JSW Dulux Limited reported its financial results for the quarter ended December 31, 2025 (Q3 FY26), showing a decline in both revenue and profit compared to the previous year. The company’s total income from operations stood at ₹9,223.8 million, down 12.7% YoY. Net Profit for the quarter was ₹743 million, reflecting a 31.6% decrease from the same quarter last year. However, on a sequential (QoQ) basis, revenue showed an increase of 8.72% from ₹8,349 million in the preceding quarter. The decline in year-on-year profit was largely due to exceptional items and the divestment of the powder coatings segment.
| Metric | Q3 FY26 (Current) | Q3 FY25 (YoY) | Q2 FY26 (QoQ) | % Change (YoY) | % Change (QoQ) |
| Revenue | ₹9,077 Million | ₹10,510 Million | ₹8,349 Million | -13.63% | +8.72% |
| Net Profit | ₹743 Million | ₹1,086 Million | ₹16,828 Million* | -31.58% | -95.58%* |
*Note: Q2 FY26 profit included a significant one-time gain from business divestments.
JSW Dulux Limited, formerly known as Akzo Nobel India Limited, is a leading manufacturer of paints and coatings in India, famous for its “Dulux” brand. Following the acquisition of a 61.2% stake by JSW Paints in late 2025, the company has officially transitioned into the JSW Group ecosystem. The company maintains a strong presence in both decorative and industrial coatings and is currently restructuring its leadership under the chairmanship of Parth Jindal to drive market share growth and operational synergies.
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