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Earnings Call

Indigo Paints Earnings Call: Key Takeaways

Indigo Paints Q3 FY26 standalone revenue grew 3.5% YoY to ₹338.9 Cr, with EBITDA margins expanding to 19.4% due to improved product mix and lower A&P spends.

Highlights
Revenue growthStandalone up 3.5% YoY; Consolidated up 4.7% YoY.
MarginsEBITDA margins improved to 19.4% from 17.5% YoY.
Demand visibilityWitnessing good sales traction since Nov '25.
Management confidenceStrong; double-digit growth since Nov '25.

Growth

Standalone revenue grew 3.5% and PAT grew 11.2% (excl. exceptionals). Consolidated sales reached ₹358.8 Cr (4.7% YoY growth).

Outlook

Expecting EBITDA margin improvement in Q4; Jodhpur water-based plant commissioning anticipated in Jun '26.

Risks

Sales moderated in Oct '25; ₹5.85 Cr one-time provision for gratuity impact due to draft Labour code.

Source

Earnings Call filed with NSE, NSE: INDIGOPNTS. Summary written with AI assistance from the document.

Read the document ↗

Indigo Paints Ltd: key numbers

Share price
₹1,128.60
Market cap
₹5,387 Cr
Revenue (annual)
₹1,405 Cr
Net profit (annual)
₹145.1 Cr
P/E (TTM)
33.5×Sector 45.9×
Promoter holding
53.88%+0.00% QoQ
FII holding
5.73%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

Indigo Paints Annual General Meeting

Indigo Paints held its 26th Annual General Meeting on September 12, 2026. Shareholders adopted financial results, approved the final dividend, and ratified director appointments.