Indigo Paints Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Indigo Paints reported standalone revenue of Rs 350 crores for Q1 FY27, up 18.7% year-on-year, with volume growth in double digits across all four product categories. EBITDA margin expanded to 17.7% from 14.8% a year earlier, and PAT rose 60.7% to Rs 42.4 crores. Management attributed the improvement to operating leverage, tighter discretionary spend control, and price increases implemented after raw material cost spikes tied to the Iran war disruption, while its subsidiary Apple Chemie saw revenue grow over 40% but margins compressed due to elevated input costs.
Indigo Paints reported Q4 FY26 standalone revenue of Rs 397.9 crore, up 8.4% year-on-year, with gross margin improving to 48.6% despite a sharp spike in raw material costs following disruption in the Middle East. Full year FY26 standalone revenue was Rs 1,330 crore, up 4.1%, with EBITDA margin expanding to 18.5% from 18.1% in FY25. Management described plans to prioritize market share gains and top-line growth in FY27, potentially at the cost of some gross margin, while stating no major capex is planned until FY29.