The invention relates to a branched carboxylic acid functional polyester resin P as described herein. The invention further relates to a thermosetting powder coating composition (PCC A) comprising a binder K, said binder K comprising the P and a crosslinker X. The invention further relates to a cured PCC A. The invention further relates to a process for making said PCC A and processes for coating an article with said PCC A. The invention further relates to an article having coated thereon said PCC A as well as to an article having coated and cured thereon said PCC A. The invention further relates to a thermosetting powder coating composition B (PCC B) comprising a physical mixture of the thermosetting powder coating composition A (PCC A) with a separate, distinct thermosetting powder coating composition A1 (PCC A1). The invention further relates to a process for making said thermosetting powder coating composition B and processes for coating an article with said PCC B. The invention further relates to a cured PCC B. The invention further relates to an article having coated thereon said thermosetting powder coating composition B as well as to an article having coated and cured thereon said thermosetting powder coating composition B. The invention further relates to use of: the polyester resin P, the PCC A, the cured PCC A, the PCC B, the cured PCC B, articles coated with the PCC A, articles coated with the PCC B, articles having coated and cured thereon the PCC A, articles having coated and cured thereon the PCC B. The invention further relates to the use of the polyester resin P for matt powder coatings. The invention further relates to the use of the PCC B for matt powder coatings.