JSW Dulux sets October 22 record date for 1:10 stock split as Q1 profit declines
JSW Dulux has fixed October 22, 2026 as the record date for its 1:10 stock split, reducing face value from ₹10 to Re 1. The paints company reported Q1 FY27 net profit of ₹79.7 crore, down 12.4% year on year, while revenue fell 2.82% to ₹965 crore amid competitive and input-cost pressures.
What happened
JSW Dulux fixed October 22, 2026 as the record date for a 1:10 stock split. The paints maker reported lower Q1 FY27 profit and revenue, while industry players
Key facts
- 1:10 stock split
- Record date: October 22, 2026
- Face value: ₹10 to Re 1
- JSW Paints acquired 60.76% stake in December 2025
- Q1 FY27 net profit: ₹79.7 crore, down 12.4% YoY
- Q1 FY27 revenue: ₹965 crore, down 2.82% YoY
- JSW Group: $23 billion
Why this matters
JSW Dulux’s softer Q1 performance highlights a challenged paints market where scale, distribution reach, procurement advantages and selective consolidation could become increasingly strategic.
What to watch
- Q2 FY27 volume growth versus reported revenue growth
- Gross-margin trend and titanium dioxide, crude-derivative and packaging-cost movements
- Dealer-channel inventory levels and competitor discounting intensity
- Management guidance on market-share trajectory and FY27 margin recovery
- Post-split adjusted share-price performance, delivery volumes and retail shareholder data
- Expect elevated turnover and possible price volatility ahead of and immediately after the October 22 record date.
- Monitor whether management increases trade schemes, dealer commissions or advertising to defend paint-market share.
- Watch for analyst estimate revisions and management commentary on volume growth, pricing discipline and raw-material inflation.
- Assess whether the split is followed by improved retail ownership, higher delivery volumes and more active derivatives or institutional participation.