Indigo Paints Ltd · NSE:INDIGOPNTS
Indigo Paints — Q1 FY23 Earnings Presentation
14 slides from Indigo Paints's earnings presentation, Aug 5, 2022
Slide 1: Regulation 30 intimation to stock exchanges
INDIGO Be surprised! Date: August 05, 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 Scrip
Slide 2: Investor Presentation (Q1 FY23)
INDIGO Paints Ltd Investor Presentation (Q1 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 ebro SE Quarterly Financials (Q1 FY23) ee — ie
Slide 5: Introduction
Introduction ¢ Company clocked a healthy growth in revenue, gross margin as well as operating margins. ¢ Periodic and incremental price hikes effected in few selected products in line with the industry. ¢ Witnessed good sales growth in both Kerala and Rest of India. ¢ Company continued its advertisi
Slide 6: Indigo Paints | Q1 FY23 financials
Indigo Paints | Q1 FY 23 financials Statement of unaudited financial results for the quarter ended June 30, 2022 (All amounts in rupees lakhs, unless otherwise stated) Particulars Quarter ended Year ended SI. No Jun 30, 2022 | Mar 31, 2022 | Jun 30, 2021 | Mar 31, 2022 (Unaudited) (Audited) (Unaudit
Slide 7: Indigo Paints | Q1FY23 financial analysis
Indigo Paints | Q1FY23 financial analysis Quarterly Financial Highlight RS. Cr en Quarterly wenceecenccencneccesceny % Change Particulars Q1: Q4 Q1 Q1 FY 23 vs (Rs. Crs) FY 23: FY 22 FY 22 Q1 FY22 Operational Income 223.99 | 288.38 156.02 43.56% Other Income 0.49 2.51 3.02 Total 224.48 | 290.88 159.
Slide 8: Analysis
Analysis ¢ Q1 FY 23 Operational Income has expanded by 43.56% over Q1 FY 22 from Rs. 156.02 Cr to Rs.223.99 Cr. ¢ With stabilizing raw material prices, Gross Margins have improved on a sequential basis from 43.61 % (Q4 FY 22) to a industry leading 45.19%. The Gross Margin is largely on par with the
Slide 9: Analysis
Analysis ¢ In line with the industry, the Company has been passing on incremental price increases to the consumers in a staggered manner. Raw material prices have largely stabilized, and have started softening. ¢ In FY22, IPL schedule was split between April and September, whereas in this fiscal, IP
Slide 10: Value / Volume Growth (Q1 FY23 vs Q1 FY22)
Value / Volume Growth (Q1 FY 23 vs Q1 FY 22) Product Catevor Value Volume oaue Bory Growth Growth Cement Paints + Putty 22.1% 12.7% Emulsions 65.7% 34.4% Enamels + Wood Coatings 38.1% 15.8% Primers + Distempers + Others 28.0% 2.4% 9
Slide 11: 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, the value growth in each category is higher than volume gr
Slide 12: Network expansion
Network expansion 31.03.21 30.06.21 30.09.21 a 31.03.22 30.06.22 No. of Depots 44 44 44 45 47 47 Active Dealers 13,214 13,884 14,716 15,242 15,/87 16,526 Tinting m/c 9,4/2 9,800 6,383 6,/49 7,101 1,435 11
Slide 13: 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 early indications of traction and are expected to yield rich results in the ne
Slide 14: Thank You
Thank You / gan ay INDIGO 13 I SD ee