Indigo Paints Ltd · NSE:INDIGOPNTS
Indigo Paints — Q1 FY2024 Earnings Presentation
18 slides from Indigo Paints's earnings presentation, Aug 7, 2023
Slide 1: Intimation under Regulation 30 - Investor Presentation
August 07, 2023 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 SYMBOL:
Slide 2: Investor Presentation (Q1FY24)
INDIGO Paints Ltd Investor Presentation (Q1FY 24) 1
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 Corporate Update Financials (Q1 FY24) 3
Slide 5: Agenda for discussion
Agenda for discussion Corporate Update 4
Slide 6: Corporate Update
Corporate Update • Sales grew at more than 3x the industry growth rate • Company’s special focus on Tier 1,2 cities along with various initiatives aided the growth in sales • Company continued its advertising spends as part of its long term brand building strategy and had launched a campaign to prom
Slide 7: Agenda for discussion
Agenda for discussion Financials (Q1 FY24) 6
Slide 8: Q1 FY24 financials (Standalone)
Indigo Paints | Q1 FY 24 financials (Standalone) Statement of unaudited standalone financial results for the quarter ended June 30, 2023 (All amounts in rupees lakhs, unless otherwise stated) Quarter ended Year ended Sl. No Particulars Jun 30, 2023 Mar 31, 2023 Jun 30, 2022 Mar 31, 2023 (Unaudited)
Slide 9: Q1 FY24 financials (Consolidated)
Indigo Paints | Q1 FY 24 financials (Consolidated) Statement of unaudited consolidated financial results for the quarter ended June 30, 2023 (All amounts in rupees lakhs, unless otherwise stated) Quarter ended Year ended Jun 30, 2023 Mar 31, 2023 Jun 30, 2022 Mar 31, 2023 Sl. No Particulars (Unaudit
Slide 10: Q1 FY24 financial Analysis (Standalone)
Indigo Paints | Q1 FY 24 financial Analysis Quarterly Financial Highlight (Standalone) RS. Cr Quarterly % Change Particulars Q1 Q4 Q1 (Rs. Crs) FY 24 FY 23 FY 23 Operational Income 277.02 325.47 223.99 23.67% Other Income 3.52 2.81 0.49 Total 280.54 328.28 224.48 Gross Profit 131.80 152.39 101.22 Gr
Slide 11: Analysis | Q1 FY24 (Standalone)
Analysis | Q1 FY24 (Standalone) • Q1 FY 24 Operational Income has expanded by 23.67% over Q1 FY 23, from Rs. 223.99 Cr to Rs.277.02 Cr • Gross Margins expanded to 47.58% in Q1 FY24 over 45.19% in Q1 FY23 and 46.82% in Q4FY23 • EBITDA and PAT have expanded by 35.31 % and 57.15% respectively over Q1 F
Slide 12: Analysis | Q1 FY24 (Standalone)
Analysis | Q1 FY24 (Standalone) • Growth in Net revenue for the quarter at 3.0x - 3.5x the industry growth of 6.5% - 7.0% . • Gross margin continues to be the highest in the industry at 47.58%. Expecting the gross margins to hover at high level for the rest of the year. • Company continues to focus
Slide 13: Q1 FY24 financial Analysis (Consolidated)
Indigo Paints | Q1 FY 24 financial Analysis Quarterly Financial Highlight (Consolidated) RS. Cr Quarterly % Change Particulars Q1 Q4 Q1 (Rs. Crs) FY 24 FY 23 FY 23 Operational Income 288.42 325.47 223.99 28.76% Other Income 3.82 2.81 0.49 Total 292.24 328.28 224.48 Gross Profit 136.50 152.39 101.22
Slide 14: Analysis | Q1 FY24 (Consolidated)
Analysis | Q1 FY24 (Consolidated) • Subsequent to the acquisition of 51% of Apple Chemie, Company is now presenting the consolidated financials in addition to the standalone financials • On consolidated basis: - Sales growth was 28.76% on y-o-y basis - Gross Margin at 47.33% compared to 45.19% in Q1
Slide 15: Value / Volume Growth (Q1 FY24 vs Q1 FY23)
Value / Volume Growth (Q1 FY 24 vs Q1 FY 23) Value Volume Product Category Growth Growth Cement Paints + Putty 65.8% 64.6% Emulsions 17.8% 13.1% Enamels + Wood Coatings 36.6% 35.3% Primers + Distempers + Others 43.6% 52.4% 14
Slide 16: Network expansion
Network expansion 30.06.21 30.09.21 31.12.21 31.03.22 30.06.22 30.09.22 31.12.22 31.03.23 31.06.23 No. of Depots 44 44 45 47 47 47 47 47 49 Active Dealers 13,884 14,716 15,242 15,787 16,526 16,758 16,785 16,496 16,693 Tinting m/c 5,800 6,383 6,749 7,101 7,435 7,716 7,978 8,273 8,657 • Added two more
Slide 17: Future guidance
Future guidance • Expecting the sales growth to outpace the industry growth in the upcoming quarters as well; Sales during July’23 has been exceptionally good • Sales growth in Tier-1,2 cities ahead of Tier-3,4, rural and expect the trend to continue • On the B2B front, Apple Chemie has started expa
Slide 18: Thank You
Thank You INDIGO