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Neutral impactCorporate Action

JSW Dulux Q1 Results: Profit drops 12% to Rs 79 crore; board approves stock split

Economic Times 4 hrs ago·11 Aug 2026, 2:46 pm

JSW Dulux reported a 12% decline in net profit to Rs 79 crore for the first quarter, alongside a slight dip in revenue. This slowdown suggests the company is facing headwinds in its core business operations. However, the management has taken a proactive step by approving a 1:10 stock split, which aims to make the shares more affordable for retail investors.

This move is significant as it lowers the entry price per share, potentially increasing liquidity and attracting more individual investors. The stock split is subject to shareholder and regulatory approvals. Additionally, the company's broader strategy includes acquiring a majority stake in Akzo Nobel India, which could further strengthen its market position in the paints industry.