Indigo Paints

Indigo Paints reported Q3 FY26 standalone revenue of ₹338.9 croreCurrent reported value: ₹338.9 crore. No comparable prior figure is available in the source record., up 3.5% YoYCurrent reported value: 3.5% YoY. No comparable prior figure is available in the source record., with EBITDA margin expanding 190 bps to 19.4%Current reported value: 190 bps to 19.4%. No comparable prior figure is available in the source record. driven by premium mix shift and cost controls. PAT (ex-exceptional) grew 11.2% to ₹40.5 croreCurrent reported value: 11.2% to ₹40.5 crore. No comparable prior figure is available in the source record.. Volume growth was led by enamels (+20.2%) and waterproofing (now 7%Current 7%. Reported change: +7pp vs 2 years ago. of sales), while emulsions saw a slight volume dip. Management highlighted three consecutive months of double-digit value growth (Nov–Jan) and expects this momentum to sustain into Q4. The new Jodhpur water-based plant is delayed to June 2026, but existing capacity is sufficient. Key risk: demand recovery may falter if macroeconomic headwinds persist or competitive intensity from new entrants escalates.