Indigo Paints Limited — PPTs, 10-02-2025: Investor Presentation

**Financial Highlights:** Indigo Paints reported revenue from operations of ₹327.5 Cr for Q3 FY25, reflecting a 4.0% year-over-year decline. Gross margin stood at 47.2%, while EBITDA decreased by 5.9% to ₹57.3 Cr, resulting in an EBITDA margin of 17.5%. Post-tax profit was ₹36.5 Cr, a decline of 3.3%, with a margin of 11.0%. For the 9M FY25, revenue was ₹910.0 Cr, with 2.4% growth, but PAT saw an 8.5% drop to ₹87.0 Cr.

**Strategic Initiatives and Growth Drivers:** Indigo Paints is actively pursuing its “Indigo Paints 2.0” strategy, focusing on product innovation, geographic expansion, and capacity augmentation. The company plans to enhance engagement with painters and expand into non-decorative segments, leveraging recent acquisitions for further growth.

**Business Developments:** The firm is progressing with new manufacturing facilities, expecting significant capacity additions by Q1 FY26, which will aid future revenue generation.

**Market Position and Competitive Advantage:** Indigo continues to maintain its leadership in gross margin compared to industry peers, despite current market challenges.

**Investor Implications:** With expectations of a strong recovery in Q4 FY25 and improved margins in its new product mix, Indigo Paints presents a positive outlook for retail investors, necessitating vigilant monitoring of upcoming performance trends.