JSW Dulux has successfully implemented its 1:10 stock split, converting each ₹10 share into 10 shares of Re 1 each, with the record date set for October 22, 2026. The company, formerly known as Akzo Nobel India Ltd, achieved near-unanimous shareholder approval with 99.99% voting in favor through a postal ballot on September 20, 2026. The record date will determine which shareholders are eligible for the proposed share subdivision, with the total number of issued, subscribed, and paid-up equity shares expanding from 4.55 crore to 45.54 crore. The authorized share base has been increased to 1.26 billion shares of ₹1 face value each, positioning the stock for enhanced retail accessibility.
JSW Dulux delivered exceptional financial results for Q1 FY27, reporting a record ₹135.5 crore profit after tax, representing a remarkable 101.6% year-on-year growth. This strong performance was backed by 25% paint volume expansion, demonstrating the company's successful operational integration under the JSW Paints umbrella. Revenue from operations stood at ₹965 crore in the June quarter, down 2.82% year-on-year from ₹993.1 crore in Q1 FY26, as reported by LiveMint. The company is now operating under the JSW umbrella with over 5,000 towns coverage and 22,000 decorative paint retailers, shifting from conservative multinational margins to high-volume market capture strategies.
The stock split follows the company's June-quarter results and comes after JSW Paints acquired a 60.76% stake in Akzo Nobel India in December 2025, which has since increased to a controlling 61.2% stake. The post-acquisition strategy is manifesting in aggressive retail-facing moves, with the company positioning its stock to trade in the ₹300 range to significantly expand market visibility and retail shareholding. The restructuring aims to boost stock liquidity and retail investor accessibility while maintaining the company's underlying market capitalization. The timing aligns with Project Akshaya operational integration and the company's target to climb to the number two spot in the decorative paints industry.
The company announced the resignation of CFO Krishna Rallapalli, effective October 14, 2026, adding to the ongoing corporate transition. Despite raw material cost inflation pressures from Titanium Dioxide and volatile crude oil derivatives, JSW Dulux recorded robust operational performance. Paint manufacturers expect double-digit growth to continue into the festive season while implementing fresh price increases to offset higher input costs. The company remains watchful of volatility in crude-linked raw material costs amid geopolitical tensions, given their significant dependence on petroleum-derived inputs.
