Sudarshan Chemical Industries
Sudarshan Chemical reported a tough Q3 FY26, with the acquired Heubach/Clariant business posting a €38 million EBITDA loss, driven by customer destocking and weak demand in Europe and North America.
Sudarshan Chemical Industries vs Indigo Paints Q3 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
Indigo Paints
Indigo Paints reported Q3 FY26 standalone revenue of ₹338.9 crore, up 3.5% YoY, with EBITDA margin expanding 190 bps to 19.4% driven by premium mix shift and cost controls.
Result Snapshot
Revenue₹2,103 Cr₹359 Cr
PAT₹-116 Cr₹37 Cr
EBITDA Margin—19%
Sentimentbearishbullish
Key Quotes
We expect a 9 to 10 million of a business EBITDA right however we are in a mode now to start reducing our inventories... and that would have an impact on our EBITDA going forward but it will have a very positive impact on cash flow.
After 2 years, this is the first time when for 3 months in a row, November, December and January, we are seeing double-digit growth in value.