Indigo Paints has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a 9.7% growth in consolidated quarterly revenue and recommended a final dividend of Rs. 5.00 per share. Despite the impact of new labour code expenses, the company maintained a strong financial performance, driven by significant contributions from its subsidiary, Apple Chemie.
Financial Performance Highlights
For the quarter ended March 31, 2026, Indigo Paints reported consolidated revenue of Rs. 425.3 crore, representing a 9.7% increase compared to the same period in the previous year. On a standalone basis, quarterly net revenue reached Rs. 397.9 crore. For the full fiscal year FY2026, consolidated net revenue stood at Rs. 1,405.0 crore, while standalone revenue was Rs. 1,330.1 crore.
Profitability and Margins
The company sustained industry-leading margins, with a standalone gross margin of 48.6% during the final quarter. Despite a one-time non-cash charge of Rs. 613.31 lakh (consolidated) due to the new labour code on wages, the company recorded a consolidated annual net profit of Rs. 147.6 crore, reflecting a steady growth trajectory.
Shareholder Value and Strategic Appointments
The Board of Directors has recommended a final dividend of Rs. 5.00 per share (50% of the face value of Rs. 10) for the financial year ended March 31, 2026, subject to shareholder approval. Additionally, the company strengthened its leadership team with the appointment of Mr. Aishwarya Pratap Singh as Chief Business Officer and Mr. Srihari Santhakumar as General Manager (Finance). The company also announced the appointment of DKV & Associates as Internal Auditor and Harshad S Deshpande & Associates as Cost Auditor for FY2026-27.
Source: BSE
