Indigo Paints Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
INDIGOPNTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Indigo Paints reported Q3 FY26 consolidated revenue of Rs 358.8 crore, up 4.7% year-on-year, driven by a strong 31.5% growth at subsidiary Apple Chemie. Standalone revenue grew 3.5% to Rs 338.9 crore, with growth slightly affected by an early Diwali and delayed monsoon withdrawal, but post-festive demand picked up. Consolidated EBITDA jumped 19.5% to Rs 68.3 crore, with EBITDA margin expanding sharply from 17.5% to 19.4% on a standalone basis. Net profit for the quarter rose 16.4% (excluding exceptional item) to Rs 41.7 crore consolidated. For 9M FY26, consolidated revenue grew 2.8% to Rs 979.9 crore and net profit rose 9.8% to Rs 93 crore (ex-exceptional). The company booked a one-time exceptional expense of Rs 6.13 crore (consolidated) related to higher gratuity liabilities from India's new Labour Codes.
Margin expansion and solid subsidiary growth are positives for shareholders, but muted single-digit topline growth and the one-time Labour Code charge are minor headwinds. Overall, a steady quarter with improving profitability rather than a sharp re-rating event.