Indigo Paints Q1 FY27 Profit Soars 60% on Strong Sales

Indigo Paints demonstrated a strong financial performance for the first quarter ending June 30, 2026 (Q1 FY27), with consolidated net profit surging by 60% year-on-year.

The company’s net profit reached ₹41.7 crore, a significant rise from ₹26.1 crore recorded in the corresponding quarter of the previous fiscal year. Consolidated revenue from operations also saw a healthy increase.

Key Consolidated Figures

• Consolidated revenue from operations climbed 19.7% to ₹369.7 crore, up from ₹308.9 crore in Q1 FY26.
• EBITDA, excluding other income, grew 40% to ₹62 crore, compared to ₹44.3 crore a year ago.
• The consolidated EBITDA margin expanded to 16.8% from approximately 14.3% in the prior-year quarter.

This robust performance was primarily attributed to strong sales momentum, which saw both value and volumes achieve double-digit growth during the quarter.

Despite facing margin pressures due to higher raw material costs and an inventory build-up, Indigo Paints successfully expanded its margins.

Standalone Performance and Subsidiary Contribution

The company’s subsidiary, Apple Chemie India, also contributed positively to the overall growth, recording an increase of 40.1% during the quarter.

At a standalone level, Indigo Paints reported even stronger results, with revenue increasing by 18.7% to ₹350 crore.

• Standalone net profit jumped by 60.7% to ₹42.4 crore.
• The standalone gross margin remained healthy at 45.3%, even amidst supply-chain disruptions.
• Standalone EBITDA margin expanded to 17.7%.
• The PAT margin improved to 11.8%, partially aided by mark-to-market gains in treasury income.

Indigo Paints concluded that the quarter showcased strong underlying sales momentum and profitability growth that outpaced revenue. The board officially approved these results on August 13, 2026.