JSW Paints, part of JSW Group, posted operating profits at an EBITDA margin of more than 3% (approx. Rs 67 crore) for the fiscal year ended March 31, 2024.The company’s gross revenue crossed the targeted Rs 2,000 crore. It aims to achieve Rs 5,000 crore revenue within the next two years (i.e. by FY26).
This growth will be supported by business transformation initiatives in the decorative paints segment for which the company has appointed Ashish Rai as its new chief business officer – decorative.It currently has two manufacturing units, an industrial coatings facility at Vasind, Maharashtra and decorative paints facility at Vijayanagar, Karnataka with a combined capacity of 150,000 KL per annum.