JSW Paints Records First Operating Profit within Five Years of Launch*

*Gross Revenue Exceeds INR 2,000 Crore in FY 2024-25, Aiming for INR 5,000 Crore by FY 2026*

*Former Unilever Executive Ashish Rai Appointed Chief Business Officer to Lead Decorative Paint Business*

 JSW Paints, a leading eco-friendly paint company and part of the $24 billion JSW Group, has recorded its first full-year operating profit, with an EBITDA margin exceeding 3% (approximately INR 67 crore) in the last financial year. This achievement makes JSW Paints the first and youngest Indian paint company to reach profitability in such a short period. With a growth rate over ten times the industry average, the company’s gross revenue has surpassed the INR 2,000 crore mark, driven by its decorative paint and industrial coatings businesses.

Given the current growth trajectory, JSW Paints aims to reach a revenue target of INR 5,000 crore by FY 2026. This growth will be significantly bolstered by strategic changes in the decorative paints segment. The company has appointed Ashish Rai as the Chief Operating Officer-Decorative. Rai, who has over two decades of experience in distribution business with global organizations like Unilever, will lead the transformation and growth of JSW Paints’ decorative paints business, driving profitable top-line development.

Parth Jindal, Managing Director of JSW Paints, stated, "Becoming the youngest paint company to achieve profitability in the shortest time is a significant milestone for JSW Paints. We are committed to leveraging new opportunities as Indian consumers develop a preference for purposeful living and eco-friendly products. I am delighted to welcome Ashish Rai to lead growth in our manufacturing and marketing investments. With an average working age of 29, JSW Paints boasts the industry's youngest, most gender-diverse, and dynamic team, committed to advancing our business."

JSW Paints' Joint Managing Director and CEO, Mr. Sundaresan AS, commented, "We are a young team eager to undertake initiatives that have never been done before. The positive reception to our efforts has encouraged us to progress rapidly. We promise to deliver world-class products and services to our consumers, making their homes truly beautiful."

Ashish Rai, Chief Business Officer-Decoratives of JSW Paints, expressed his excitement, "I am thrilled to join JSW Paints at a critical juncture where the business is poised to accelerate its growth trajectory. Decorative paints are closely tied to the joy Indian consumers experience in transforming their homes. With digital advancements, evolving consumer needs, and innovative eco-friendly products, our commitment to rapid growth in the decorative paint business will delight our customers."

JSW Paints’ rapid revenue growth has been driven by thoughtful strategies and innovations offered to consumers across India. JSW Paints is the only company in the Indian market to offer the unique 'Any Colour, One Price' proposition. Its luxury interior emulsion 'Halo' is regarded as India’s best paint, outperforming comparable products. The company’s waterproofing range 'iBlock' is marketed as the most reliable solution for waterproofing homes, supported by a new national advertising campaign. The water-based enamel 'AquaGlow' is favored by consumers for being the only non-odorous paint for wood and metal. Additionally, JSW Paints has launched the luxury wood finish 'Opera' range, manufactured in India to rival imported Italian wood finishes.

In the industrial coatings sector, JSW Paints leads in 'Coil Coatings' and is expanding its offerings in protective, pipe, windmill, flooring, and general industrial coatings.

JSW Paints continues to innovate and expand, positioning itself as a leading player in both decorative and industrial paint segments while maintaining a strong commitment to environmental sustainability and consumer satisfaction.