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Earnings Call

Indigo Paints Earnings Call: Key Takeaways

Indigo Paints reported Q4 FY26 standalone revenue of ₹397.9cr (up 8.4% YoY) with EBITDA margins at 23.0%. Strategy shifts toward aggressive market share acquisition via increased trade spends.

Why this was an Alfa AlertNot a filter event. Management aspirations for 24% growth are not a formal 50%+ guidance beat.
Highlights
Revenue growth8.4% YoY for Q4 standalone; 4.8% YoY for full year consolidated.
MarginsGross margins improved to 48.6%; willing to sacrifice 200bps for growth.
Order bookStrong visibility for subsidiary Apple Chemie targeting 30%+ growth.
Demand visibilityDecisive uptick from Nov 2025; April 2026 growth driven by hoarding.
Management confidenceHigh; citing 'spring in feet' and aggressive pursuit of market share.

Growth

FY26 consolidated revenue grew 4.8% to ₹1,405cr; consolidated EBITDA grew 9.1% to ₹254.8cr.

Outlook

Targeting 24% revenue growth (2x industry) for FY27; new Jodhpur water-based plant commissioning June 2026.

Risks

Raw material costs spiked 50-100% in March 2026 due to Middle East conflict; muted demand history.

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
₹1,060.70
Market cap
₹5,063 Cr
Revenue (annual)
₹1,405 Cr
Net profit (annual)
₹145.1 Cr
P/E (TTM)
31.5×Sector 45.6×
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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