INDIGOPNTS

Indigo Paints Ltd.

Industry Group: Consumer Durables
Industry: Paints
1,146.30-5.5 (-0.48%)
24 Aug, 1:59 PM

Stock News

Indigo Paints Ltd. latest news covering earnings updates, regulatory announcements, analyst actions and market-moving events.
LiveMint
LiveMint
Indigo Paints targets 25% annual growth as it puts market share ahead of margins
Indigo Paints Ltd said it will prioritize top-line growth over near-term margins, targeting more than 25% annual revenue growth if the industry grows 13-14% by outpacing the industry by at least 10 percentage points from its about 3% decorative paints share. Managing director Hemant Jalan told Mint the company will accept 1-2% gross margin swings as it raises trade and influencer spending; gross margin was 44.6% in April-June FY27 versus 41.5% industry average. The company cut advertising to 4.3% of revenue from 6.8% a year earlier but expects full-year spend to exceed last year, is expanding into wood coatings and waterproofing after raising its stake in Apple Chemie India Private Limited to 62% from 51%, and plans succession with a chief executive appointment in 12-18 months.
19th Aug '26 5:42 am
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