JSW Paints, India’s leading environment-friendly paints company and part of the US$ 24 billion JSW Group, posted its first full year operating profits at an EBITDA margin of more than 3% (approx. Rs 67 crores) for the fiscal year ended March 31, 2024.
This makes JSW Paints the first and youngest Indian paints company to post operating profits in the shortest span of 5 years from its business launch. The company’s gross revenues crossed the targeted Rs 2,000 crore milestone registering more than 10x industry growth rate. The scale-up in gross revenues was supported by a significant ramp-up in both Decorative Paints and Industrial Coatings businesses.
The current growth rate puts JSW Paints firmly on track to pursue its target of achieving Rs 5,000 crore within the next two years (i.e. by FY26). This will be supported by significant business transformation initiatives in the decorative paints segment.
The company has appointed Mr Ashish Rai as Chief Business Officer – Decorative to lead the transformation & growth in its Decorative Paints Business. With over two decades of experience in global organizations like Unilever where he led Distributive Trade Transformation, Ashish will be leading the Decorative Paints Business at JSW Paints to continuously deliver profitable top line growth.