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Earnings Call

Indigo Paints Earnings Call: Key Takeaways

Indigo Paints reported standalone FY26 revenue of ₹1,330.1 Cr (up 4.1%) and PAT of ₹149.8 Cr (up 4.0%), maintaining industry-leading gross margins despite raw material price surges.

Highlights
Revenue growth4.1% YoY for FY26; 8.4% for Q4 FY26.
MarginsGross margins at 48.6% (Q4); EBITDA margins stable at 18.5% (FY26).
Order bookStrong order visibility for Apple Chemie subsidiary.
Demand visibilityDouble-digit gross revenue growth trend expected to continue.
Management confidenceAggressive growth path planned despite margin headwinds.

Growth

Q4 FY26 standalone revenue grew 8.4% YoY to ₹397.9 Cr; PAT margins remained stable at 11.2% for FY26.

Outlook

Expecting 30%+ growth for Apple Chemie in FY27; Jodhpur water-based plant trial production starting June 2026.

Risks

Significant raw material price surges (50-100% in Mar'26) due to Middle East conflict impacting future gross margins.

Source

Earnings Call filed with BSE, 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.