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Indigo Paints Limited Q2 FY27 results deck summary

NSE: INDIGOPNTS · BSE: 543258

Results deck of 30 Oct 2026, summarised by AI from the filing.

Standalone revenue ₹340.5 cr, up 14.1% YoY, but EBITDA ₹30.3 cr at 8.9% margin and PAT ₹13.8 cr, down 45.9% YoY.

Key takeaways

  1. Q2 FY27 result Standalone revenue ₹340.5 cr, up 14.1% YoY, but EBITDA ₹30.3 cr at 8.9% margin and PAT ₹13.8 cr, down 45.9% YoY.
  2. Dealer network Active dealers reached 19,730 and depots 56, supporting the expected H2 FY27 growth revival.
  3. Margin risk High-cost raw material inventory and higher A&P spend weighed on profitability, with Apple Chemie margins also constrained by rising raw material costs.

Original filing on BSE

Indigo Paints Limited Q2 FY27 results

As filed: Revenue ₹359 cr (+15% year on year), EBITDA ₹31.0 cr (−34% year on year), PAT ₹13.4 cr (−46% year on year), EBITDA margin 8.6% (−643 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹370 cr (+20% year on year), EBITDA ₹62.0 cr (+38% year on year), PAT ₹41.7 cr (+60% year on year), EBITDA margin 16.8% (+221 bps). Score 85 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 221 bps year on year. Revenue fell 13% from last quarter. Share price after the results: −3.6% in 29 days (Nifty 500: −3.3%).
  • Q4 FY26: Revenue ₹425 cr (+10% year on year), EBITDA ₹95.6 cr (+9% year on year), PAT ₹59.2 cr (+4% year on year), EBITDA margin 22.5% (−21 bps). Score 66 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were above it. EBITDA margin fell 21 bps year on year. Share price after the results: +2.2% in 28 days (Nifty 500: +2.2%).
  • Q3 FY26: Revenue ₹359 cr (+5% year on year), EBITDA ₹68.3 cr (+18% year on year), PAT ₹37.1 cr (+25% year on year), EBITDA margin 19.1% (+214 bps). Score 81 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were well above it. EBITDA margin rose 214 bps year on year. Share price after the results: −19.1% in 28 days (Nifty 500: −8.2%).
  • Q2 FY26: Revenue ₹312 cr (+4% year on year), EBITDA ₹47.0 cr (+12% year on year), PAT ₹25.0 cr (+14% year on year), EBITDA margin 15.1% (+106 bps). Score 77 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well above it. EBITDA margin rose 106 bps year on year. Profit fell 4% from last quarter. Share price after the results: +24.7% in 29 days (Nifty 500: +1.4%).
  • Q1 FY26: Revenue ₹309 cr (−1% year on year), EBITDA ₹45.0 cr (−6% year on year), PAT ₹26.0 cr (−4% year on year), EBITDA margin 14.6% (−87 bps). Score 34 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 87 bps year on year. Revenue fell 20% from last quarter. Share price after the results: −5.3% in 29 days (Nifty 500: +0.6%).
  • Q4 FY25: Revenue ₹388 cr (+1% year on year), EBITDA ₹88.0 cr (+4% year on year), PAT ₹57.0 cr (+6% year on year), EBITDA margin 22.7% (+60 bps). Score 38 of 100, Below trend. EBITDA margin rose 60 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +13.9% in 30 days (Nifty 500: +2.3%).
  • Q3 FY25: Revenue ₹343 cr (−3% year on year), EBITDA ₹58.0 cr (−8% year on year), PAT ₹36.0 cr (−5% year on year), EBITDA margin 16.9% (−89 bps). Score 25 of 100, Below trend. EBITDA margin fell 89 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Indigo Paints Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.