JSW Dulux

JSW Dulux delivered a record 23% volume growthCurrent 23% volume growth. Reported change: +23% YoY. in Q4 FY26, driven by pricing corrections and strong performance across both decorative and industrial verticals. Revenue grew 6.2% YoYCurrent reported value: 6.2% YoY. No comparable prior figure is available in the source record. on a like-to-like basis, with the gap between volume and revenue attributed to price and mix adjustments. EBITDA margin contracted to 14.4%Current reported value: 14.4%. No comparable prior figure is available in the source record. (down 60bps YoY) due to elevated raw material costs and competitive pricing. Management guided for double-digit volume growth in FY27, targeting market share gains, though near-term margin pressure persists from crude-linked inflation. The company is integrating operations with JSW Paints, with systems integration expected post-Diwali. Key risk: sustained raw material inflation could further compress margins if pricing actions lag.