2026-01-10 04:09:09 pm | Source: Motilal Oswal Financial Services Ltd
Buy Indigo Paints Ltd for the Target Rs. 1,450 by Motilal Oswal Financial Services Ltd
* We expect 9% revenue growth in 3QFY26, ahead of industry growth but below the management's earlier guidance of double-digit growth.
* Demand was soft in Oct after the festive season, while a meaningful pickup was seen in Nov’25.
* GP margin expected to improve 40bp YoY to 47%. EBITDA margins expected to improve 90bp YoY to17.6%.
* The company does not expect to take price hikes in the near term.
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