Indigo Paints Ltd — earnings calls

1 quarter summarised from transcripts filed with the exchange, every statement cited. Newest first.

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.