Indigo Paints Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indigo Paints reported flat standalone PAT at ₹26.4 Cr, with consolidated revenue slightly decreasing to ₹308.9 Cr in Q1 FY26 due to early monsoons. Gross margins remained strong at 46.1%. While Q1/Q2 typically see lower margins, July sales indicate a notable recovery, and management expects sustained performance and stable margins ahead. The company is expanding its active dealer network to 18,600 and launching experiential stores. New Jodhpur plants will enhance capacity by Q3/Q4 FY26. Management is focused on profitable growth by improving throughput per dealer and optimizing product mix, including at subsidiary Apple Chemie, maintaining a confident outlook.