Indigo Paints Q3 FY’26: Margins Drive Earnings Growth

Q3 Highlights (Standalone) • Revenue: ₹338.9 Cr (+3.5% YoY) • EBITDA: ₹65.6 Cr (+14.5% YoY) • EBITDA Margin: 19.4% (vs 17.5%) • PAT (ex one-time item): ₹40.5 Cr (+11.2% YoY) Consolidated Q3 • Revenue: ₹358.8 Cr (+4.7% YoY) • EBITDA: ₹68.3 Cr (+19.5% YoY) • PAT: ₹41.7 Cr (+16.4% YoY) Key Insight Despite a weak October (monsoon & early Diwali impact), strong Nov–Dec recovery and margin expansion supported double-digit profit growth. EBITDA growth outpaced revenue, indicating improved operating efficiency. Learning: Always track margin trends along with revenue to assess real earnings strength.