Indigo Paints Ltd (NSE:INDIGOPNTS)
₹ 1,200.1 -0.10 (-0.01%) Market Cap: 57.14 Bil Enterprise Value: 54.82 Bil PE Ratio: 40.46 PB Ratio: 5.56 GF Score: 84/100

Q4 2025 Indigo Paints Ltd Earnings Call Transcript

May 26, 2025 / 05:30AM GMT
Release Date Price: ₹1045.45 (+1.32%)

Key Points

Positve
  • Indigo Paints Ltd (BOM:543258) achieved a record high EBITDA margin of 23.4% in Q4 FY25, the highest in the company's history.
  • The company reported a PAT increase of 6.3% to INR56.9 crores in Q4 FY25, with a PAT margin improvement to 15.3%.
  • Indigo Paints Ltd (BOM:543258) maintained a strong gross margin of 47.4%, leading the industry.
  • The company has successfully reduced A&P expenses as a percentage of revenue from 6.3% in Q4 FY24 to 5.0% in Q4 FY25.
  • Indigo Paints Ltd (BOM:543258) is expanding its network with 18,400 active dealers and 11,000 tinting machines as of March 31, 2025.
Negative
  • The company's sales growth was modest at 0.3% in Q4 FY25, reflecting sluggish market conditions.
  • Indigo Paints Ltd (BOM:543258) experienced a slight decline in EBITDA for the full fiscal year FY25 by 0.5% to INR231.6 crores.
  • The PAT margin for the full fiscal year FY25 decreased to 11.1% from 11.7% in the previous fiscal year.
  • The company's subsidiary, Apple Chemie, faced margin challenges due to an adverse product mix.
  • Indigo Paints Ltd (BOM:543258) experienced delays in the civil construction work at its water-based paint plant, affecting its commissioning timeline.
Operator

Ladies and gentlemen, good day, and welcome to the Indigo Paints Limited Q4 and FY25 earnings conference call hosted by ICICI Securities Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Aniruddha Joshi from ICICI Securities. Thank you, and over to you, sir.

Aniruddha Joshi
ICICI Securities Ltd. - Analyst

Yes. Thanks, Shruti. On behalf of ICICI Securities, we welcome you all to Q4 FY25 results conference call of Indigo Paints Limited. Now I hand over the call to Mr. Srihari Santhakumar, General Manager, Finance and Investor Relations, to introduce the management. Then we will have initial comments from the management on quarterly and annual performance, and then we will open the floor for question-and-answer session.

Thanks, and over to you, Srihari, sir.

Srihari Santhakumar
Indigo Paints Ltd - Investor Relations

Thanks, Aniruddha. Good morning, everyone, and thanks for joining our earnings conference call today. We have

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