Indigo Paints posts steady Q3 growth as profit edges up and margins improve

Indigo Paintsreported its Q3 results, with net profit rising marginally by 1% year-on-year to ₹36.3 crore, compared with ₹36 crore in the year-ago quarter.

The company’s revenue increased 4.7% to ₹358.7 crore from ₹342.6 crore.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) grew 19.3% to ₹68.7 crore, versus ₹57.6 crore last year, while the EBITDA margin improved to 19.2% from 16.8%.

For the nine months ended December 31, 2025, the company reported net revenue from operations of ₹979.9 crore, up 2.8% from ₹953.1 crore in the corresponding period last year. EBITDA (excluding other income) rose 9% to ₹159.2 crore, compared with ₹146.1 crore. Net profit for the nine-month period increased 9.8% to ₹93 crore from ₹84.8 crore.

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Indigo Paints also reported an improvement in its standalone quarterly performance. Net revenue from operations rose 3.5% to ₹338.9 crore, compared with ₹327.5 crore in the corresponding quarter last year. EBITDA (excluding other income) increased 14.5% to ₹65.6 crore from ₹57.3 crore, while net profit grew 11.2% to ₹40.5 crore, versus ₹36.5 crore in the year-ago period.

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In its standalone performance for the nine months ended December 31, 2025, net revenue from operations increased 2.4% to ₹932.2 crore, compared with ₹910 crore in the corresponding period last year. EBITDA (excluding other income) rose 6.4% to ₹155 crore from ₹145.7 crore, while net profit grew 6.2% to ₹92.4 crore, versus ₹87 crore a year earlier.

Indigo Paints Ltd shares closed at ₹971.50 on the NSE on February 13, down ₹25.90 or 2.6%.