JSW Dulux quarterly results and financials

JSW Dulux (JSWDULUX)₹279.20−1.27%(9 Nov 2026 close)Paints

Key facts

In the Jun 2026 quarter (consolidated), JSW Dulux reported sales of ₹965 Cr, down 3.0% from Jun 2025, and net profit of ₹80.08 Cr, down 12.1% year on year. For the year to Mar 2026, sales were ₹3,605 Cr and net profit ₹1,978 Cr.

Sales (Jun 2026): ₹965 Cr
Net profit (Jun 2026): ₹80.08 Cr
Sales (FY Mar 2026): ₹3,605 Cr
Net profit (FY Mar 2026): ₹1,978 Cr
EPS (Jun 2026): ₹17.55
Borrowings (Mar 2026): ₹79.15 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

JSW Dulux quarterly results

₹ crore unless stated; each column is a quarter.

JSW Dulux Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	956	1,033	973	1,037	982	1,051	1,014	995	836	895	884	965
Expenses	815	868	814	868	837	885	856	863	725	759	757	851
Operating Profit	142	166	162	169	146	167	159	134	111	136	127	115
OPM %	15.0%	16.0%	17.0%	16.0%	15.0%	16.0%	16.0%	14.0%	13.0%	15.0%	14.0%	12.0%
Other Income	8.98	7.97	9.97	9.97	8.98	5.99	2.99	8.98	1,878	−13.97	66.87	25.92
Interest	2.99	2.99	2.99	1.99	1.99	2.99	1.99	2.99	1.99	2.99	3.99	2.99
Depreciation	20.98	20.01	21.99	21.97	22.01	22.99	21.99	17.99	18.01	18.99	19.99	19.98
Profit before tax	127	151	146	153	132	146	137	122	1,967	101	169	118
Tax %	26.0%	25.0%	26.0%	26.0%	26.0%	26.0%	21.0%	26.0%	15.0%	27.0%	26.0%	32.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,594	−20.91	0.00	0.00
Net Profit	94.22	114	109	115	98.15	109	108	91.10	1,686	74.18	126	80.08
EPS (Rs)	20.73	25.08	23.95	25.23	21.57	23.92	23.85	20.04	370.38	16.36	27.67	17.55

JSW Dulux profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

JSW Dulux Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,640	2,576	2,719	2,920	2,663	2,422	3,151	3,807	3,962	4,070	3,605	3,580
Expenses	2,384	2,249	2,426	2,579	2,293	2,083	2,717	3,284	3,336	3,432	3,095	3,092
Operating Profit	260	329	299	342	370	343	434	526	633	642	509	489
OPM %	10.0%	13.0%	11.0%	12.0%	14.0%	14.0%	14.0%	14.0%	16.0%	16.0%	14.0%	13.7%
Other Income	110	64.80	239	42.90	40.91	20.94	22.94	25.94	34.91	26.95	1,940	1,956
Interest	1.99	2.99	3.99	3.99	8.98	9.98	13.96	13.96	11.97	9.97	11.97	11.96
Depreciation	53.98	53.98	58.01	64.96	78.96	75.93	75.91	81.99	81.99	88.95	74.99	76.97
Profit before tax	313	336	477	315	322	277	366	454	571	568	2,358	2,354
Tax %	32.0%	27.0%	16.0%	33.0%	27.0%	25.0%	21.0%	26.0%	26.0%	25.0%	17.0%	—
Exceptional items	29.91	31.86	16.93	16.94	0.00	−1.99	0.99	−0.99	−0.99	0.00	1,606	1,573
Net Profit	214	247	401	211	237	208	291	335	428	431	1,978	1,966
EPS (Rs)	46.06	53.07	85.93	46.43	52.26	45.71	63.92	73.77	94.00	94.50	434.54	431.96
Dividend payout %	153.1%	42.1%	26.1%	52.1%	27.0%	110.1%	118.1%	88.1%	80.0%	106.1%	47.1%	—

JSW Dulux balance sheet

₹ crore, at each year end.

