and a maximum drawdown of -12% observed historically. The Average True Range (ATR) as a percentage of the price is 2.49%, indicating the typical price fluctuation range.

Key watch conditions include monitoring the price action around the ₹3187.5 support level. A break below this could signal further downside. Conversely, a sustained move above the nearest resistance at ₹3235.2, especially with increased volume, could indicate a strengthening of the bullish sentiment. The presence of a "Doji" pattern on the weekly chart and a "Morning Star" pattern on the daily chart on September 18, 2026, suggest potential for a trend reversal or continuation, warranting close observation of subsequent price action.

- The stock closed at ₹3188.8 on September 18, 2026.
- Nearest support is ₹3187.5, with further support at ₹3136.6.
- Nearest resistance is ₹3235.2, approximately 1.46% above the current price.
- Daily Supertrend is bearish, while weekly Supertrend is bullish.
- Recent "EXTREME" severity anomaly on September 18, 2026, indicates significant intraday volatility.

- Doji
- Morning Star
- Inside Bar
- Evening Star
- Outside Bar
- Shooting Star

### What Changed

As of September 18, 2026, JSW Dulux has experienced a price increase from ₹3,074.0 to ₹3,188.8. The company, listed on the NSE, continues its operations under the common name JSW Dulux. No new filings or news developments were reported as of the observation date.

- On 2026-09-18, the stock price for JSW Dulux was ₹3,188.8, an increase from the previous price of ₹3,074.0.
- JSW Dulux is listed on the NSE.
- No new filings or news were reported for JSW Dulux as of 2026-09-18.

### Official Filings

JSW Dulux Limited has disclosed several recent developments concerning tax-related notices and a resolution of past litigation. On September 14, 2026, the company received a Show Cause Notice from the Karnataka GST Department proposing a total liability of ₹10,60,96,432, including tax, interest, and penalty, related to Input Tax Credit disallowance for April 2022 to March 2023. This follows a notice received on September 1, 2026, from the Gujarat GST Department regarding a proposed ₹9,294 liability for Input Tax Credit disallowance between April 2020 and March 2022. Additionally, on August 26, 2026, the company was notified by the Madhya Pradesh GST Department of a Show Cause Notice concerning short payment of taxes and Input Tax Credit disallowance for periods between April 2020 and March 2023, with a total proposed amount of ₹84,75,163. A separate notice from the Telangana GST Department on August 25, 2026, also cited an Input Tax Credit disallowance for April 2022 to March 2023, aggregating ₹84,75,163. In contrast, on September 7, 2026, the company received a Refund Order from the Karnataka GST Department, resolving prior litigation concerning an E-Way Bill discrepancy for FY 2024-25. This order waived a penalty of ₹9,89,064 and ordered a total refund of ₹10,81,413. The company is preparing responses to the outstanding notices within the stipulated timeframes. In other news, JSW Dulux Limited announced on August 21, 2026, a postal ballot process, open from August 22, 2026, to September 20, 2026, seeking shareholder approval for a share sub-division and amendments to the Memorandum and Articles of Association. The company also disclosed the resignation of Mr. Rohit Ghanshyamdas Totla as Executive Director, effective November 17, 2026. A meeting with Jefferies is scheduled for September 18, 2026, at the Jefferies 5th India Forum.

- On September 14, 2026, JSW Dulux Limited received a Show Cause Notice from the Karnataka GST Department proposing a liability of ₹10,60,96,432 for Input Tax Credit disallowance (April 2022 – March 2023).
- On September 7, 2026, the company received a Refund Order from the Karnataka GST Department, resolving litigation with a total refund of ₹10,81,413.
- On August 26, 2026, the company was issued a Show Cause Notice by the Madhya Pradesh GST Department for short payment of taxes and Input Tax Credit disallowance, totaling ₹84,75,163.
- On August 25, 2026, JSW Dulux Limited received an order from the Telangana GST Department disallowing Input Tax Credit for ₹84,75,163 (April 2022 – March 2023).
- On August 21, 2026, the company announced a postal ballot to seek shareholder approval for share sub-division and amendments to constitutional documents, with voting closing September 20, 2026.
- Mr. Rohit Ghanshyamdas Totla resigned as Executive Director, effective November 17, 2026.

- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW Dulux Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- JSW DULUX LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW Dulux Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- JSW Dulux Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- JSW Dulux Limited has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot |SUBJECT: Notice Of Shareholders Meetings-XBRL

### Fundamentals

JSW Dulux reported revenue from operations of ₹965.02 crore in Q1 FY2026-27. This represents a sequential increase from ₹883.27 crore in Q4 FY2025-26, but a decrease from ₹907.72 crore in Q3 FY2025-26. Profit Before Tax (PBT) for Q1 FY2026-27 stood at ₹117.66 crore. This is lower than the ₹169.70 crore reported in Q4 FY2025-26, but higher than the ₹101.29 crore in Q3 FY2025-26. The company's tax expense for Q1 FY2026-27 was ₹37.94 crore, compared to ₹44 crore in Q4 FY2025-26 and ₹26.99 crore in Q3 FY2025-26. Finance costs remained relatively low, at ₹2.63 crore in Q1 FY2026-27.

- Revenue from operations for Q1 FY2026-27 was ₹965.02 crore.
- Profit Before Tax (PBT) in Q1 FY2026-27 was ₹117.66 crore.
- Tax expense in Q1 FY2026-27 was ₹37.94 crore.
- Finance costs for Q1 FY2026-27 were ₹2.63 crore.

### Bull Case

The company's stock is exhibiting a bullish trend on a weekly basis, as indicated by the Supertrend indicator. While the daily trend shows some mixed signals with the Supertrend indicator in a bearish direction, the Exponential Moving Averages (EMAs) on a daily timeframe show upward momentum, with the 20-day EMA above the 50-day EMA and both exhibiting positive slopes over the last 5 periods. The stock has also shown positive returns over various short-term periods, including a 4% return in the last trading day and a 3% return over the last month. Nearest support levels are observed close to the current trading price, with the nearest support at ₹3187.5, just below the current close of ₹3188.8.

- Weekly Supertrend indicator is bullish as of 2026-09-18.
- Daily 20-day EMA (3134.53) is above the 50-day EMA (3106.81) as of 2026-09-18.
- Daily 20-day EMA slope over 5 periods is positive at 1.79 as of 2026-09-18.
- Daily 50-day EMA slope over 5 periods is positive at 1.9 as of 2026-09-18.
- The stock closed at ₹3188.8 on 2026-09-18, with the nearest support level identified at ₹3187.5.

- What should investors do about Asian Paints?

### Bear Case

The company's technical indicators suggest a cautious outlook. The daily trend analysis shows a bearish Supertrend direction, indicating potential downward pressure. While the 1-day return was positive at 4%, longer-term returns show mixed signals, with a 3-month return of -1%. The company is also experiencing a current drawdown of -3%, with a maximum drawdown of -12% observed historically. This suggests that while there have been periods of recovery, the stock has faced significant downward price movements.

- The daily Supertrend indicator is in a bearish direction as of 2026-09-18.
- The 3-month return was -1% as of 2026-09-18.
- The current drawdown is -3%, with a maximum drawdown of -12% observed.
- The company's annualized volatility stands at 27%.

- What should investors do about Asian Paints?

### FAQs

**What is the company's current financial position regarding tax liabilities?**

JSW Dulux Limited is currently responding to several Show Cause Notices from GST departments. On September 14, 2026, the Karnataka GST Department issued a notice proposing a liability of ₹10,60,96,432 for the period April 2022 to March 2023, related to Input Tax Credit disallowance. Additionally, on September 1, 2026, the Gujarat GST Department issued a notice for Rs. 9,294 regarding Input Tax Credit disallowance for April 2020 to March 2022. A notice received on August 25, 2026, from the Madhya Pradesh GST Department concerns short payment of taxes and Input Tax Credit disallowance totaling Rs. 84,75,163 for periods between April 2020 and March 2023. These notices are being addressed within the stipulated timeframes.

