Indigo Paints Limited — PPTs, 13-08-2026: Investor Presentation

Indigo Paints reported strong Q1 FY27 standalone results with revenue at Rs 350 Cr, up 18.7% YoY. Profit After Tax (PAT) surged 60.7% to Rs 42.4 Cr, while EBITDA grew 42.0% to Rs 61.9 Cr, driven by robust 17.7% margins from economies of scale and cost optimization. Consolidated revenue stood at Rs 369.7 Cr, EBITDA at Rs 62 Cr, and PAT at Rs 41.7 Cr. The company achieved double-digit value and volume growth across all product categories, maintaining an industry-leading gross margin of 45.3%.

Key growth drivers include its Indigo Paints 2.0 strategy, focusing on product innovation, expanding network (19,382 dealers), and geographic reach across Tier 1-4 cities. Capacity augmentation is ongoing, with trial production at the new Jodhpur water-based plant (90,000 KLPA) expected by month-end. Apple Chemie, its construction chemical subsidiary, posted Q1 revenue of Rs 19.7 Cr, with Indigo planning to increase its stake to 62%.

Management expects to enhance its growth premium, with Apple Chemie's margins improving by Q3 FY27. The company has concluded its capital-intensive phase, anticipating minimal capex through 2029, positioning it for strong cash flow generation and improved shareholder returns. Raw material price volatility is being closely monitored, and disciplined A&P investment continues across digital, BTL, and influencer channels.