INDIGOPNTS

What Indigo Paints promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 6 delivered 3 missed 11 open
  • Solvent-based paint plant commissioning delivered, diluted said Q2 FY25 Promised: Q4 FY25 / Q1 FY26 Q1 FY27: Confirmed as operational, marking the end of the major capex cycle.
  • Return to double-digit value growth missed said Q4 FY25 Promised: Significantly higher double digit value growth by Q2 FY26 Q1 FY27: The original target for Q2 FY26 remains missed. The company achieved 19.7% consolidated growth in Q1 FY27, but this does not alter the historical miss.
  • Water-based paint plant commissioning delayed said Q2 FY25 Promised: Q2 FY26 Q1 FY27: Delayed due to tardy civil contractor. Trial production now expected in the second half of August 2026.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 20 tracked commitments for Indigo Paints — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens