Indigo Paints retains Buy; broker eyes ₹1,250 as Jodhpur plant nears completion
Q4-FY26 revenue rose 9.7% y-o-y to ₹425 crore with PAT up 3.1% to ₹59 crore. Differentiated products (30% of revenue) sustain pricing power. Jodhpur expansion will lift capacity across North, East and Central India. Broker maintains Buy, target ₹1,250 vs CMP ₹1,067.
Broker maintains Buy on Indigo Paints (target ₹1,250) after decent Q4-FY26 results. Differentiated products drive pricing power; Jodhpur expansion nearing completion will boost capacity across North, East and Central India.