New Delhi, May 20 -- JSW Dulux closed fiscal year 2026 (FY26) with a record net consolidated profit after tax (PAT) of Rs.1,973.8 crore, marking a staggering fivefold increase from the Rs.429.5 crore posted in FY25. Despite warnings that Middle East-driven raw material inflation and domestic gas supply disruptions will strain near-term margins, the company has firmly targeted double-digit volume growth for FY27.

Total income for the year slipped 9.74% to Rs.3,697.7 crore from Rs.4,096.9 crore in FY25, a divergence from the profit trajectory that reflects the ongoing consolidation of the business following last year's ownership change, as well as the broader cost pressures now weighing on India's paint sector. The quarter that closed out ...