Indigo Paints Ltd · NSE:INDIGOPNTS
Indigo Paints — Q3 FY2023 Earnings Presentation
19 slides from Indigo Paints's earnings presentation, Feb 12, 2023
Slide 1: Intimation to exchanges for revised investor presentation
A INDIGO Be surprised! Date: February 12, 2023 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 S
Slide 2: Indigo Paints Ltd Investor Presentation (Q3 FY23)
INDIGO Paints Ltd Investor Presentation (Q3 FY 23) / guy INDISO
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 Ee ers LKR ee QR Financials Q3 FY23/ 9M FY23
Slide 5: Introduction
Introduction ¢ The revenue growth in Q3 FY23 was 5.95%. The muted growth was primarily due to the delayed withdrawal of monsoon coupled with early Diwali, which dented the sales in Oct-22. However, sales growth rebounded in Nov-22 and Dec-22 ¢ No price hike was effected in the quarter as the inflati
Slide 6: Indigo Paints Q3 FY23 financials
Indigo Paints | Q3 FY 23 financials Statement of unaudited financial results for the quarter and nine months ended December 31, 2022 (All amounts in rupees lakhs, unless otherwise stated) Quarter ended Sr. No Particulars Dec 31, 2022 |Sep 30, 2022 |Dec 31, 2021 (Unaudited) |(Unaudited) |(Unaudited)
Slide 7: Indigo Paints 9M FY23 financials
Indigo Paints | 9M FY 28 financials Statement of unaudited financial results for the quarter and nine months ended December 31, 2022 (All amounts in rupees lakhs, unless otherwise stated) Nine months ended Year ended Sr. No Particulars Dec 31, 2022 |Dec 31, 2021 |Mar 31, 2022 (Unaudited) |(Unaudited
Slide 8: Q3 FY23 financial analysis
Indigo Paints | Q3 FY 23 financial Analysis Quarterly Financial Highlight RS. Cr Quarterly % Change Particulars Q3 Q2 Q3 (Rs. Crs) FY 23 FY 23 FY 22 Operational Income 281.27 242.61 265.46 5.95% Other Income 3.78 3.19 2.31 Total 285.04 245.80 267.78 Gross Profit 123.26 101.21 113.85 Gross Margin % 4
Slide 9: Analysis | Q3 FY23
Analysis | Q3 FY23 ° Q3 FY 23 Operational Income has expanded by 5.95% over Q3 FY 22 from Rs. 265.46 Cr to Rs.281.27 Cr ¢ Gross Margins expanded to 43.82% in Q3 FY23 over 42.89% in Q3 FY22 ¢ EBITDA and PAT have expanded by 4.86 % and 8.06% respectively over Q3 FY22 ¢ EBITDA margin is largely flat at
Slide 10: 9M FY23 financial analysis
Indigo Paints | 9M FY 283 financial Analysis 9M Financial Highlight RS. Cr Nine Months Ended % Change Particulars 9M 9M FY 23 FY 22 Operational Income 747.86 617.60 21.09% Other Income 7.25 8.39 Total 755.12 625.98 Gross Profit 325.70 266.70 Gross Margin % 43.55% 43.18% EBITDA 109.80 82.22 33.56% EB
Slide 11: Analysis | 9M FY23
Analysis | 9M FY23 ¢ 9M FY 23 Operational Income has expanded by 21.09% to Rs. 747.86 Cr from Rs. 617.60 Cr clocked in 9M FY22. ¢ Gross Margins improved to 43.55% y-o-y over 9M FY22 from 43.18% ¢ EBITDA and PAT have expanded by 33.56% and 68.34% respectively over 9M FY22 ¢ EBITDA margin has sharply
Slide 12: Analysis
Analysis ¢ Sales was impacted in October due to early Diwali and prolonged festive holidays which was further accentuated by delayed monsoon withdrawal ¢ Due to declining raw material prices, the Company has been more aggressive in offering trade discounts; despite higher discounts, the Company has
Slide 13: Value / Volume Growth (Q3 FY23 vs Q3 FY22)
Value / Volume Growth (Q3 FY 23 vs Q3 FY 22) Product Category oer oon Cement Paints + Putty 42.3% 34.8% Emulsions 3.3% -4.3% Enamels + Wood Coatings 14.6% 4.7% Primers + Distempers + Others 5.5% 1.3%
Slide 14: Value / Volume Growth (9M FY23 vs 9M FY22)
Value / Volume Growth (9M FY 23 vs 9M FY 22) Product Category oer oon Cement Paints + Putty 28.1% 18.9% Emulsions 22.8% 6.2% Enamels + Wood Coatings 31.6% 16.0% Primers + Distempers + Others 17.2% 6.3%
Slide 15: Analysis (Value/Volume growth)
Analysis (Value/Volume growth) ¢ Due to several rounds of price increases compared to the corresponding period of the previous year, the value growth in each category is higher than volume growth. Going forward with the normalized base, both value and volume growth are expected to be in tandem ¢ Com
Slide 16: Network expansion
Network expansion 31.03.21 30.06.21 30.09.21 31.12.21 31.03.22 30.06.22 30.09.22 31.12.22 No. of Depots 44 44 44 45 47 47 47 47 Active Dealers 13,214 13,884 14,716 15,242 15,787 16,526 16,758 16,785 Tinting m/c 5,472 5,800 6,383 6,749 7,101 7,435 7,/16 7,978
Slide 17: Network expansion
Network expansion >) > TM in 750 Cities Total TM ‘% TM in 750 Cities As on 31.03.2022 1,741 7,101 24.5% Addition in 9M 317 8/7 36.1% As on 31.12.2022 2,058 7,978 29.8% ¢ More than 50% of Tinting machines are now being installed in the larger cities, as compared to a cumulative population of < 25% ti
Slide 18: Future guidance
Future guidance ¢ Traditionally, Q4 has always been the strongest quarter for the Company in terms of Sales, Profits and Profit margins; we expect the same trend to continue this year ¢ Leveraging on industry leading gross margins, focus is to accelerate growth while improving product mix and improv
Slide 19: Thank You
Thank You / gan BY INDIGO 18 I SD ee