JSW Paints Achieves EBITDA-Positive Status, Announces ₹900 Crore Investment Plan Over 3 Years

In a landmark achievement, JSW Paints has announced plans to invest ₹800-900 crore over the next three years after recording its first operating profit in five years. The company reported an EBITDA of ₹67 crore for the financial year ending March 2024, marking its debut into profitability since its inception. Revenue surged by 30%, reaching ₹2,100 crore compared to ₹1,616 crore the previous year.

AS Sundaresan, Joint MD and CEO of JSW Paints, credited this success to the company's strategic investment and market disruption through its ‘any colour, one price’ offer. "Given the response from the market and growth prospects, we are confident of maintaining profitability this fiscal," Sundaresan told BusinessLine.

In the past five years, JSW Paints invested ₹800-900 crore in capacity building and marketing, and it plans to match this investment over the next three years. This commitment aims to bolster the company’s presence and capabilities amid fierce competition from new market entrants.

JSW Paints is targeting a topline of ₹5,000 crore in the next two years by expanding its retail footprint in the home decorative segment and enhancing its industrial coatings portfolio. Ashish Rai has been appointed as Chief Business Officer–Decorative to drive this growth.

Parth Jindal, Managing Director of JSW Paints, highlighted the company’s rapid progress. "It has been an exciting and eventful five years for JSW Paints, making us the youngest paint company to turn profitable in the shortest time. We are now focused on capitalizing on new opportunities as Indian consumers shift towards purposeful living and eco-friendly products," Jindal said.

In line with its innovative spirit, JSW Paints recently launched new products such as iBlok, a waterproofing solution, and Aquaglo, a water-based enamel suitable for both wood and metal applications.

HBL