3 days ago
4
ARTICLE AD BOX
ICICI Securities has revised the target price downward, while maintaining an 'Add' stance, implying a 14% upside.
07 Nov 2025, 02:59 PM IST i 07 Nov 2025, 02:59 PM IST 07 Nov 2025, 02:59 PM IST
Indigo paints added 358 active dealers and 355 tinting machines in Q2FY26. (Photo Source: Unsplash)
Indigo Paints reported YoY revenue growth of 4.2%, outperforming Kansai (0.1%), Berger (1.9%), and Akzo (-15%). It also achieved Ebitda margin expansion of +106bps, while Berger and Akzo saw margin contractions.
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