JSW Paints Breaks Even For First Time In FY24

JSW Paints broke even for the first time in financial year 2024 (FY24) after entering the business in May 2019. The conglomerate’s paints business gross revenue crossed over Rs 2,000 crore in the previous financial year while its Ebidta (earnings before interest, depreciation, tax and amortisation) margin came in at 3 per cent (approximately 67 crore).

It also targets a 2.5 times revenue growth as it targets its revenue to reach Rs 5,000 crore by FY26. The company said that the rise in gross revenues was supported by a significant ramp-up in both decorative paints and industrial coatings businesses.

The company sees 55-60 per cent of its revenue come from decorative paints.While talking about demand he said that the last one-year demand has been weaker than what the company had hoped for in the beginning of FY24.