Indigo Paints Limited — PPTs, 23-05-2026: Investor Presentation

Indigo Paints delivered resilient Q4 FY26 standalone revenue growth of 8.4% YoY to ₹397.9 Cr, with PAT up 0.8% to ₹57.3 Cr, amidst supply disruptions. Full-year FY26 standalone revenue grew 4.1% to ₹1,330.1 Cr, and PAT increased 4.0% to ₹149.8 Cr, reflecting modest growth from normalizing competition. The company maintains industry-leading gross margins, reaching 48.6% in Q4.

Strategic focus areas include product innovation, geographic expansion into Tier 1-4 cities, and capacity augmentation. The new Jodhpur water-based plant (90,000 KLPA) expects trial production in June 2026, while solvent and putty plants are already operational. Digital outreach and 16 Colour Canvas Stores enhance brand presence. Apple Chemie, a key adjacency, is growing robustly with its Nagpur sealant plant operational and targets 30%+ growth in FY27.

Management expects continued double-digit gross revenue growth. Raw material price surges in March 2026 led to industry-wide price hikes of about 12%. Despite an aggressive growth path potentially affecting gross margins, EBITDA margins are expected to remain intact. The Board also proposed a dividend of ₹5.0 per share.