What were Indigo Paints' consolidated revenues for the recent quarter?

Indigo Paints' consolidated revenues grew by 4.7% to ₹359 crore.

How did different paint segments perform for Indigo Paints?

Emulsions saw a volume decline, but enamels and wood coatings experienced strong volume growth, while putty, cement paints, and primers also showed positive volume increases.

What factors contributed to Indigo Paints' improved profitability?

Improved profitability was driven by lower raw material prices, a better product mix, and significantly reduced advertising and publicity (A&P) spending.

Home / Business and Economy / Indigo Paints Sees Revenue Rise Amidst Market Recovery

Indigo Paints Sees Revenue Rise Amidst Market Recovery

19 Feb

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Summary

Consolidated revenues grew 4.7% to ₹359 crore, driven by subsidiary Apple Chemie.
Emulsions saw a volume decline, while enamels and wood coatings posted strong growth.
Profitability improved due to lower raw material prices and reduced A&P spending.

Indigo Paints Sees Revenue Rise Amidst Market Recovery

Indigo Paints' consolidated revenues rose by 4.7% to ₹359 crore as of February 19, 2026. This growth was primarily fueled by a 31.5% increase in its subsidiary, Apple Chemie, which reached ₹20 crore. The company's standalone business also contributed positively with a 3.5% growth, totaling ₹339 crore.

While emulsions experienced a 3.4% volume decline, other segments like enamels and wood coatings saw robust growth of 20.2% in volume. Putty and cement paints increased by 2.1% in volume, and primers, distemper, and others also posted healthy volume gains. This diverse performance underscores a dynamic market.