Now Reading: JSW Dulux targets double-digit volume growth in FY27
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JSW Dulux targets double-digit volume growth in FY27
JSW Dulux, formerly Akzo Nobel India, reported 25% volume growth in the June quarter and expects double-digit volume growth to continue through the rest of FY27, joint managing director and CEO Rajiv…
The Story in Brief
JSW Dulux, formerly Akzo Nobel India, reported 25% volume growth in the June quarter and expects double-digit volume growth to continue through the rest of FY27, joint managing director and CEO Rajiv Rajgopal said. Revenue rose 18.8% to Rs 965 crore, and EBITDA grew 14.7% to Rs 115.1 crore. Rajgopal told PTI that festive demand will remain strong, driven by a repainting cycle from homes painted in 2022-23. The company aims to cross 5% market share and then reach 6%. It is investing in capacity and brand building while battling elevated competitive intensity in the paint sector.
The Indian Opinion
The paint industry’s growth story is often painted as unstoppable, but JSW Dulux’s own admission of a ‘fight every day’ shows the ground reality. Premium products are booming, yet margin pressure from a higher non-premium mix and fresh hiring chips away at gains. Crude prices remain a wild card. The real test will be whether the company can hold EBITDA margins near 13% for the full year despite rising input costs and aggressive competition from newcomers.
Source: retail.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