JSW Dulux Balance sheet
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	46.93	46.93	46.93	45.92	45.92	45.90	45.92	45.87	45.90	45.92	45.88
Reserves	1,115	962	1,244	1,091	1,190	1,241	1,213	1,270	1,281	1,284	2,403
Borrowings	3.01	3.01	3.01	3.01	64.13	64.06	70.09	70.07	60.05	62.12	79.15
Other Liabilities	882	876	944	964	1,029	1,184	1,268	1,361	1,521	1,518	1,269
Total Liabilities	2,047	1,887	2,237	2,102	2,329	2,533	2,597	2,746	2,908	2,909	3,797
Fixed Assets	523	518	539	530	573	543	520	510	526	481	1,611
CWIP	9.01	23.01	27.04	17.01	16.02	16.02	42.01	73.09	119	67.05	49.05
Investments	602	337	575	379	84.32	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	914	1,009	1,096	1,177	1,655	1,973	2,035	2,163	2,263	2,362	2,137
Inventories	362	406	351	392	424	488	665	599	613	606	572
Trade receivables	352	412	396	444	396	413	496	552	575	585	603
Cash & equivalents	56.07	35.08	87.21	62.14	554	735	459	565	525	301	325
Total Assets	2,047	1,887	2,237	2,102	2,329	2,533	2,597	2,746	2,908	2,909	3,797

JSW Dulux cash flow

₹ crore, for each year.

JSW Dulux Cash flow
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	263	143	183	139	373	282	121	485	485	311	92.78
Cash from investing activity	−156	225	−5.99	185	3.99	−225	230	−14.99	−87.08	122	804
Cash from financing activity	−113	−394	−126	−361	−158	−175	−347	−303	−441	−462	−879
Net cash flow	−6.02	−24.08	51.15	−36.11	222	−116	6.03	171	−41.14	−26.09	22.07
Capex	39.09	79.06	103	42.05	48.07	28.04	63.04	104	118	106	1,200
Free cash flow	233	67.83	79.77	96.85	325	254	57.86	381	366	206	−1,031
CFO / OP %	145.0%	78.0%	119.9%	76.9%	130.9%	105.9%	53.9%	118.9%	104.0%	73.9%	33.0%

JSW Dulux ratios

Working-capital days and returns, by year.

JSW Dulux Ratios
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	50	59	54	57	55	63	58	54	54	53	62
Inventory days	89	107	84	85	107	135	129	95	100	95	99
Days payable	144	163	158	130	170	219	163	137	163	150	130
Cash conversion cycle	−8	0	−23	8	−11	−24	21	10	−11	−4	28
Working capital days	0	16	11	21	−4	−13	15	5	−1	23	33
ROCE %	—	27.0%	40.0%	24.0%	27.0%	22.0%	28.0%	35.0%	42.0%	42.0%	23.0%

JSW Dulux: frequently asked questions

What are the latest quarterly results of JSW Dulux?

For the Jun 2026 quarter, JSW Dulux reported sales of ₹965 Cr, down 3.0% year on year and net profit of ₹80.08 Cr, down 12.1% year on year. The operating margin was 12.0%.

What is the annual revenue of JSW Dulux?

JSW Dulux's sales for the year to Mar 2026 were ₹3,605 Cr; over the last twelve months they were ₹3,580 Cr.

What is the net profit of JSW Dulux?

Net profit for the year to Mar 2026 was ₹1,978 Cr, and ₹1,966 Cr over the last twelve months. Earnings per share over the same trailing period were ₹431.96.

How much debt does JSW Dulux have?

JSW Dulux reported borrowings of ₹79.15 Cr at Mar 2026, against cash and equivalents of ₹325 Cr.

What is the free cash flow of JSW Dulux?

Cash from operations was ₹92.78 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,031 Cr.

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