JSW Paints, a JSW Group firm, expects to achieve a turnover of Rs 2,000 crore in this fiscal ending March, a 23.8% rise from Rs 1,616 crore recorded a year ago. The firm, which started operations five years ago, is also on track to turn profitable this fiscal
The firm had posted a turnover of Rs 1,000 crore in FY22. “Our pioneering efforts to build a strong, holistic water-based paints portfolio has placed us in a commanding position to service the fast-evolving preferences of Indian consumers.
It’s a moment of great pride that JSW Group’s first true consumer-facing business has been so well received across the country,” JSW Paints MD Parth Jindal said. Following this, the firm has moved up from the sixth to the fourth spot of India’s largest paint manufacturers.
During the current fiscal, JSW Paints increased its market presence to more than 60%, even as it continues to add over 2000 retailers every year. The firm also continues to launch new products.
