Indigo Paints Limited has informed the Exchange about Investor Presentation
INDIGOPNTS · price
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Indigo Paints reported Q3 FY26 standalone revenue of Rs. 338.9 Cr, up 3.5% YoY, with EBITDA growing 14.5% to Rs. 65.6 Cr and PAT up 11.2% to Rs. 40.5 Cr. EBITDA margin improved sharply to 19.4% from 17.5% in Q3 FY25, aided by lower raw material prices (at pre-Covid levels) and reduced advertising spend (5.6% of revenue vs 8.2% last year). For 9M FY26, revenue grew 2.4% to Rs. 932.2 Cr with EBITDA margin improving to 16.6% from 16.0%. A one-time gratuity provision of Rs. 5.85 Cr was booked under the draft Labour Code. Gross margin remained industry-leading at 47.1%. The company is expanding capacity with a new water-based plant (90,000 KLPA) commissioning expected by June 2026, and subsidiary Apple Chemie posted strong revenue growth from Rs. 15.2 Cr to Rs. 20.0 Cr in Q3.
Margin expansion and benign raw material costs are positives for shareholders, though modest revenue growth (2.4% for 9M) may cap upside. Capacity expansion and entry into adjacencies like construction chemicals signal long-term growth potential.