Indigo Paints Reports Margin Pressure In Q2 | CNBC TV18
CNBC-TV18 · 02 Nov 2026 · 9 min
Management interview of Indigo Paints Ltd (INDIGOPNTS), with 6 key numbers discussed.
- Hemant Jalan, CMD, Indigo Paints
Indigo Paints reported sharp margin contraction in Q2 due to high-cost raw material inventory flowing through the P&L, despite a 14% top-line growth. CMD Hemant Jalan noted that full-year EBITDA margin may decline by 150-200 bps as the company prioritizes top-line growth over bottom line. However, margins historically improve significantly in Q3 and Q4, which account for about 62% of annual sales. October witnessed the highest monthly YoY growth rate in three years, supported by a late Diwali. To counter raw material inflation, the company implemented price hikes and plans another, resulting in a 5-6% cumulative price increase.