**Has there been any recent resolution of tax disputes?**

Yes, on September 7, 2026, JSW Dulux Limited received a Refund Order from the Karnataka GST Department, resolving litigation initiated by a Demand Order dated December 30, 2024. The Joint Commissioner waived a penalty of Rs. 9,89,064 and ordered a total refund of Rs. 10,81,413, comprising tax and interest, concluding proceedings related to an E-Way Bill discrepancy for the financial year 2024-25.

**What are the recent short-term and year-to-date returns for JSW Dulux?**

As of September 18, 2026, JSW Dulux has shown a 3% return in the last month and a 6% return year-to-date. The return over the last 10 days was 1%.

**What are the key technical support and resistance levels for JSW Dulux?**

The nearest support level identified is ₹3187.5, which is approximately 0.04% below the current price. Key resistance levels are at ₹3235.2 (1.46% higher) and ₹3353.05 (5.15% higher).

**Is the company engaging with investors and analysts?**

JSW Dulux Limited announced participation in a group meeting with Jefferies at the Jefferies 5th India Forum on September 18, 2026, held in Gurgaon. The agenda was general, with no specific financial details disclosed.

- What should investors do about Asian Paints?
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW Dulux Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- JSW DULUX LIMITED has informed the Exchange about Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B) |SUBJECT: Pendency of any litigation(s) or dispute(s)-(Sub-para 8-Para B)
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
- JSW DULUX LIMITED has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL
## Technical analytics

- As of: 2026-09-18
- Daily trend: Moderate Uptrend
- Weekly trend: Transition
- Pivot point: ₹3,073.5
- Risk regime: Price Risk Currently Contained

### Support levels
- 3187.5
- 2975.6
- 2865.3125

### Resistance levels
- 3235.2
- 3353.05

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.73% |
| return_10 | +0.67% |
| return_1m | +2.52% |
| return_20 | +3.33% |
| return_3m | -1.30% |
| return_5 | +0.29% |
| return_since_start | +6.33% |
| return_ytd | +6.33% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | contained_risk |
| label | Price risk currently contained |
| summary | Recent drawdown and price variability remain within the producer's contained-risk thresholds. |
| maximum_drawdown | -12.21% |
| annualized_volatility | +27.32% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue dips 3% and profit before tax falls 4%; higher tax rate deepens net profit decline

JSW Dulux Limited reported revenue from operations of ₹965 crore for the quarter ended 30 June 2026, a 3% decline from the same quarter last year but 9% higher than the preceding March quarter. Profit before tax came in at ₹118 crore, down 3.9% year-on-year. Net profit fell 12.4% to ₹80 crore, as the effective tax rate increased from 25.7% to 32.2%.

## Revenue

Revenue from operations was ₹965.02 crore, compared with ₹995.11 crore in the same quarter last year (‑3.0%) and ₹883.27 crore in the preceding March quarter (+9.3%). Other income contributed ₹25.59 crore, bringing total income for the quarter to ₹990.61 crore. Other income represented 2.6% of total income.

## Profitability

Profit before tax was ₹117.66 crore, down from ₹122.46 crore a year ago and down sharply from ₹169.70 crore in the March quarter. Expressed as a percentage of revenue, the profit before tax margin was 12.2% – broadly stable against 12.3% in the same quarter last year, but well below the 19.2% recorded in the preceding quarter.

Key expense items for the quarter were:

- Cost of materials consumed: ₹635.80 crore (65.9% of revenue)  
- Purchases of stock-in-trade: ₹44.15 crore  
- Changes in inventories of finished goods and work-in-progress: ‑₹75.79 crore (a net reduction in inventory)  
- Employee benefit expense: ₹82.62 crore (8.6% of revenue)  
- Other expenses: ₹163.13 crore (16.9% of revenue)  
- Depreciation and amortisation: ₹20.41 crore  
- Finance costs: ₹2.63 crore  

Other expenses fell 16.0% from ₹194.13 crore in the same quarter last year. However, most expense lines lack the prior-year comparison, so the exact drivers of the year-on-year and sequential margin movements cannot be identified from the reported numbers alone.

