Indigo Paints Ltd · NSE:INDIGOPNTS
Indigo Paints — Q1 FY26 Earnings Presentation
29 slides from Indigo Paints's earnings presentation, Aug 7, 2025
Slide 1: Intimation under Regulation 30 - Investor Presentation
Date: August 7, 2025 To, To BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai -400051 Scrip Code: 543258 NSE Symb
Slide 2: Indigo Paints Ltd Investor Presentation (Q1 FY26)
INDIGO Paints Ltd Investor Presentation (Q1 FY26)
Slide 3: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of Indigo Paints Ltd (“Indigo”) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be
Slide 4: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 3 3
Slide 5: Initial signs of growth affected by early monsoon disruption
Financial KPIs Growth drivers update Initial Signs of growth affected by early monsoon disruption Standalone | Q1 FY26 Rs. 294.9 Cr 46.1% 14.8% Revenue from Operations Gross Margin % EBITDA Margin % 0.3% YoY Growth EBITDA Rs. 43.6 Cr Maintaining pole position -4.7% YoY Growth 8.8% 6.8% A&P as % of R
Slide 6: Initial signs of growth affected by early monsoon disruption
Financial KPIs Growth drivers update Initial Signs of growth affected by early monsoon disruption 5
Slide 7: Financial Analysis
Financial KPIs Growth drivers update Financial Analysis The company 1 2 Continue to 3 4 5 The PAT% for the The A&P expense The EBITDA% for recorded a 0.3% maintain the as a % of revenue the quarter was quarter was 8.8% rise in revenue, industry leading reduced to 6.8% 14.8% compared to compared to 8
Slide 8: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 7 7
Slide 9: Demand slowdown continued due to early monsoon onset
Financial KPIs Growth drivers update Demand slowdown continued due to early monsoon onset Consolidated 8
Slide 10: Maintaining pole position in terms of Gross Margin%
Financial KPIs Growth drivers update Maintaining pole position in terms of Gross Margin% Indigo Paints Paint companies' average 48.2% 48.9% 47.3% 46.6% 46.6% 46.8% 45.6% 45.9% 41.9% 43.7% 42.5% 41.2% 42.2% 42.0% 41.3% 41.5% 40.4% 41.3% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 S
Slide 11: Financial snapshot for last 5 years
Financial KPIs Growth drivers update Financial snapshot for last 5 years Sales (INR Cr) EBITDA (INR Cr) 238.1 233.5 1,306.1 1340.7 1,073.3 181.5 906.0 136.0 723.3 122.5 308.9 44.3 FY21 FY22 FY23 FY24 FY 25 Q1 FY26 FY21 FY22 FY23 FY24 FY25 Q1 FY26 PAT (INR Cr) RoCE (%) 22.8 20.9 18.8 18.4 19.0 18.4 1
Slide 12: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 11 11
Slide 13: Product category snapshot for Q1 FY26
Financial KPIs Growth drivers update Product category snapshot for Q1 FY26 YoY growth for Q1 FY26 vs. Q1 FY25 Product Value growth (%) Volume growth (%) Putty + Cement Paints -1.5% -4.0% Emulsions -0.9% -5.4% Enamels and wood coatings 11.5% 6.8% Primers + Distempers + Others 6.3% 1.8% 12
Slide 14: Continued network expansion
Financial KPIs Growth drivers update Continued network expansion Active dealers and depots (#) # of depots 49 51 53 53 53 54 54 54 54 • Tinting machines deployed at over 11,300 outlets Active Tinting 8,657 9,114 9,510 9,842 10,210 10,555 10,772 11,000 11,301 m/c 18,718 18,598 18,500 18,556 18,371 18
Slide 15: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 14 14
Slide 16: Future growth drivers – Indigo Paints 2.0 Strategy
Financial Growth KPIs update drivers Future growth drivers – Indigo Paints 2.0 Strategy V. Expansion into adjacencies • Expand into non decorative IV. Brand segment. Foray into & marketing focus adjacencies like construction chemicals & waterproofing. III. Capacity • Ramp up salesforce • Tapping hig
Slide 17: Geographical Expansion | Deepening our Network
Financial Growth KPIs update drivers Geographical Expansion | Deepening our Network 5 Manufacturing plants 28 States 54 Depots 18,556 Active dealers 11,301 Tinting machines Fortifying our presence in Tier 3,4 cities and fast growing in Tier 1,2 cities 16
Slide 18: Capacity Augmentation | Expansion Progress
Financial Growth KPIs update drivers Capacity Augmentation | Expansion Progress Jodhpur Upcoming Plant at Jodhpur • Construction work at the water-based plant (90,000 KLPA capacity) is advancing rapidly, with commissioning anticipated in Q3 FY26 Existing Plants • Installation work progressing at the
Slide 19: Brand Focus | Consistent focus to build a pan-India brand
Financial Growth KPIs update drivers Brand Focus | Consistent focus to build a pan-India brand Advertising & Promotional Spends (INR Cr) As % revenue 12.63% 12.65% 10.65% 9.72% 7.70% 7.36% 6.78% 92.32 88.06 82.7 81.98 79.05 77.06 19.99 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Q1 FY26 • Focus on both ATL
Slide 20: Marketing Focus | Enhancing Digital Outreach & New Advertisements
Financial Growth KPIs update drivers Marketing Focus | Enhancing Digital Outreach & New Advertisements 19
Slide 21: Marketing Focus | Launching experiential centres
Financial Growth KPIs update drivers Marketing Focus | Launching experiential centres 20
Slide 22: Apple Chemie | Growth affected due to early monsoons
Financial Growth KPIs update drivers Apple Chemie | Growth affected due to early monsoons.. • Indigo Paints acquired 51% of Apple Chemie to foray into Construction Chemicals & Water Proofing segment (WPCC) Revenue (INR Cr) • WPCC products for retail channel launched and marketed under Indigo brand (
Slide 23: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 22 22
Slide 24: ESG Updates
ESG Updates Transitioning to renewable Community energy Service - Awaiting regulatory approvals for 330 kW -Unique initiative involving Painters in of solar panels at Kochi Factory “Community service” to undertake painting of Government schools in Tier 2/3 towns 23
Slide 25: ESG Updates | Community Development Initiative
ESG Updates | Community Development Initiative 24
Slide 26: CSR
CSR Health benefit program Education of Healthcare for the SkillUp Program for the Painter underprivileged girls underprivileged Community Education assistance & Continuing to provide Extended the health benefit A new initiative to empower career guidance healthcare for the program to painter commun
Slide 27: Contents
Contents ▪ Financial Update - Standalone (Q1 FY 26) - Consolidated (Q1 FY 26) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook 26 26
Slide 28: Outlook
Outlook 1 2 3 4 5 In light of a Margins are The A&P expense EBITDA margins Margin positive July, improving as raw for the entire fiscal for FY26 expected improvement gradual material prices is expected to to improve with anticipated in improvement is continue to decline marginally improvement in App
Slide 29: Thank You
a INDIGO Be surprised! Thank You 28