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Indigo Paints posted steady Q4 FY25 with 0.3% sales growth and a best-in-industry gross margin of 47.4%. EBITDA rose 4.4% to ₹85.9 Cr with a record 23.4% margin; PAT increased 6.3% to ₹56.9 Cr. Full-year revenue rose modestly, while EBITDA and PAT eased slightly. Focus remains on premiumization, expanding 18.4k dealers, and boosting tinting machines to 11k. Marketing shifted to digital and targeted promotions amid weak demand. Management expects double-digit growth by Q2 FY26 as market and raw material costs improve, with no plans to enter institutional or industrial paint segments yet.