Board Meeting Details

The Board of Directors meeting was held on August 13, 2026, commencing at 1:50 PM IST and concluding at 4:15 PM IST. The meeting approved the Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026.

Financial Results - Standalone (INR lakhs)

Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from operations: ₹35,004.54
  • Other income: ₹985.25
  • Total income: ₹35,989.79
  • Profit before tax: ₹5,692.93
  • Tax expense: ₹1,456.40 (Current tax: ₹1,252.44, Deferred tax: ₹203.96)
  • Net profit: ₹4,236.53
  • Earnings per share (Basic): ₹8.89
  • Earnings per share (Diluted): ₹8.89
  • Paid-up equity share capital: ₹4,767.57 (Face value ₹10 each)

Comparative Standalone Performance

  • Q1 FY26 (Jun 30, 2025): Revenue ₹29,485.22, Net profit ₹2,635.73
  • Q4 FY26 (Mar 31, 2026): Revenue ₹39,791.28, Net profit ₹5,733.71
  • Full Year FY26: Revenue ₹1,33,011.82, Net profit ₹14,538.78

Financial Results - Consolidated (INR lakhs)

Subsidiary Performance (Apple Chemie India Private Limited)

  • 51% holding by Indigo Paints Limited
  • Q1 FY27 total revenues: ₹1,968.62
  • Q1 FY27 net loss after tax: ₹9.47
  • Q1 FY27 total comprehensive loss: ₹6.90

Press Release Highlights - Standalone

  • Net Revenue from Operations: ₹350.0 crores (18.7% YoY growth)
  • EBITDA (excluding other income): ₹61.9 crores (42.0% YoY growth)
  • Net profit: ₹42.4 crores (60.7% YoY growth)
  • Gross Margin: 45.3%
  • EBITDA Margin: 17.7% (vs 14.8% in Q1 FY26)
  • PAT Margin: 11.8% (vs 8.8% in Q1 FY26)

Press Release Highlights - Consolidated

  • Net Revenue from Operations: ₹369.7 crores (19.7% YoY growth)
  • EBITDA (excluding other income): ₹62.0 crores (40.0% YoY growth)
  • Net profit: ₹41.7 crores (60.0% YoY growth)
  • EBITDA Margin: 16.8%
  • PAT Margin: 11.0%
  • Subsidiary Apple Chemie recorded 40.1% growth during the period

Exceptional Items

Effective November 21, 2025, the Government of India introduced New Labour Codes requiring recognition of past service cost under Ind AS 19. The Company disclosed an incremental impact of ₹585.33 lakhs in standalone financial results for year ended March 31, 2026, presented as an Exceptional Item due to its regulatory-driven and non-recurring nature.

Auditor Review

The financial results were reviewed by Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016) who issued an unmodified conclusion. The subsidiary's results were reviewed by another auditor with an unmodified report.

Business Segment

The Group is engaged in manufacturing and selling of paints and allied products, considered a single reportable operating segment under Ind AS 108 - Segment Reporting.

Additional Information

The figures for the quarter ended March 31, 2026 are balancing figures between audited full-year figures and unaudited year-to-date figures up to December 31, 2025. Full financial results are available on the company website www.indigopaints.com and with stock exchanges.