Tax expense rose to ₹37.94 crore from ₹31.45 crore a year ago, even though pre‑tax profit declined. The effective tax rate climbed to 32.2% from 25.7% in the prior-year quarter. As a result, net profit after tax was ₹79.72 crore, down 12.4% from ₹91.01 crore a year ago, and down 36.6% from ₹125.71 crore in the March quarter.

## Earnings per share

Basic and diluted earnings per share from continuing operations was ₹17.51, compared with ₹19.98 in the same quarter last year and ₹27.60 in the preceding March quarter. The movement directly reflects the fall in net profit.

## Management Commentary

JSW Dulux delivered a strong Q1 FY2026-27, with management reporting 25% volume growth and double-digit revenue and EBITDA growth on a comparable basis. The company gained market share across both decorative and industrial paints, driven by strong performance in the premium portfolio and new order wins in energy, infrastructure, and automotive sectors. Management noted calibrated price increases to offset raw material inflation, though working capital efficiency temporarily pressured gross margins.

The company's EBITDA grew 14.7% year-on-year, supported by prudent cost management and continued investment in growth initiatives. Additionally, the board approved a 1:10 stock split to improve liquidity and broaden retail investor participation, as stated by Chairman Parth Jindal. Overall, management expressed confidence in the strategic direction, focusing on sustainable value creation.

## Key Takeaway

Revenue edged down 3% year-on-year while the pre‑tax margin held broadly steady, but compared with the March quarter revenue grew 9% while pre‑tax profit fell 31%, pointing to a significant sequential margin contraction. A higher effective tax rate amplified the decline in net profit, which dropped 12% from the year‑earlier period.

### Ratios

## Official filings

- 2026-09-15 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260915_134804428.xml)
- 2026-09-15 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1228_WebXMLFile_20260915_151313790.xml)
- 2026-09-07 — Litigation Disclosure: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1228_WebXMLFile_20260907_121433167.xml)
- 2026-09-01 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260901_192824577.xml)
- 2026-08-26 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260826_101317867.xml)
- 2026-08-25 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260825_094350107.xml)
- 2026-08-21 — Management Change: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWDULUX_ROID_96888_KMP_Doc.zip)
- 2026-08-21 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1228_WebXMLFile_20260821_172200423.xml)
- 2026-08-21 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1228_WebXMLFile_20260821_173656248.xml)
- 2026-08-21 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_1228_WebXMLFile_20260821_190235412.xml)
- 2026-08-19 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260819_173618726.xml)
- 2026-08-18 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1228_WebXMLFile_20260818_125130726.xml)
- 2026-08-14 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1228_WebXMLFile_20260814_163521889.xml)
- 2026-08-14 — Management Change: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWDULUX_ROID_96473_KMP_Doc.zip)
- 2026-08-14 — Management Change: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWDULUX_ROID_96480_KMP_Doc.zip)
- 2026-08-14 — Management Change: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JSWDULUX_ROID_96471_KMP_Doc.zip)
- 2026-08-14 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1228_WebXMLFile_20260814_165637601.xml)
- 2026-08-14 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1228_WebXMLFile_20260814_163559910.xml)
- 2026-08-12 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1228_WebXMLFile_20260812_191020337.xml)
- 2026-08-07 — Generic Announcement: On August 7, 2026, JSW Dulux Limited disclosed receipt of an order from the Tamil Nadu GST Department on August 6, 2026, regarding excess Input Tax Credit (ITC) claimed in Tran-1/2 for April 2017 to March 2018. The order imposes a penalty of Rs. 1,75,699/-, totaling the liability to Rs. 1,75,699/-. The company is preparing a response within the stipulated time. — [Official attachment](https://nsearchives.nseindia.com/corporate/AKZOINDIA_07082026141638_JSWDulux_Reg30_Intimation_TNGST_7Aug2026.pdf)
- 2026-08-06 — Generic Announcement: JSW Dulux Limited will hold a conference call on August 12, 2026, at 3:00 PM IST to discuss its financial results for the quarter ended June 30, 2026. The company was formerly known as Akzo Nobel India Limited. The call will be represented by Mr. Rajiv Rajgopal, Mr. Krishna Rallapalli, and Mr. Rajiv L. Jha. — [Official attachment](https://nsearchives.nseindia.com/corporate/AKZOINDIA_06082026194349_JSWDuluxInvestorCall12Aug26Intimation.pdf)
- 2026-08-06 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1228_WebXMLFile_20260806_193937882.xml)
- 2026-08-06 — Generic Announcement: JSW Dulux Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_1228_WebXMLFile_20260806_110550830.xml)
- 2026-08-05 — Litigation Disclosure: JSW Dulux Limited received a Show Cause Notice from the Delhi GST Department on August 5, 2026, regarding the disallowance of Input Tax Credit for April 2020 to March 2024. The notice claims a total liability of Rs. 52,68,358, comprising Rs. 52,22,104 in tax, Rs. 46,254 in interest, and applicable penalties. The company is preparing a response to the notice. — [Official attachment](https://nsearchives.nseindia.com/corporate/AKZOINDIA_05082026203046_JSWDulux_Reg30_Intimation_DLGST_5Aug2026.pdf)
- 2026-08-05 — Official Filing: JSW Dulux Limited will hold a board meeting on August 11, 2026, to consider unaudited quarterly financial results for the period ended June 2026 and a stock split. The trading window for the company's securities will be closed from July 1, 2026, to August 13, 2026.

