Indigo Paints, the fifth largest paint company in India reported revenues of Rs 2885 crore in Q2FY25, a rise of 6.7% YoY. Weak demand and price reductions have led to lower revenue growth in September Quarter 2024.The company has outperformed industry growth despite subdued market conditions. Operating margins came in at 16.46% in September Quarter 2024, compared to 16.55% same quarter previous year. Margins were impacted by higher discounts and price cuts undertaken by the company to push sales. Net profit stood at Rs 241 crore in September Quarter 2024. with growth declining 7.7% YoY.
