JSW Dulux Ltd Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Cr

Consolidate Annual Results

Mar'26

Mar'25

Mar'24

Mar'23

Mar'22

Mar'21

Mar'20

Net Sales

3,599.20

4,069.30

3,961.60

3,802.10

3,148.60

2,421.40

2,661.81

Other Operating Income

0.00

Total Operating income

3,599.20

4,069.30

3,961.60

3,802.10

3,148.60

2,421.40

2,661.81

Raw Material Cost

1,868.20

2,162.50

2,009.30

2,081.20

1,774.70

1,166.20

1,200.90

Purchase of Finished goods

183.40

211.90

208.30

201.60

193.90

173.70

267.50

(Increase) / Decrease In Stocks

57.20

-56.40

5.20

7.30

-90.20

-17.20

-25.88

Employee Cost

313.00

337.40

328.10

301.10

264.00

251.80

255.75

Power Cost

0.00

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

668.90

772.40

778.70

685.80

573.70

506.10

584.37

Total Expenditure (Excl Depreciation)

3,090.70

3,427.80

3,329.60

3,277.00

2,716.10

2,080.60

2,282.64

Operating Profit (PBDIT) excl Other Income

508.50

641.50

632.00

525.10

432.50

340.80

379.17

Other Income

98.50

27.60

35.80

27.40

22.70

23.20

37.62

Operating Profit (PBDIT)

607.00

669.10

667.80

552.50

455.20

364.00

416.79

Interest

12.10

9.80

12.50

14.10

14.50

10.30

9.34

Exceptional Items

1,845.90

0.00

2.00

0.00

-5.23

Gross Profit (PBDT)

2,440.80

659.30

655.30

538.40

442.70

353.70

402.22

Depreciation

75.30

89.40

82.30

82.50

75.90

75.50

79.01

Profit Before Tax

2,365.50

569.90

573.00

455.90

366.80

278.20

323.21

Tax

391.70

140.40

146.40

120.80

76.70

70.60

85.75

Provisions and contingencies

0.00

Profit After Tax

1,973.80

429.50

426.60

335.10

290.10

207.60

237.46

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,973.80

429.50

426.60

335.10

290.10

207.60

237.46

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

1,973.80

429.50

426.60

335.10

290.10

207.60

237.46

Equity Capital

45.50

45.54

Face Value

10.0

Reserves

2,406.10

1,284.70

1,284.40

1,270.80

1,214.00

1,242.80

1,192.47

Earnings per share (EPS)

433.8

94.4

93.76

73.65

63.76

45.63

52.14

Diluted Earnings per share

433.42

94.31

93.68

73.58

63.7

45.6

52.13

Operating Profit Margin (Excl OI)

14.13%

15.76%

15.95%

13.81%

13.74%

14.07%

14.24%

Gross Profit Margin

67.82%

16.2%

16.54%

14.16%

14.06%

14.61%

15.11%

PAT Margin

54.84%

10.55%

10.77%

8.81%

9.21%

8.57%

8.92%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Mar 2026 is -11.55% vs 2.72% in Mar 2025

Consolidate Net Profit

YoY Growth in year ended Mar 2026 is 359.56% vs 0.68% in Mar 2025

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Mar 2026 is -20.73% vs 1.50% in Mar 2025

Interest

YoY Growth in year ended Mar 2026 is 23.47% vs -21.60% in Mar 2025

Operating Profit Margin (Excl OI)

YoY Growth in year ended Mar 2026 has fallen from Mar 2025

Compare Annual Results Of JSW Dulux With

Select Peers

Figures in Cr

Consolidate Annual Results

Change(INR)

Change(%)

Net Sales

3,599.20

8,051.91

-4,452.71

-55.30%

Other Operating Income

0.00

Total Operating income

3,599.20

8,051.91

-4,452.71

-55.30%

Raw Material Cost

1,868.20

4,581.64

-2,713.44

-59.22%

Purchase of Finished goods

183.40

508.24

-324.84

-63.91%

(Increase) / Decrease In Stocks

57.20

106.72

-49.52

-46.40%

Employee Cost

313.00

542.14

-229.14

-42.27%

Power Cost

0.00

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

668.90

1,338.57

-669.67

-50.03%

Total Expenditure (Excl Depreciation)

3,090.70

7,077.31

-3,986.61

-56.33%

Operating Profit (PBDIT) excl Other Income

508.50

974.60

-466.10

-47.82%

Other Income

98.50

145.94

-47.44

-32.51%

Operating Profit (PBDIT)

607.00

1,120.54

-513.54

-45.83%

Interest

12.10

32.29

-20.19

-62.53%

Exceptional Items

1,845.90

-63.15

1,909.05

3,023.04%

Gross Profit (PBDT)

2,440.80

1,025.10

1,415.70

138.10%

Depreciation

75.30

228.12

-152.82

-66.99%

Profit Before Tax

2,365.50

796.98

1,568.52

196.81%

Tax

391.70

221.14

170.56

77.13%

Provisions and contingencies

0.00

Profit After Tax

1,973.80

575.84

1,397.96

242.77%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

1,973.80

575.84

1,397.96

242.77%

Share in Profit of Associates

0.00

Minority Interest

0.00

13.63

-13.63

-100.00%

Other related items

0.00

Consolidated Net Profit

1,973.80

589.47

1,384.33

234.84%

Equity Capital

45.50

80.87

-35.37

-43.74%

Face Value

10.00

1.00

0.00

Reserves

2,406.10

6,632.91

-4,226.81

-63.72%

Earnings per share (EPS)

433.80

7.29

426.51

5,850.62%

Diluted Earnings per share

433.42

7.93

425.49

5,365.57%

Operating Profit Margin (Excl OI)

14.13%

12.10%

0.00

2.03%

Gross Profit Margin

67.82%

12.73%

0.00

55.09%

PAT Margin

54.84%

7.15%

0.00

47.69%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Annual - Net Sales

Net Sales 3,599.20 Cr

in Mar 2026

Figures in Cr

YoY Growth in year ended Mar 2026 is -11.55% vs 2.72% in Mar 2025

Annual - Consolidate Net Profit

Consolidate Net Profit 1,973.80 Cr

in Mar 2026

Figures in Cr

YoY Growth in year ended Mar 2026 is 359.56% vs 0.68% in Mar 2025

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 508.50 Cr

in Mar 2026

Figures in Cr

YoY Growth in year ended Mar 2026 is -20.73% vs 1.50% in Mar 2025

Annual - Interest

Interest 12.10 Cr

in Mar 2026

Figures in Cr

YoY Growth in year ended Mar 2026 is 23.47% vs -21.60% in Mar 2025

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 14.13%

in Mar 2026

Figures in %

YoY Growth in year ended Mar 2026 has fallen from Mar 2025