Indigo Paints quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	359	312	+15.0%
EBITDA	31.0	46.5	−33.5%
EBITDA margin	8.6%	14.9%	−6.3 pts
Profit before tax	16.7	33.8	−50.7%
Net profit	13.4	25.2	−47.0%
EPS	₹2.80	₹5.27	−46.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	359	370	425	359	312	309	388	343	300	311	385	354	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	2.2	10.2	0.3	3.7	3.0	6.0	6.0	3.1	5.1	4.2	4.2	3.1
	361	380	426	363	315	315	394	346	305	315	389	357
	215	217	201	178	159	169	192	174	156	167	184	185
	10.2	12.2	14.4	13.9	8.0	6.9	7.9	8.3	9.6	6.0	6.8	8.1
	−3.9	−24.6	5.3	−1.0	5.7	−9.2	6.6	0.3	2.6	−6.7	5.8	−10.0
	36.8	36.4	32.8	32.0	31.1	31.0	25.6	28.1	29.7	30.2	23.4	26.4
	0.7	0.6	0.9	0.6	0.7	0.7	1.5	0.6	0.7	0.6	0.5	0.6
	15.7	15.6	15.3	15.0	15.1	14.8	13.2	14.7	15.4	15.2	15.6	14.6
	69.8	66.3	76.0	67.4	62.1	66.4	68.4	74.4	59.7	67.3	80.1	81.9
	344	324	346	306	281	280	315	301	274	279	316	307
	31.0	62.0	95.6	68.3	46.5	44.3	87.4	57.2	41.5	47.4	84.6	62.2
	15.2	46.4	80.3	53.3	31.5	29.5	74.2	42.5	26.1	32.1	69.0	47.6
Profit
	16.7	56.0	79.6	56.5	33.8	34.8	78.7	45.0	30.6	35.7	72.7	50.1
	0.0	0.0	0.0	−6.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	16.7	56.0	79.6	50.3	33.8	34.8	78.7	45.0	30.6	35.7	72.7	50.1
	4.0	12.5	19.0	14.6	7.1	8.0	17.0	11.9	5.8	9.4	16.0	10.7
	−0.8	1.8	1.5	−1.4	1.5	0.7	4.2	−2.7	2.5	−0.3	2.3	1.8
	3.3	14.3	20.4	13.2	8.5	8.7	21.3	9.2	8.3	9.0	18.3	12.5
	13.4	41.7	59.2	37.1	25.2	26.1	57.4	35.8	22.3	26.7	54.4	37.6
	13.4	41.7	59.2	37.1	25.2	26.1	57.4	35.8	22.3	26.7	54.4	37.6
	−0.1	−0.1	0.1	−0.4	−0.0	−0.0	−0.1	0.0	0.0	0.0	0.1	−0.0
	13.3	41.6	59.3	36.7	25.2	26.0	57.3	35.9	22.3	26.7	54.5	37.5
	13.3	—	—	36.4	25.1	25.9	56.9	36.0	22.6	26.2	53.7	37.3
	0.1	—	—	0.8	0.1	0.1	0.5	−0.2	−0.4	0.5	0.8	0.3
Per share
	₹2.80	₹8.76	₹12.10	₹7.63	₹5.27	₹5.44	₹11.94	₹7.56	₹4.76	₹5.50	₹11.28	₹7.82
	₹2.80	₹8.72	₹12.06	₹7.60	₹5.26	₹5.42	₹11.91	₹7.54	₹4.74	₹5.49	₹11.25	₹7.81
Other comprehensive income — detail
	−0.1	−0.1	0.1	−0.4	−0.0	−0.0	−0.1	—	—	—	—	—
	−0.1	−0.1	0.2	−0.5	—	−0.0	−0.2	0.0	—	0.0	0.1	−0.0
	−0.0	−0.0	0.0	−0.1	0.0	−0.0	−0.0	—	—	—	—	—
	—	—	—	—	—	—	—	0.0	−0.0	0.0	0.0	−0.0
	—	—	0.0	0.0	−0.0	—	—	—	—	—	—	—
	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.0
	13.2	—	—	36.0	25.1	25.9	56.8	36.0	22.6	26.2	53.7	37.2
	0.1	—	—	0.8	0.2	0.1	0.5	−0.2	−0.4	0.5	0.8	0.3
Per share — as-filed variants
	₹2.80	₹8.76	₹12.10	₹7.63	₹5.27	₹5.44	₹11.94	₹7.56	₹4.76	₹5.50	₹11.28	₹7.82
	₹2.80	₹8.72	₹12.06	₹7.60	₹5.26	₹5.42	₹11.91	₹7.54	₹4.74	₹5.49	₹11.25	₹7.81
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	138	165	204	168	140	142	181	160	131	145	188	170
	38.3%	44.6%	48.0%	46.8%	44.8%	45.9%	46.8%	46.6%	43.7%	46.6%	48.9%	48.2%
Adjusted (ex-exceptional items) — derived
	16.7	56.0	79.6	56.5	33.8	34.8	78.7	45.0	30.6	35.7	72.7	50.1
	0.0	0.0	0.0	−6.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	13.4	41.7	59.2	41.7	25.2	26.1	57.4	35.8	22.3	26.7	54.4	37.6
	₹2.80	₹8.76	₹12.10	₹8.56	₹5.27	₹5.44	₹11.94	₹7.56	₹4.76	₹5.50	₹11.28	₹7.82

