Indigo Paints Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Consistent revenue growth over the past three quarters indicates strong market demand for products.
Improved gross margins reflect effective cost management and pricing strategies.
Increased market share in the paint industry due to enhanced distribution channels.

NEGATIVES

Rising raw material costs have impacted profit margins significantly this quarter.
Declining net income suggests challenges in managing operating expenses effectively.
Increased competition may pressure future pricing and market positioning.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	325.47	288.42	279.02	353.77	384.88	310.96	299.53	342.62	387.56	308.86
Expenses	253.74	239.32	236.88	291.53	300.29	263.59	258.03	285.43	300.14	264.56
Operating Profit	71.73	49.11	42.13	62.24	84.59	47.37	41.51	57.19	87.42	44.31
Other Income	2.81	3.82	3.17	3.07	4.16	4.21	5.12	3.15	6.03	5.96
Interest	0.39	0.49	0.55	0.62	0.46	0.64	0.71	0.60	1.55	0.69
Depreciation	8.72	10.09	11.29	14.61	15.58	15.25	15.36	14.68	13.23	14.82
Profit Before Tax	65.43	42.34	33.46	50.07	72.71	35.69	30.55	45.05	78.66	34.75
Tax	16.76	10.83	8.14	12.52	18.27	9.03	8.30	9.20	21.26	8.70
Net Profit	48.68	31.52	25.32	37.55	54.44	26.65	22.26	35.85	57.40	26.06
Eps in Rs	10.23	6.52	5.33	7.82	11.28	5.50	4.76	7.56	11.94	5.44