Indigo Paints Q1 revenue flat as monsoons hit demand

Indigo Paints reported Q1 FY26 consolidated revenue of Rs 308.9 crore, down 0.7% year-on-year, with profit falling 2.2% to Rs 26.1 crore. EBITDA margin compressed to 14.3% from higher levels last year.

Early monsoon onset impacted demand across product categories, with Putty + Cement Paints and Emulsions seeing negative growth in both value and volume terms.

Subsidiary Apple Chemie revenue declined 17.6% to Rs 14.0 crore as monsoons affected road and metro projects.