Indigo Paints Latest Updates

Financial Performance (Q3 FY26) Profit Growth: The company reported a 16.4% year-on-year increase in consolidated net profit, reaching ₹41.7 crore (excluding exceptional items), up from ₹35.8 crore in the same period last year. Revenue Growth: Consolidated revenue from operations grew by 4.7% to ₹358.8 crore. While growth was steady, it was slightly tempered by the early Diwali and a delayed monsoon withdrawal in October 2025. Margin Expansion: Indigo maintained industry-leading margins, with its EBITDA margin expanding to 19.4% from 17.5% in Q3 FY25. The gross margin remained strong at 47.1%. Exceptional Items: The company recorded a one-time provision of ₹6.13 crore related to increased gratuity liabilities under new Labour Codes. Manufacturing & Capacity Expansion Jodhpur Facility: As of February 2026, the company successfully operationalized its new 12,000 KLPA solvent-based plant in Jodhpur, Rajasthan. Water-Based Plant: A larger 90,000 KLPA water-based plant at the same Jodhpur location is in its final stages and is expected to be commissioned by June 2026. Powder-Based Plant: The company is doubling its powder-based (putty) capacity from 1.38 lakh MTPA to 2.76 lakh MTPA. This expansion is scheduled for completion within February 2026 at an investment of roughly ₹15 crore, funded through internal accruals. Strategic & Operational Updates Subsidiary Growth: Its subsidiary, Apple Chemie India Pvt Ltd, which focuses on construction chemicals and waterproofing, showed strong momentum with a 31.5% growth in the latest quarter. Distribution Network: The company continues to expand its reach, now boasting over 19,134 active dealers and 55 depots across India. Cost Management: Indigo significantly reduced its Advertising & Promotion (A&P) expenses, which dropped to 5.6% of revenue in Q3 FY26 from 8.2% a year ago, contributing to the improved bottom line.