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

INDIGOPNTS₹1,026.00

Indigo Paints Ltd.

· Consumer Goods

Annual Quarterly₹ CrorePeersASIANPAINT BERGEPAINT KANSAINER IFBIND EUREKAFORB ETHOSLTD PCJEWELLER CERAMcap ₹4,892 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	353.8	384.9	311.0	299.5	342.6	387.6	308.9	312.1	358.8	425.3	369.7	358.8
Other Income	3.1	4.2	4.2	5.1	3.1	6.0	6.0	3.0	3.7	0.3	10.2	2.2
Total Income	356.8	389.0	315.2	304.7	345.8	393.6	314.8	315.1	362.5	425.6	379.9	360.9
Expenses
+ Cost of Materials Consumed	185.2	184.3	166.8	156.4	174.2	191.6	169.5	158.7	178.1	201.3	217.4	214.9
+ Purchases of Stock-in-Trade	8.1	6.8	6.0	9.6	8.3	7.9	6.9	8.0	13.9	14.4	12.2	10.2
+ Changes in Inventories	-10.0	5.8	-6.7	2.6	0.3	6.6	-9.2	5.7	-1.0	5.3	-24.6	-3.9
+ Employee Benefit Expense	26.4	23.4	30.2	29.7	28.1	25.6	31.0	31.1	32.0	32.8	36.4	36.8
+ Finance Costs	0.6	0.5	0.6	0.7	0.6	1.5	0.7	0.7	0.6	0.9	0.6	0.7
+ Depreciation & Amortisation	14.6	15.6	15.2	15.4	14.7	13.2	14.8	15.1	15.0	15.3	15.6	15.7
+ Other Expenses	81.9	80.1	67.3	59.7	74.4	68.4	66.4	62.1	67.4	76.0	66.3	69.8
Total Expenses	306.8	316.3	279.5	274.1	300.7	314.9	280.1	281.3	306.0	346.0	323.8	344.3
EBITDA	62.2	84.6	47.4	41.5	57.2	87.4	44.3	46.5	68.3	95.6	62.0	31.0
EBIT	47.6	69.0	32.1	26.1	42.5	74.2	29.5	31.5	53.3	80.3	46.4	15.2
Profit
PBT before Exceptional Items	50.1	72.7	35.7	30.6	45.0	78.7	34.8	33.8	56.5	79.6	56.0	16.7
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-6.1	0.0	0.0	0.0
Pretax Income	50.1	72.7	35.7	30.6	45.0	78.7	34.8	33.8	50.3	79.6	56.0	16.7
+ Current Tax	10.7	16.0	9.4	5.8	11.9	17.0	8.0	7.1	14.6	19.0	12.5	4.0
+ Deferred Tax	1.8	2.3	-0.3	2.5	-2.7	4.2	0.7	1.5	-1.4	1.5	1.8	-0.8
Tax Expense	12.5	18.3	9.0	8.3	9.2	21.3	8.7	8.5	13.2	20.4	14.3	3.3
Net Income	37.6	54.4	26.7	22.3	35.8	57.4	26.1	25.2	37.1	59.2	41.7	13.4
+ Net Income — Continuing Ops	37.6	54.4	26.7	22.3	35.8	57.4	26.1	25.2	37.1	59.2	41.7	13.4
+ Other Comprehensive Income	-0.0	0.1	0.0	0.0	0.0	-0.1	-0.0	-0.0	-0.4	0.1	-0.1	-0.1
Total Comprehensive Income	37.5	54.5	26.7	22.3	35.9	57.3	26.0	25.2	36.7	59.3	41.6	13.3
Net Income to Common	37.3	53.7	26.2	22.6	36.0	56.9	25.9	25.1	36.4	—	—	13.3
Minority Interest	0.3	0.8	0.5	-0.4	-0.2	0.5	0.1	0.1	0.8	—	—	0.1