## News and market events

- 2026-09-12 — The Hindu: **What should investors do about Asian Paints?** — Investors should hold Asian Paints as it navigates competitive challenges and maintains growth momentum amid demanding valuations. — [Source](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/what-should-investors-do-about-asian-paints/article71456387.ece)
- 2026-09-06 — Economic Times: **Paint makers expect healthy FY27 demand amid price hikes; competition intensity remains high** — Leading paint firms foresee sustained double-digit growth through the festive season. Companies are implementing price increases to manage rising input costs effectively. Demand remains robust from housing and infrastructure sectors, supporting industry projections. Fierce competition persists across all paint market segments. — [Source](https://economictimes.indiatimes.com/industry/cons-products/paints/paint-makers-expect-healthy-fy27-demand-amid-price-hikes-competition-intensity-remains-high/articleshow/133837223.cms)
- 2026-09-06 — MONEYCONTROL: **Asian Paints, Berger Paints see strong festive demand despite rising costs and competition** — Paint industry, Festive demand, Asian Paints, Price hikes, Competition,Asian Paints, Berger Paints JSW Dulux — [Source](https://www.moneycontrol.com/news/business/companies/asian-paints-berger-paints-see-strong-festive-demand-despite-rising-costs-and-competition-14023691.html)
- 2026-09-05 — BUSINESS: **ICRA assigns 'AA-' rating to the credit facilities of JSW Dulux with 'stable' outlook** — JSW Dulux said that the credit rating agency ICRA has assigned 'ICRA AA-' rating to the facilities of the company with 'stable' outlook. — [Source](https://www.business-standard.com/markets/capital-market-news/icra-assigns-aa-rating-to-the-credit-facilities-of-jsw-dulux-with-stable-outlook-126090500539_1.html)
- 2026-08-14 — BUSINESS: **Volumes jump at ICICI Prudential Life Insurance Company Ltd counter** — ICICI Prudential Life Insurance Company Ltd saw volume of 50.02 lakh shares by 10:45 IST on BSE, a 92.41 fold spurt over two-week average daily volume of 54127 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-icici-prudential-life-insurance-company-ltd-counter-126081400800_1.html)
- 2026-08-12 — Economic Times: **JSW Dulux to sustain double-digit volume growth in FY27; festive demand to remain strong: CEO** — JSW Dulux reported strong June quarter volume growth and expects demand to continue. The company targets double-digit volume growth for the remainder of fiscal year twenty twenty-seven. Premium products are driving growth, with the company aiming for market share expansion. Manufacturing synergies are being implemented after the acquisition by JSW Group. Raw material costs remain a focus, with potential calibrated price increases considered. — [Source](https://economictimes.indiatimes.com/industry/cons-products/paints/jsw-dulux-to-sustain-double-digit-volume-growth-in-fy27-festive-demand-to-remain-strong-ceo/articleshow/133187182.cms)
