Indigo Paints Ltd · NSE:INDIGOPNTS
Indigo Paints — Q2 FY23 Earnings Presentation
17 slides from Indigo Paints's earnings presentation, Nov 3, 2022
Slide 1: Intimation under Regulation 30 for Investor Presentation
AN INDIGO Be surprised! Date: November 03, 2022 To, To BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25” Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai - 400051
Slide 2: Indigo Paints Ltd Investor Presentation (Q2 FY23)
INDIGO Paints Ltd Investor Presentation (Q2 FY 23) / guy INDIGO
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: Agenda for discussion
Agenda for discussion Eee KEK Le Financials Q2 FY23/ H1 FY23
Slide 5: Introduction
Introduction Company clocked a strong growth in revenue with a sharp uptick in profit metrics despite the extended monsoon season Periodic and incremental price hikes effected in few selected products in line with the industry. otrategy 2.0: Good traction in sales in Tier-1 and Tier-2 cities; indust
Slide 6: Indigo Paints | Q2 FY23 financials
Indigo Paints | Q2 FY 23 financials Statement of unaudited financial results for the quarter and six months ended September 30, 2022 (All amounts in rupees lakhs, unless otherwise stated) Quarter ended Sr. No Particulars Sep 30, 2022 Jun 30, 2022 | Sep 30, 2021 (Unaudited) (Unaudited) | (Unaudited)
Slide 7: Indigo Paints | H1 FY23 financials
Indigo Paints | H1 FY 23 financials Statement of unaudited financial results for the quarter and six months ended September 30, 2022 (All amounts in rupees lakhs, unless otherwise stated) Six months ended Year ended Sr. No Particulars Sep 30, 2022 | Sep 30, 2021 | Mar 31, 2022 (Unaudited) | (Unaudit
Slide 8: Indigo Paints | Q2 FY23 financial Analysis
Indigo Paints | Q2 FY 23 financial Analysis Quarterly Financial Highlight RS. Cr Quarterly cannon % Change Particulars : Q2 | Ql Q2_ (Rs. Crs) FY 23| FY 23 FY 22 Operational Income 242.61 | 223.99 196.11 | 23.71% Other Income 3.19 | 0.49 3.05 Total 245.80. 224.48 199.16 | Gross Profit 101.21 | 101.2
Slide 9: Indigo Paints | H1 FY23 financial Analysis
Indigo Paints | H1 FY 23 financial Analysis Half Yearly Financial Highlight RS. Cr Six Months Ended % Change Particulars H1 H1 (Rs. Crs) FY 23 FY 22 Operational Income 466.60 352.13 32.51% Other Income 3.67 6.07 Total 470.27 358.21 Gross Profit 202.43 152.85 Gross Margin % 43.39% 43.41% A&P 35.74 31
Slide 10: Analysis | Q2 FY23
Analysis | Q2 FY23 ¢ Q2 FY 23 Operational Income has expanded by 23./1% over Q2 FY 22 from Rs. 196.11 Cr to Rs.242.61 Cr ¢ Gross Margins maintained at 41./2% y-o-y over Q2 FY22 despite change in product mix due to extended monsoons ¢ EBITDA and PAT have expanded by 44.47% and 1/3./5% respectively ov
Slide 11: Analysis | H1 FY23
Analysis | H1 FY23 ¢ H1 FY 23 Operational Income has expanded by 32.51% over H1 FY 22 from Rs. 352.13 Cr to Rs.466.60 Cr ¢ Gross Margins largely flat at 43.39% y-o-y over H1 FY22 despite change in product mix due to extended monsoons ¢ The A&P expense have increased by 13.56% over H1 FY22 ¢ EBITDA a
Slide 12: Analysis
Analysis ¢ The seasonally low demand quarter usually characterized by inferior product mix was further accentuated by excessive rains in select states and extended monsoons across the country which impacted the sales of products for exterior applications in general ¢ In line with brand building stra
Slide 13: Value / Volume Growth (Q2 FY23 vs Q2 FY22)
Value / Volume Growth (Q2 FY 23 vs Q2 FY 22) Value Volume Product Category Growth Growth Cement Paints + Putty 16.3% 6.2% Emulsions 17.4% -4.2% Enamels + Wood Coatings 46.9% 28.8% Primers + Distempers + Others 22.4% 13.1% 12
Slide 14: Analysis (Value/Volume growth)
Analysis (Value/Volume growth} ¢ Analysis of Volume growth and Value growth across broad categories of decorative paints are shown, as we feel that overall volume growth numbers do not reveal much. ¢ Due to several rounds of price increases compared to the corresponding period of the previous year,
Slide 15: Network expansion
Network expansion 31.03.21, 30.06.21 30.09.21 i 31.03.22 30.06.22 30.09.22 No. of Depots 44 44 44 45 4/ 47 4/ Active Dealers 13,214 13,884 14,716 15,242 15,/87 16,526 16,/58 Tinting m/c 9,4/2 9,800 6,383 6,749 7,101 1,435 7,116 Ay | 14
Slide 16: Future guidance
Future guidance ¢ With comfortable margins and stabilizing raw material prices, the future focus will be on aggressively increasing growth. ¢ Strategy on increasing the presence in the Tier-1 and Tier-2 cities are showing good results and is expected to yield rich results in the upcoming Quarters. ¢
Slide 17: Thank You
Thank You / gan ay INDIGO 16 I SD ee