Per Share
Basic EPS	7.82	11.28	5.50	4.76	7.56	11.94	5.44	5.27	7.63	12.10	8.76	2.80
Diluted EPS	7.81	11.25	5.49	4.74	7.54	11.91	5.42	5.26	7.60	12.06	8.72	2.80
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-0.1	-0.0	-0.0	-0.4	0.1	-0.1	-0.1
+ Items NOT to be Reclassified to P&L	-0.0	0.1	0.0	—	0.0	-0.2	-0.0	—	-0.5	0.2	-0.1	-0.1
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.0	-0.0	0.0	-0.1	0.0	-0.0	-0.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.0	0.0	0.0	-0.0	0.0	—	—	—	—	—	—	—
+ Tax on Items to be Reclassified	—	—	—	—	—	—	—	-0.0	0.0	0.0	—	—
+ Tax on Items to be Reclassified — alt tag	0.0	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	37.2	53.7	26.2	22.6	36.0	56.8	25.9	25.1	36.0	—	—	13.2
Comprehensive Income — Non-controlling Interests	0.3	0.8	0.5	-0.4	-0.2	0.5	0.1	0.2	0.8	—	—	0.1
Per Share — as-filed variants
Basic EPS — Continuing Operations	7.82	11.28	5.50	4.76	7.56	11.94	5.44	5.27	7.63	12.10	8.76	2.80
Diluted EPS — Continuing Operations	7.81	11.25	5.49	4.74	7.54	11.91	5.42	5.26	7.60	12.06	8.72	2.80
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	170.5	188.1	144.9	130.9	159.7	181.5	141.8	139.7	167.7	204.4	164.7	137.5
Gross Margin %	48.18	48.86	46.60	43.70	46.62	46.82	45.90	44.78	46.76	48.05	44.56	38.34
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	50.1	72.7	35.7	30.6	45.0	78.7	34.8	33.8	56.5	79.6	56.0	16.7
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-6.1	0.0	0.0	0.0
Net Income Adj (tax-effected)	37.6	54.4	26.7	22.3	35.8	57.4	26.1	25.2	41.7	59.2	41.7	13.4
EPS Adj	7.82	11.28	5.50	4.76	7.56	11.94	5.44	5.27	8.56	12.10	8.76	2.80
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	47.6	47.6	47.6	47.6	47.6	47.6	47.6	47.7	47.7	47.7	47.7	47.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Indigo Paints Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 30 October 2026 at 5:41 pm IST

Indigo Paints (NSE: INDIGOPNTS) reported its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026 at 5:41 pm IST. Consolidated net profit was ₹13.3 crore, down 47.0% from ₹25.1 crore in Q2 FY26 and down 68.1% from ₹41.7 crore in Q1 FY27. Revenue from operations was ₹359 crore, up 15.0% year on year and down 3.0% from the previous quarter.

