Indigo Paints Ltd (BOM:543258)

Q2 2025 Indigo Paints Ltd Earnings Call Transcript

Nov 8, 2024 / 11:30 AM GMT

Release Date Price: ₹1532.45 (-5.89%)

Transcript

Key Points

Positve

Indigo Paints Ltd (BOM:543258) reported its sixth consecutive quarter of industry-leading growth with a top-line increase of 7.4% for Q2 FY25.
The company maintained a strong gross margin of 44.1%, which is higher than many competitors in the industry.
Indigo Paints Ltd (BOM:543258) has successfully expanded its network, with 18,718 active dealers and 10,555 tinting machines as of September 30, 2024.
The company's subsidiary, Apple Chemi, registered a robust growth of 27.7% in Q2 FY25.
Indigo Paints Ltd (BOM:543258) is actively engaging in sustainability initiatives, including the use of electric vehicles for product delivery and the installation of rooftop solar panels at its Cochin factory.

Negative

The company's EBITA margin decreased slightly from 15.2% to 14.8% compared to the same quarter last year.
PAT decreased by 7.7% to INR 24.1 crores, primarily due to high depreciation from the new plant in Tamil Nadu.
The gross margin was slightly lower than the previous year due to industry-wide price cuts in the last fiscal year.
Indigo Paints Ltd (BOM:543258) faced a challenging demand environment in August and September, which impacted overall growth.
The company's expansion into tier-one cities is still in progress, with significant room for growth in metro areas where competition is intense.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INDG.NS - Indigo Paints Ltd
Q2 2025 Indigo Paints Ltd Earnings Call
Nov 08, 2024 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day. And welcome to Indigo Paints, Q2 FY25 conference call hosted by IC IC A Securities. As a reminder, all participant line will be in listen-only mode and there will be an opportunity for you to ask question after the presentation concludes.

Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr Arua Joshi. Thank you and over to you, sir.

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Unidentified_2 [2]
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