JSW Dulux Limited

Kaustubh Sudhakar Kulkarni Appointed As Non

Executive Director and Ms. Sutapa Banerjee appointed as

10%

cing corrections were taken to reduce the pricing premium in select categories. Price increases of ~10% taken in March-May. • New launches across portfolio: VT Luxury Finishes, Mass & economy primers

₹50

arved-out business^ Strong finish to the year; Double-digit profitability sustained. Final dividend ₹50 per share recommended (subject to shareholder approval) * LY | CY • Double-digit volume growth i

₹64.8

revenue development and promotional expenses • Includes income from sale of Real Estate asset (₹64.8 Cr) 7 Investor call Q4 2025-26 Consolidated financials * presented after reclass of certain promo

43.8%

xcludes carved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6%

40.6%

es carved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Enti

15.0%

rved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&

14.4%

out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (co

10.0%

AN-retained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (consoli

14.2%

tained business (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (consolidated

92.1%

s (provisional, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (consolidated) – excluding

751.6%

l, unaudited, based on Mgmt estimates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (consolidated) – excluding carved-out bus

36.2%

ates) ||||||||43.8%40.6%15.0%14.4%10.0%14.2%124.3126.92.1%82.9125.751.6%RevenueGMEBITDAPAT831.7883.36.2%364.2358.5-1.6% Entity P&L (consolidated) – excluding carved-out business^ * * Exceptional items

“%27.0%26.2%27.3%27.3%EBITDA%15.7%14.4%15.8%14.1%PAT%10.7%14.2%10.6%54.8%PAT% excl Exceptionals10.7%14.2%10.6%10.6%Q4FY JSW Dulux Ambition Market share gains across our businesses Be the preferred brand of choice for consumers, customers & employees driven by Innovation, Superior quality and customer service while gaining market share and growing EBITDA 10 Investor call Q4 2025-26 Geographic expansion (6,000 towns by next year) Product range expansion.”

Strengthening of the Board

1

Change of Company name

1

Change in Corporate Office address

1

Industrial Coatings

1

Strengthening of the Board

• Mr. Kaustubh Sudhakar Kulkarni appointed as Non- Executive Director and Ms. Sutapa Banerjee appointed as Independent Director.

Change in Corporate Office address

• JSW Dulux Limited now headquartered at JSW Center, Mumbai with effect from April 1, 2026. AkzoNobel Bullets Only use the List Level buttons to apply the AkzoNobel Branded Bullets 3 Investor call Q4 2025-26 Strong finish to the year H1 impacted by Strategic Review; Renewed focus in H2 4 Investor call Q4 2025-26 * Excludes carved-out/ AN-retained business Decorative Paints vertical Focused on market share gains • Rebound in volume growth amidst competitive pressure. • In Jan-Feb, pricing corrections were taken to reduce the pricing premium in select categories. Price increases of ~10% taken in March-May. • New launches across portfolio: VT Luxury Finishes, Mass & economy primers • Premium traction continued. Retail and semi-urban geographies grew faster. 5 Investor call Q4 2025-26 Industrial Paints vertical Customer focused solutions across industries Auto & Specialty Coatings: • Expansion of market presence in Premium. Competitive pressure in Mid market segment. • Maintained and expan

Industrial Coatings

• Growth in Coil including Marquee projects wins 6 Investor call Q4 2025-26 Q4 2025-26 Performance – excluding carved-out business^ Strong finish to the year; Double-digit profitability sustained. Final dividend ₹50 per share recommended (subject to shareholder approval) * LY | CY • Double-digit volume growth in line with revised strategy of gaining market share. • B2C – improvement in market conditions and strong revenue growth despite high competitive intensity. • B2B – Growth ahead of market across business verticals. • Benign RMP conditions in Jan and Feb; sharp increase witnessed in March • B2C marginally lower due to price corrections and higher promotion spends • B2B margins lower due to business mix • Royalty Savings redeployed towards revenue development and promotional expenses • Includes income from sale of Real Estate asset (₹64.8 Cr) 7 Investor call Q4 2025-26 Consolidated financials * presented after reclass of certain promotional spends in line with Q4 2026 ^ Excludes ca