ALFA Finder| Management target | Revenue 24.0% FY27 |
|---|
| Revenue growth | 8.4% Standalone Q4 growth; 4.8% Consolidated FY26 growth. |
|---|---|
| Margins | Gross margin 48.6% (Q4); willing to sacrifice 200bps for growth. |
| Order book | Strong order visibility for Apple Chemie subsidiary. |
| Demand visibility | Decisive demand uptick since Nov 2025; strong momentum last 5 months. |
| Management confidence | High; pursuing aggressive top-line growth and market share gains. |
Growth
FY26 consolidated revenue rose 4.8% to INR 1,405 Cr; Q4 consolidated revenue grew 9.7% YoY.
Outlook
Targeting 24% growth in FY27 (2x industry). New Jodhpur plant operational by June 2026; no major capex until FY29.
Risks
Unprecedented spike in raw material costs in March 2026 due to Middle East conflict; volatile consumer sentiment.
Last quarter's promises, checked
Delivered
- Jodhpur water-based plant commissioning by June 2026 → On track for June 2026 (= BEAT)
- Differentiated products to offset cost pressure → Q4 Gross Margin 48.6% vs 47.4% YoY (= BEAT)
- Expand dealer network → Reached 19,350+ active dealers (= BEAT)
Partly delivered
- Maintain industry-leading margins → Q4 PAT margin 14.4% vs 15.3% YoY due to treasury losses (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: INDIGOPNTS. Summary written with AI assistance from 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.
More from Indigo Paints Ltd
All →Indigo Paints Other Announcement
Indigo Paints disclosed an independent ESG score of 64 from SES ESG Research, a SEBI-licensed rating provider. The company did not engage the provider for this rating.
Indigo Paints Earnings Call Transcript: Key Takeaways
Revenue grew 14% YoY, but margins were hit by raw material inventory costs. Management expects significant margin recovery in H2.
Indigo Paints Investor Presentation: Key Takeaways
Standalone Q2 FY27 revenue Rs340.5 Cr (+14.1%), EBITDA margin 8.9% (vs 15.3%), PAT Rs13.8 Cr (-45.9%). H1 revenue +16.4%, PAT +8.3%. Mix and RM costs hit margins.
Indigo Paints Q2 FY27 Results: Net Profit ₹13.4 Cr, Down 46.8% YoY
Indigo Paints Ltd reported revenue from operations of ₹358.8 Cr (+15.0% YoY) and net profit of ₹13.4 Cr (-46.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹13.4 Cr · -46.8% YoY
Indigo Paints Other Announcement
Indigo Paints Ltd filed its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026.
Indigo Paints Board Meeting Date
Indigo Paints will hold a board meeting on October 30, 2026, to consider and approve standalone and consolidated financial results for the period ended September 30, 2026.