INDIGOPNTS
1 call
Concalls & earnings callsIndigo Paints Limited
Every summarised call, newest first. Latest is Q1 FY27, held 14 Aug 2026.
Latest quarter
Q1 FY27 snapshot
Open full brief →Indigo Paints posted first double-digit revenue quarter in almost two years with volume growth across all categories and a four-year high Q1 EBITDA margin, while closing its major capex cycle and pivoting to more aggressive top-line investment.
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Standalone revenue from operations | ₹350 Cr | growth of 18.7% | |
| Standalone EBITDA | ₹61.9 Cr | growth of 42% | |
| Standalone EBITDA margin | 17.7% | from 14.8% to 17.7% | |
| Standalone PAT | ₹42.4 Cr | growth of 60.7% |
Latest guidance
- Pursue accelerated top line growth even if at marginal cost to bottom line, with more aggressive spends on trade and influencer engagement in Q2
- Maintain full-year brand investment commitment and assess A&P intensity on an annual basis after strategic timeout from IPL advertising in Q1
- Expect trial production at Jodhpur water-based plant in the second half of August ahead of festive season, with no significant capex requirements for the next 3 years
- Expect Apple Chemie gross margins to improve through the second quarter and return to normal level by Q3, and propose to acquire a further 11% stake to take holding up to 62%
- No business case for further price increases as of now; possible price drop post Diwali if input prices stabilize with offsetting reduction in trade discounts
- Launch phased range of two-pack polyurethane wood coatings during September and October
Said on the Q1 FY27 call.
Filed results
Reported quarterly history
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹342.62 Cr-3.2% YoY+14.4% QoQ | ₹35.85 Cr-4.5% YoY+61.1% QoQ | ₹7.56-3.3% YoY+58.8% QoQ |
| Q2 FY25 | ₹299.53 Cr+7.4% YoY-3.7% QoQ | ₹22.26 Cr-12.1% YoY-16.5% QoQ | ₹4.76-10.7% YoY-13.5% QoQ |
| Q1 FY25 | ₹310.96 Cr+7.8% YoY-19.2% QoQ | ₹26.65 Cr-15.5% YoY-51% QoQ | ₹5.50-15.6% YoY-51.2% QoQ |
| Q4 FY24 | ₹384.88 Cr— YoY+8.8% QoQ | ₹54.44 Cr— YoY+45% QoQ | ₹11.28— YoY+44.2% QoQ |
| Q3 FY24 | ₹353.77 Cr— YoY+26.8% QoQ | ₹37.55 Cr— YoY+48.3% QoQ | ₹7.82— YoY+46.7% QoQ |
Call history
- Q1 FY27Positive tone
Indigo Paints posted first double-digit revenue quarter in almost two years with volume growth across all categories and a four-year high Q1 EBITDA margin, while closing its major capex cycle and pivoting to more aggressive top-line investment.
- Standalone revenue from operations
- ₹350 Crgrowth of 18.7%
- Standalone EBITDA
- ₹61.9 Crgrowth of 42%