Q2 FY26 results (a year earlier): 6 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹13.3 Cr−47.0% vs Q2 FY26−68.1% vs Q1 FY27
Revenue from operations: ₹359 Cr+15.0% vs Q2 FY26−3.0% vs Q1 FY27
Operating margin (EBIT): 4.2%−5.8 pts vs Q2 FY26−8.3 pts vs Q1 FY27EBIT ₹15.2 Cr
EBITDA: ₹31 Cr−33.5% vs Q2 FY26−50.1% vs Q1 FY27margin 8.6%
Earnings per share (basic): ₹2.80−46.9% vs Q2 FY26−68.0% vs Q1 FY27
Net profit margin: 3.7%−4.3 pts vs Q2 FY26−7.6 pts vs Q1 FY27

Questions

What was Indigo Paints' net profit in Q2 FY27?

Consolidated net profit was ₹13.3 crore, down 47.0% from ₹25.1 crore in Q2 FY26 and down 68.1% from ₹41.7 crore in Q1 FY27.

What was Indigo Paints' revenue in Q2 FY27?

Revenue from operations was ₹359 crore, up 15.0% year on year and down 3.0% from the previous quarter.

What was Indigo Paints' EPS in Q2 FY27?

Basic earnings per share were ₹2.80, against ₹5.27 in Q2 FY26.

How were Indigo Paints' Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 15.0% at ₹359 crore, and net profit was down 47.0% at ₹13.3 crore. The operating margin was 4.2%, down 5.8 percentage points from 10.1% a year earlier. Against Q1 FY27, net profit was down 68.1% and revenue down 3.0%.

What was Indigo Paints' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹15.2 crore, a margin of 4.2%, against 12.6% in Q1 FY27 and 10.1% in Q2 FY26. EBITDA was ₹31 crore, 8.6% of revenue.

What was Indigo Paints' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹55 crore, up 7.8% from ₹51 crore in the same months a year earlier. Revenue from operations was ₹728 crore, up 17.3%.

What is Indigo Paints' net profit margin?

Indigo Paints' net profit margin was 3.7% in Q2 FY27 (net profit as a share of revenue from operations), against 8.0% in Q2 FY26 (down 4.3 percentage points). For FY26 as a whole it was 10.5%.

What was Indigo Paints' net profit in FY26?

Consolidated net profit was ₹148 crore in FY26 (April 2025–March 2026), up 4.1% from ₹142 crore in FY25. It was ₹147 crore in FY24 and ₹132 crore in FY23: up 11.9% over three years, 3.8% a year on average.

What was Indigo Paints' revenue in FY26?

Revenue from operations was ₹1,405 crore in FY26 (April 2025–March 2026), up 4.8% from ₹1,341 crore in FY25. It was ₹1,306 crore in FY24 and ₹1,073 crore in FY23: up 30.9% over three years, 9.4% a year on average.

How has Indigo Paints' profit changed over the last four quarters?

Net profit by quarter: ₹36.4 crore in Q3 FY26, ₹59.2 crore in Q4 FY26, ₹41.7 crore in Q1 FY27 and ₹13.3 crore in Q2 FY27. That is ₹151 crore over the four quarters, up 4.6% from ₹144 crore in the four quarters before. Revenue from operations: ₹359 crore, ₹425 crore, ₹370 crore and ₹359 crore.

When did Indigo Paints announce its Q2 FY27 results?

On Friday, 30 October 2026 at 5:41 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 6 November 2025.

When will Indigo Paints announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Indigo Paints figures come from?

From Indigo Paints' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 30 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.