| Revenue growth | Standalone up 14.1%, Gross revenue up 18.8%. |
|---|---|
| Margins | EBITDA margin fell to 8.9% from 15.3% due to raw materials. |
| Demand visibility | Strong October sales; H2 typically contributes 62% of revenue. |
| Management confidence | Candid about margin hit; highly optimistic about H2 recovery. |
Growth
14.1% standalone revenue growth; volume growth healthy across categories except Putty/Cement paints.
Outlook
Management targets reclaiming top gross margin position in Q3/Q4 and substantial growth in H2.
Risks
Gross margin compression of 660 bps due to inventory timing and geopolitical commodity volatility.
Last quarter's promises, checked
Partly delivered
- Guided Jodhpur water-based trial production 2H Aug → commenced, date unstated (= PARTIAL)
- Guided +1,200 kW Jodhpur solar → solar added, size unstated (= PARTIAL)
Missed
- Guided EBITDA margin YoY -1pp to +0.5pp → delivered 8.9% vs 15.3% (= MISS)
- Said gross margin drop of 'a couple' pp acceptable → delivered 660 bps compression (= MISS)
Earnings Call Transcript filed with NSE, NSE: INDIGOPNTS. Summary written with AI assistance from the document.
Indigo Paints Ltd: key numbers
- Share price
- ₹861.25
- Market cap
- ₹4,111 Cr
- Revenue (annual)
- ₹1,405 Cr
- Net profit (annual)
- ₹145.1 Cr
- P/E (TTM)
- 27.6×Sector 43.1×
- 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 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.
Indigo Paints Other Announcement
Indigo Paints filed the mandatory Regulation 74(5) compliance certificate for the quarter ended September 30, 2026, issued by its registrar.
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.