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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
₹982.55
Market cap
₹4,690 Cr
Revenue (annual)
₹1,405 Cr
Net profit (annual)
₹145.1 Cr
P/E (TTM)
31.4×Sector 44.3×
Promoter holding
53.81%-0.07% QoQ
FII holding
5.70%Current quarter

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

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