• Jodhpur plant ramp-up: Ongoing trial production is expected to deliver output within a week and stabilize by late September, positioning the plant ready for peak pre-Diwali demand in October.
• Full-year margin outlook: While Q2 margins will face seasonal pressure from a weaker product mix and expensed high-cost raw materials, overall margins for the full year are expected to match last year's levels.
• Wood coatings expansion: The company is deploying a dedicated sales team across 5–6 key states to roll out a full product range between late September and November, aiming to increase category contribution from its current 3–4% share.
• Free cash flow guidance: With major capex concluding and maintenance spend limited to roughly ₹40 crore annually for tinting machines, the company expects free cash flow to exceed ₹160–₹170 crore per year over the next three years.
• Applechemie stake purchase: Indigo Paints is acquiring an additional 11% stake and extinguishing all call and put options, purposely avoiding a 100% buyout to ensure existing promoters remain invested in managing the B2B business.