- 2026-08-11 — Economic Times: **JSW Dulux Q1 Results: Profit drops 12% to Rs 79 crore; board approves stock split** — JSW Dulux experienced a profit drop of 12.4 percent during the June quarter, alongside a modest year-on-year dip in revenue. The board has moved forward with a proposed stock split at a ratio of 1:10, pending approvals from shareholders and regulators. Notably, JSW Paints has previously secured a majority stake in Akzo Nobel India, enhancing its market position. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/jsw-dulux-q1-results-profit-drops-12-to-rs-79-crore-board-approves-stock-split/articleshow/133158078.cms)
- 2026-08-11 — CNBC-TV18: **Stocks to Watch for August 12: Auto stocks, Manappuram Finance, NBCC, Larsen & Toubro and more** — From NBCC (India) reporting a 17.2% year-on-year rise in net profit to L&T entering into agreements with its wholly owned subsidiary Vyoma.AI; these are stocks to track ahead of Wednesday trading session. Investors will also keep an eye on Grasim Industries, Astral and Gujarat Fluorochemicals, which are scheduled to announce their Q1 FY27 results tomorrow, August 12. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-12-auto-stocks-manappuram-finance-nbcc-larsen-toubro-and-more-19966808.htm)
- 2026-08-11 — CNBC-TV18: **Q1 Results LIVE Updates: RHI Magnesita profit up 83%, Manappuram Finance NII up 28%** — Q1 Results LIVE Updates: MRF, Ashoka Building, Zydus Life, Bata India, Gokaldas Exports, Balrampur Chini, DAM Capital, EPack Durable, Delta Corp, Finolex Cables, JSW Paints, KPI Green, Landmark Cars, Manappuram Finance, Laxmi Dental, NBCC, RVNL, Senco Gold, Siemens Ltd, TD Power Systems, Venky's, are among the companies reporting their results today. Earnings reactions will come from Vodafone Idea, Bosch, Zee Entertainment, Gland Pharma, among other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-vodafone-idea-bosch-mrf-bata-manappuram-nbcc-rvnl-zydus-life-zee-gland-ideaforge-share-price-liveblog-19966154.htm)
- 2026-08-11 — CNBC-TV18: **JSW Dulux Q1 net profit falls 12% as gross margin takes a hit; approves 1:10 stock split** — Shares of JSW Dulux Ltd ended at ₹3,150.00, up by ₹93.50, or 3.06%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/jsw-dulux-share-price-q1-net-profit-falls-12-as-gross-margin-takes-a-hit-approves-110-stock-split-19966784.htm)

## Business profile

**Strategic vision:** Indian paints and coatings company providing protection and color solutions.

### Business segments
- **Decorative Paints:** This segment includes interior paints and innovative offerings. The Dulux brand is central to the company's strategy in this segment.
- **Performance Paints:** This category encompasses automotive and specialty coatings, marine and protective coatings, and industrial coatings for various applications.

### Competitive strengths
- Benefit from Akzo Nobel's global technology, patents, and research through a licensing agreement.
- Network of over 25,000 retailers across India.
- Five state-of-the-art manufacturing facilities.

## Related stocks

- [360ONE (Financial Services)](https://faxioms.com/stocks/360one) — +1.96%
- [3MINDIA (Diversified)](https://faxioms.com/stocks/3mindia) — +5.50%
- [AADHARHFC](https://faxioms.com/stocks/aadharhfc) — -1.42%
- [AARTIIND](https://faxioms.com/stocks/aartiind) — +3.19%
- [AAVAS](https://faxioms.com/stocks/aavas) — -1.07%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jswdulux
Markdown representation: https://faxioms.com/stocks/jswdulux?render=md