Analysts/Institutional Investor Meet/Con. Call Updates

12th August 2026 Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Ltd. 1st floor, New Trading Ring Exchange Plaza, 5th floor, Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001 Mumbai – 400051 Scrip Code: 500710 Symbol: JSWDULUX Dear Sir/Madam, Sub: Investor Presentation Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Call presentation document basis the unaudited financial results for the quarter ended 30th June 2026, as approved by the Board of Directors on 11th August 2026. You are requested to kindly take the above information on record. Thanking you, Yours truly, For JSW Dulux Limited (Formerly Akzo Nobel India Limited) Rajiv L. Jha General Counsel & Company Secretary Encl: as above. Investors call – Q1FY27 12th Aug 2026 Safe Harbour Statement Title area Title area Subtitle area Subtitle area This media release contains statements which address such key issues as the Company’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecast and actual results or outcomes to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures and approvals, as well as significant market disruptions. Stated competitive positions are based on management estimates supported by information provided by specialized external AkzoNobel Bullets agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual Only use the List Level buttons to apply the report. AkzoNobel Branded Bullets 1. Introduction 2. Business environment and Our performance 3. Concluding Remarks CONTENT INDEX Introduction About JSW Group (Listed entities) 1: Further 4.5mtpa capacity in Joint Venture currently, growing to 16mtpa by FY32 5 Note: Market caps as on 3rd June 2026. JSW Paints is unlisted About JSW Group (Unlisted verticals) UAS: Unmanned Aerial Systems. ATV: All-Terrain Vehicles JSW Dulux at a glance Market share of 5% in Decorative Paints, 7% in Industrial Paints Gurugram #Headquartered in Mumbai, presence across >5,000 towns Gwalior Mohali Decorative Paints Decorative and Leader in Premium portfolio with Industrial Paints iconic brands (Dulux, Sikkens, Lesonal, International) 5 sites with aggregate 305 MLPA capacity Kolkata Strong governance with balanced Board composition between JSW Group and Independent Directors Hyderabad Decorative Paints 1 Research & Development Centre in Mumbai Mumbai Chennai HQ, Decorative and Industrial Paints Bangalore 1,387 employees Industrial Paints ~22,000 retailers; ~4,000 Factory R&D Lab Registered Office Corporate Office Sales Office B2B customers JSW Dulux Vision Leading performance backed by innovation and best in class quality Decorative Paints vision Industrial Paints vision Leading performer preferred by Consumers & Customers, Preferred brand, with Best-in-class Quality known for Best-in-Class Quality & Continuous Innovation 1. Strengthen Dulux Brand Equity ASC: Be Top 2 player by 2031 2. Drive Innovation in Premium & Adjacent Play MPC : Leadership by 2031 3. Execute Meaningful Distribution Expansion ICO: Build back JSW retained business 4. Stronger Play in Projects Invest & Build strong R&D capability & Service support 5. Build Organizational Capability & Performance Culture Business environment & Our performance Resilient growth amidst cost and currency volatilities FY26 GDP growth intact Dip in consumer confidence Uptick in inflation; RBI target breached Crude prices at elevated levels Trade disruptions impacting TiO prices ₹ weighed down by FII outflows, crude Sources: Ministry of Statistics, RBI, Energy Information Administration, ICICI Securities Decorative Paints Strengthening Dulux brand equity and portfolio to gain market share STRENGTHEN DULUX BRAND EQUITY DRIVE INNOVATION IN PREMIUM & ADJACENT DRIVING DEMAND – AIDs & CONTRACTORs Launch of Velvet Touch Finishes Awareness generation for WTP 11 Mn via branded van activation in views key towns Launch of Aquatech Interior Design summits, always-on digital content and waterproofing range Media campaign on Dulux Assurance collaborations with marquee AIDs Outdoor visibility for mid tier range across tier 3,4 towns via wall painting New Colour Story activation Entry into water-based PU for Premium Interior segment in Woodcare via launch Emulsions in East and West of Sadolin Hydro PU Industrial Paints Customer focused solutions across industries Erosion resistant Coatings Marquee projects Preferred premium Coatings Fire-proofing coatings for Green Energy Data Centres Q1 FY27 Performance (Standalone) Solid progress on our Strategic Priorities Revenue GM EBITDA PAT 812.0 965.0 18.8% 353.6 360.8 2.0% 100.4 115.1 14.7% 67.2 135.5 101.6% LY | CY 43.5% 37.4% 12.4% 11.9% 8.3% 14.0% • Volume +25%. Double-digit • Impact of GM% dilution • Margins impacted due to volume and value growth narrowed through opex • PAT at 135.5 Cr includes elevated RM prices and across verticals management while ✓ Dividend income staggered Price increases • B2C: Portfolio gains in investing in growth (55.9 Cr) from ICI coupled with vertical mix. Premium. Calibrated price initiatives India Research and • B2C margins impacted by increases taken during the • Realized benefits of Technology Centre RM inflation and higher quarter Project Akshaya (₹2.4 Cr) Private Limited promotion spends • B2B: Strong order wins in in Q1 FY27 ✓ Interest on IT refund • B2B margins lower due Infrastructure, Power, Coil • Double-digit profitability (21.5 Cr) to business mix sectors and Automotive OEM’s sustained * presented after regrouping of certain promotional spends ^ L2L numbers for LY exclude carved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) Values in ₹ Cr Entity P&L (Standalone) Q1 Statutory L2L Statutory reported Particulars (₹ Cr) FY26 FY27 FY26 FY27 Net Revenue 812.0* 965.0 993.1 * 965.0 % growth 18.8% -2.8% Gross Margin 353.6 360.8 424.2 360.8 Gross Margin % 43.5% 37.4% 42.7% 37.4% % growth 2.0% -15.0% EBITDA 100.4 115.1 134.4 115.1 EBITDA% 12.4% 11.9% 13.5% 11.9% % growth 14.7% -14.4% Profit before Tax 90.4 173.4 122.5 173.4 Tax -23.2 -37.8 -31.5 -37.8 Profit after Tax 67.2 135.5 91.0 135.5 as % of Net Revenue 8.3% 14.0% 9.2% 14.0% % growth 101.7% 48.9% * presented after regrouping of certain promotional spends 14 ^ L2L numbers exclude carved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) Entity P&L (Consolidated) Q1 Consolidated Statutory L2L Statutory reported Particulars (₹ Cr) FY26 FY27 FY26 FY27 Net Revenue 812.0* 965.0 993.1* 965.0 % growth 18.8% -2.8% Gross Margin 353.6 360.8 424.2 360.8 Gross Margin % 43.5% 37.4% 42.7% 37.4% % growth 2.0% -15.0% EBITDA 100.4 115.1 134.4 115.1 EBITDA% 12.4% 11.9% 13.5% 11.9% % growth 14.7% -14.4% Profit before Tax 90.4 117.7 122.5 117.7 Tax -23.2 -37.9 -31.5 -37.9 Profit after Tax 67.2 79.7 91.0 79.7 as % of Net Revenue 8.3% 8.3% 9.2% 8.3% % growth 18.7% -12.4% * presented after regrouping of certain promotional spends 15 ^ L2L numbers exclude carved-out/ AN-retained business (provisional, unaudited, based on Mgmt estimates) Project Akshaya Unlocking Synergies through operational efficiencies; ₹2.4 Cr realised in Q1 FY27 ERP & Systems integration Harmonizing digital eco system to create best in class customer experience Alignment of functional Supply Chain structures efficiencies Alignment of processes and roles to drive excellence and Re design end [Showing first 8,000 characters — download PDF for full document]