2025-07-15 10:24:33 am | Source: Motilal Oswal Financial Services Ltd
Buy Indigo Paints Ltd For Target Rs. 1,350 by Motilal Oswal Financial Services Ltd
* We expect 4% revenue growth in 1QFY26 as the demand environment remains subdued.
* Strong competition and pressure on profits are expected in the near future as new competitors enter the market.
* GP marin is expected to expand marginally 20bp YoY to 46.8%. Margins remained stable despite a decline in raw material prices, as increased consumer offerings have offset the input cost benefits.
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