Indigo Paints Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a substantial 60.7% increase in net profit, reaching ₹42.4 crores, compared to the same quarter last year. This growth was driven by a strong performance in revenue from operations, which saw an 18.7% increase to ₹350.0 crores.
Indigo Paints Reports Robust Q1 FY27 Financials
Indigo Paints Limited has declared its unaudited financial results for the first quarter of the fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company showcased significant financial growth, with net profit soaring by 60.7% to ₹42.4 crores, up from ₹26.4 crores in the corresponding quarter of the previous year. This impressive profit increase was underpinned by a healthy rise in revenue.
Key Financial Highlights (Standalone)
Revenue and Profitability Surge
On a standalone basis, Net Revenue from Operations for Q1 FY27 reached ₹350.0 crores, marking an 18.7% increase over the ₹294.9 crores reported in Q1 FY26. The company’s EBITDA (excluding other income) also saw a considerable uplift, growing by 42.0% to ₹61.9 crores from ₹43.6 crores in the prior year’s quarter. This performance highlights strong operational efficiency and market demand.
Margin Expansion
Indigo Paints maintained a strong market position, achieving an industry-leading growth of 18.7%. The company reported a healthy Gross Margin of 45.3%, despite prevailing supply chain challenges. Furthermore, the EBITDA Margin expanded to 17.7% in Q1 FY27 from 14.8% in Q1 FY26. The Profit After Tax (PAT) margin also improved significantly, rising from 8.8% in Q1 FY26 to 11.8% in Q1 FY27, partly attributed to mark-to-market gains in treasury income.
Consolidated Performance
The consolidated results also reflect positive momentum. Net Revenue from Operations for the consolidated entity grew by 19.7% to ₹369.7 crores in Q1 FY27, compared to ₹308.9 crores in Q1 FY26. Consolidated EBITDA stood at ₹62.0 crores, a 40.0% increase year-on-year. The consolidated net profit for the quarter was ₹41.7 crores, up 60.0% from ₹26.1 crores in Q1 FY26. The company’s subsidiary, Apple Chemie Pvt Ltd, also demonstrated robust growth of 40.1%.
Despite some margin headwinds due to rising raw material costs and inventory buildup, the overall performance indicates a positive trajectory for Indigo Paints in the current fiscal year.
Source: BSE
