Indigo Paints Limited has released its investor presentation for the second quarter and first half of fiscal year 2027. The report details the company’s financial performance, including revenue from operations, gross margin, EBITDA margin, and PAT margin for both standalone and consolidated segments. Key figures show revenue growth of 14.1% YoY for Q2 FY27 and 16.4% YoY for H1 FY27 on a standalone basis.
Indigo Paints Investor Presentation: Q2 & H1 FY27 Financials
Indigo Paints Limited has submitted an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026 (Q2 FY27 & H1 FY27). The presentation highlights key financial metrics and operational performance.
Standalone Financial Highlights (Q2 FY27)
- Revenue from Operations: Rs. 340.5 Cr, showing a 14.1% YoY Growth.
- Gross Margin %: 38.5%, compared to 45.1% in Q2 FY26.
- EBITDA Margin %: 8.9%, with EBITDA at Rs. 30.3 Cr, reflecting a -33.8% YoY Growth.
- PAT Margin %: 4.0%, with PAT at Rs. 13.8 Cr, a -45.9% YoY Growth.
- A&P as % of Revenue from Ops: 5.4%, a YoY increase from 5.3%.
Standalone Financial Highlights (H1 FY27)
- Revenue from Operations: Rs. 690.5 Cr, showing a 16.4% YoY Growth.
- Gross Margin %: 41.9%, compared to 45.6% in H1 FY26.
- EBITDA Margin %: 13.4%, with EBITDA at Rs. 92.3 Cr, a 3.2% YoY Growth.
- PAT Margin %: 8.0%, with PAT at Rs. 56.2 Cr, an 8.3% YoY Growth.
- A&P as % of Revenue from Ops: 4.8%, a YoY decrease from 6.0%.
Consolidated Financial Performance
- Sales (INR Cr): Q2 FY27 saw sales of Rs. 358.7 Cr (15.0% YoY Growth), and H1 FY27 reached Rs. 728.4 Cr (17.3% YoY Growth).
- EBITDA (INR Cr): Q2 FY27 EBITDA was Rs. 31.0 Cr (-33.5% YoY Growth), and H1 FY27 was Rs. 93.0 Cr (2.4% YoY Growth).
- PAT (INR Cr): Q2 FY27 PAT stood at Rs. 13.4 Cr (-47.0% YoY Growth), and H1 FY27 PAT was Rs. 55.1 Cr (7.4% YoY Growth).
Key Financial Analysis Points
- For Q2 FY27, gross revenue growth was robust at 18.8%, but an unfavorable product mix led to higher discounts and a net revenue growth of 14.1%.
- Gross margins were impacted by an unfavorable product mix and material cost headwinds from high-cost raw material inventory.
- EBITDA margins for Q2 FY27 were 8.9% versus 15.3% in Q2 FY26, influenced by gross margin erosion and higher A&P spend.
- PAT for Q2 FY27 was 4.0% compared to 8.5% in Q2 FY26, also affected by adverse bond yield movements in other income.
Outlook
- H2 FY27 is anticipated to see improved growth and product mix, driven by a strong dealer network revival.
- EBITDA margins are expected to normalize in Q3 and Q4 FY27, with gross margin improvement anticipated by Q3 FY27.
Source: BSE
