JSW Dulux Sets November 4 Board Review for Q2 FY27 Results

JSW Dulux Limited will consider unaudited standalone and consolidated results for Q2 and the first half of FY27 on November 4, 2026, following reported Q1 FY27 revenue of ₹965 crore. The board review and subsequent investor call will provide the company’s next formal update on sales, profitability and operating conditions.

When will JSW Dulux announce its Q2 FY27 results?

JSW Dulux has scheduled a Board of Directors meeting for Wednesday, November 4, 2026, to consider and approve unaudited standalone and consolidated financial results. The agenda covers both the quarter ended September 30, 2026, and the six-month period ended on that date.

The company made the prior intimation on October 16 under Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This is a routine but material disclosure for shareholders because it establishes the date on which the company is expected to disclose its latest financial performance.

JSW Dulux has also scheduled a group conference call at 5:30 pm IST on November 4 to discuss the Q2 FY27 results. The call is intended to allow shareholders and other market participants to hear management’s discussion of quarterly performance and outlook, alongside analysts from ICICI Securities.

The September-quarter results will cover the company’s performance after the first quarter of FY27 and will also provide cumulative half-year figures. The filing does not disclose the expected outcome of the meeting or provide any guidance on the Q2 numbers before the board’s approval.

What did JSW Dulux report in Q1 FY27?

The supplied Q1 FY27 quarterly data shows revenue of ₹965 crore, operating profit of ₹95 crore and net profit of ₹79 crore. Revenue was stated to be 1.78% higher quarter on quarter and 3.02% lower year on year, while net profit was 36.60% lower sequentially and 12.42% lower year on year.

Another results summary in the supplied information reports revenue of ₹991 crore, net income of ₹79.7 crore and earnings per share of ₹17.51 for the first quarter of 2027. That summary described revenue as flat from the comparable prior-year quarter, while net income was 12% lower and the profit margin declined to 8.0% from 9.1%.

A separate supplied statement reports standalone Q1 FY27 profit after tax of ₹135.5 crore, up 101.6% year on year, and like-for-like revenue growth of 18.8% to ₹965 crore, supported by 25% volume growth. As these reported Q1 profit figures differ across the supplied material, investors should rely on the company’s approved financial statements and November 4 disclosures for the relevant comparable basis.

The available quarterly trend shows revenue of ₹835 crore in September 2025, ₹894 crore in December 2025, ₹883 crore in March 2026 and ₹965 crore in June 2026. Operating profit over the same four reported quarters was ₹92 crore, ₹118 crore, ₹107 crore and ₹95 crore, respectively.

Why are the November results important for investors?

The November 4 results are important because they will show whether JSW Dulux maintained revenue momentum and profitability through the first half of FY27. The Q1 figures supplied in the data point to pressure on profit margin in at least one reported summary, even as the company’s sales and volume commentary indicated growth in decorative and industrial segments.

Analyst expectations included in the source project average revenue growth of 11% annually over the next two years. That compares with a 12% revenue-growth forecast for India’s chemicals industry. The Q2 release will give investors a fresh reported data point against these expectations, but the filing itself does not provide a forecast.

The source also states that earnings per share grew at an average annual rate of 68% over the past three years, while the share price increased at an average annual rate of 3%. These historical figures frame the valuation discussion, although they do not establish how the stock will perform after the upcoming results.

A price-target revision in the supplied data reduced the target from ₹3,399.00 to ₹339.90. The explanation cited revised assumptions for discount rates, projected revenue growth, profit margins and a higher assumed future price-to-earnings multiple. Investors should note that JSW Dulux also completed a 1:10 share split, which can affect the numerical presentation of per-share prices and targets.

How does the share split affect JSW Dulux shareholders?

JSW Dulux fixed October 22, 2026, as the record date for a 1:10 equity share split. Under the split, each equity share with a face value of ₹10 was subdivided into ten equity shares with a face value of ₹1, and trading in adjusted shares began on the same date.

A share split changes the number of shares held and the quoted price per share in proportion to the split ratio, but it does not by itself change the underlying value of a shareholder’s holding. Market participants assessing historical prices, targets or per-share financial metrics need to confirm whether those figures have been adjusted for the split.

The supplied market data recorded a next-day close of ₹3,058 on October 16, 2026, with a 0.26% gain, in connection with the board-meeting disclosure. This reference predates the October 22 record date, so it should not be directly compared with post-split price quotations without an appropriate adjustment.

For shareholders, the immediate scheduled event is the board meeting and the 5:30 pm conference call on November 4. The company has not indicated any shareholder action required solely because of the prior intimation of its financial-results meeting.

Conclusion

JSW Dulux’s November 4 board meeting will deliver its next formal update on Q2 and H1 FY27 performance. The announcement follows mixed supplied Q1 data on revenue and profit, a reported decline in margins in one summary, and an analyst target revision based on changed valuation and operating assumptions.

Investors will watch the approved standalone and consolidated results, management’s comments during the conference call, and any clarification of Q1 comparability. The disclosed schedule provides the next confirmed milestone: the board review and results discussion on November 4, 2026.