JSW Paints becomes the most profitable company in a short period of time

JSW Paints, India’s leading eco-friendly paint company and part of the US$24 billion JSW Group, reported its first full year operating profit with an Ebitda margin of over 3% (approximately Rs 67 crore) last financial year. This makes JSW Paints the first and youngest Indian paints company to record operating profit in the shortest period. The company’s gross revenue has crossed the target of Rs 2,000 crore, registering more than 10x growth rate in the industry. The growth in gross revenues was supported by both the Decorative Paints and Industrial Coatings businesses.

Keeping in mind the current growth rate, JSW Paints is striving to achieve the target of Rs 5,000 crore within the next two years (i.e. by FY 2026). The business will be strengthened by the Decorative Paints segment making significant changes. The company has appointed Ashish Roy as Chief Operating Officer-Decorative, who has over two decades of experience in the distribution business in global organizations such as Unilever. Ashish will lead the transformation and growth of the Decorative Paints business at JSW Paints and deliver profitable top line growth.

Parth Jindal, Managing Director, JSW Paints said, “It is a great achievement for JSW Paints to become the youngest paint company to become profitable in the shortest time. We are now committed to capitalizing on new opportunities as Indian consumers evolve their preferences towards purposeful living and eco-friendly products. I am pleased to welcome Ashish Rai to lead the growth of our manufacturing and marketing investments. JSW Paints is committed to growing its business with the youngest, most gender diverse and dynamic team in the industry with an average working age of 29 years.”

According to Sundaresan AS, Joint Managing Director and CEO, JSW Paints, “We are a young team and aspire to do things that have never been done before. We are glad that the change we wanted to bring has received a good response, which has encouraged us to grow at a faster pace. We promise to make the homes of our consumers truly beautiful by delivering world-class products and services at their doorstep.”

Ashish Rai, Chief Business Officer – Decoratives, JSW Paints, said, “I am thrilled to join JSW Paints at an important juncture, where the business is clearly set to accelerate its growth pace. Our commitment to drive rapid growth in the decorative paint business with digital advancements, evolving consumer needs and innovative eco-friendly products will delight our customers.” ‘

The rapid revenue growth recorded by JSW Paints has been driven through thoughtful approaches and innovations introduced to its consumers across India. JSW Paints is the only company in India to offer ‘Any Colour, One Price’ unique in the Indian paint market. Luxury Interior Emulsion ‘Halo’ is the best paint in India as it outperforms its peers or comparable paints. JSW Paints waterproofing range iBlock is the surest way to waterproof homes. The company is marketing it with a new advertising campaign launched across the country.

Water-based enamel ‘Aquaglo’ is loved by consumers as the only non-smelling paint for wood and metal at home. JSW Paints has launched Opera range of luxury wood finishes, made in India to compete with imported Italian wood finishes. In Industrial Coatings, JSW Paints is the leader in ‘Coil Coatings’ and is expanding its offering to other areas such as protective, pipe, wind turbine, flooring and general industrial coatings.