Indigo Paints Limited announced its financial results for the quarter and half-year ended September 30, 2026. Consolidated revenue from operations for the second quarter rose by 15.0% to ₹358.8 crores. For the half-year, consolidated revenue increased by 17.3% to ₹728.4 crores. The company also provided highlights on EBITDA and net profit for both periods, noting varied performance trends.
Indigo Paints Reports Strong Revenue Growth in Q2 FY27
Indigo Paints Limited has released its financial results for the quarter and half-year ended September 30, 2026. The company demonstrated robust revenue growth across both periods, driven by strong performance at its subsidiary, Apple Chemie Pvt Ltd.
Standalone Quarterly Highlights (Q2 FY27)
- Net Revenue from Operations: ₹340.5 crores, an increase of 14.1% compared to the corresponding quarter of the previous year.
- EBIDTA (excluding other income): ₹30.3 crores, a decrease of 33.8% year-on-year.
- Net Profit: ₹13.8 crores, a decrease of 45.9% compared to the prior year’s quarter.
The company attributed the healthy revenue growth to a favourable product mix and raw material cost headwinds, which impacted gross margins. Consequently, the EBITDA Margin and PAT Margin saw a contraction.
Consolidated Quarterly Highlights (Q2 FY27)
- Net Revenue from Operations: ₹358.8 crores, an increase of 15.0% over the corresponding quarter of the previous year.
- EBIDTA (excluding other income): ₹31.0 crores, a decrease of 33.5% year-on-year.
- Net Profit: ₹13.4 crores, a decrease of 47.0% compared to the previous year’s quarter.
The consolidated revenue growth of 15.0% was significantly bolstered by a 35.3% growth from its subsidiary, Apple Chemie Pvt Ltd.
Standalone Half-Year Highlights (H1 FY27)
- Net Revenue from Operations: ₹690.5 crores, an increase of 16.4% over the corresponding period of the last year.
- EBIDTA (excluding other income): ₹92.3 crores, an increase of 3.2% year-on-year.
- Net Profit: ₹56.2 crores, an increase of 8.3% over the corresponding period last year.
On a standalone basis, the Gross Margins were registered at 41.9%, with EBITDA and PAT margins at 13.4% and 8.0% respectively.
Consolidated Half-Year Highlights (H1 FY27)
- Net Revenue from Operations: ₹728.4 crores, an increase of 17.3% over the corresponding period last year.
- EBIDTA (excluding other income): ₹93.0 crores, an increase of 2.4% year-on-year.
- Net Profit: ₹55.1 crores, an increase of 7.4% over the corresponding period last year.
Consolidated EBITDA and PAT margins for the half-year period were 12.8% and 7.4% respectively.
Financial Overview
The detailed financial statements, including the Statement of Assets and Liabilities and the Statement of Cash Flows for the periods ended September 30, 2026, have been provided. The company operates as a single reportable segment engaged in the manufacturing and selling of paints and allied products.
Source: BSE
