Indigo Paints Q2 FY27 standalone revenue Rs 340.48 cr, PAT Rs 13.81 cr

What the numbers show

• Net margin was 4.06% of revenue, down 449 bps from 8.55%.
• Total expenses rose 21.8% while revenue rose 14.1%.
• Cost of materials accounted for Rs 52.86 cr of the Rs 58.14 cr rise in total expenses (90%).
• Cost of materials took 59.7% of revenue, against 50.4% a year earlier.

• Basis: Standalone statement of unaudited financial results for the quarter ended Sep 30, 2026, with comparative quarter ended Sep 30, 2025 (statement of standalone unaudited financial results).

• Revenue from operations (Q2 FY27 vs Q2 FY26):

• Current (quarter ended Sep 30, 2026): Rs 340.48 cr
• Prior (quarter ended Sep 30, 2025): Rs 298.50 cr

• Total Income:

• Current: Rs 342.48 cr
• Prior: Rs 301.24 cr

• Total Expenses:

• Current: Rs 325.24 cr
• Prior: Rs 267.10 cr

• Key expense lines:

• Cost of raw materials and components consumed:
  • Current: Rs 203.25 cr
  • Prior: Rs 150.39 cr
• Purchase of traded goods:
  • Current: Rs 10.20 cr
  • Prior: Rs 8.00 cr
• Changes in inventories of finished goods and traded goods:
  • Current: Rs (3.96) cr
  • Prior: Rs 5.54 cr
• Employee benefits expense:
  • Current: Rs 33.99 cr
  • Prior: Rs 28.73 cr
• Finance costs:
  • Current: Rs 0.6061 cr
  • Prior: Rs 0.5432 cr
• Depreciation and amortisation expense:
  • Current: Rs 14.48 cr
  • Prior: Rs 13.86 cr
• Other expenses:
  • Current: Rs 66.67 cr
  • Prior: Rs 60.03 cr

• Profit before tax (labelled “Profit before tax” in the statement):

• Current: Rs 17.23 cr
• Prior: Rs 34.14 cr

• Net Profit for the period/year (PAT):

• Current: Rs 13.81 cr
• Prior: Rs 25.53 cr

• Earnings Per Share (in INR) (not annualised), Basic:

• Current: 2.90
• Prior: 5.36

In the quarter ended September 30, 2026, standalone revenue from operations increased to Rs 340.48 cr from Rs 298.50 cr in the corresponding quarter of the previous year, as per the statement of standalone unaudited financial results. Total Income rose to Rs 342.48 cr from Rs 301.24 cr over the same period.

Total Expenses moved up to Rs 325.24 cr in Q2 FY27 from Rs 267.10 cr in Q2 FY26. Within this, cost of raw materials and components consumed increased to Rs 203.25 cr from Rs 150.39 cr, and employee benefits expense rose to Rs 33.99 cr from Rs 28.73 cr. Other expenses were Rs 66.67 cr versus Rs 60.03 cr a year earlier. Changes in inventories of finished goods and traded goods shifted to Rs (3.96) cr from Rs 5.54 cr.

Profit before tax for the quarter was Rs 17.23 cr, compared with Rs 34.14 cr in the corresponding prior quarter. Net Profit for the period/year stood at Rs 13.81 cr against Rs 25.53 cr a year earlier. Basic Earnings Per Share (Face Value of INR 10/- each) for the quarter was 2.90, down from 5.36 in the same quarter of the previous year, according to the statement of standalone unaudited financial results.