Presentation for the Investors / Analysts on Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026.

Date: August 13, 2026 To, To BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai - 400051 Scrip Code: 543258 NSE SYMBOL: INDIGOPNTS Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Investor Presentation Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the presentation for the Investor / Analysts on standalone and consolidated Financial Results of the Company for the quarter ended June 30, 2026. You are requested to take note of the same. Thanking you, For Indigo Paints Limited Sayalee Yengul Company Secretary & Compliance Officer Mem No. A37267 Encl.: As Above Registered Office: INDIGO Paints Limited, Indigo Tower, Street-5, Pallod Farm-2, Baner Road, Pune - 411045 T: +91 20 6681 4300, Email: info@indigopaints.com, Website: www.indigopaints.com, CIN: L24114PN2000PLC014669 INDIGO Paints Ltd Investor Presentation (Q1 FY27) Disclaimer Certain statements and opinions with respect to the anticipated future performance of Indigo Paints Ltd (“Indigo”) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changes in economic, political, regulatory, business or other market conditions. Such forward-looking statements only speak as at the date the presentation is provided to the recipient and Indigo is not under any obligation to update or revise such forward-looking statements to reflect new events or circumstances. No representation or warranty (whether express or implied) is given in respect of any information in this presentation or that this presentation is suitable for the recipient’s purposes. The delivery of this presentation does not imply that the information herein is correct as at any time subsequent to the date hereof and Indigo has no obligation whatsoever to update any of the information or the conclusions contained herein or to correct any inaccuracies which may become apparent subsequent to the date hereof. Certain figures may have been rounded off to the nearest decimal. Contents ▪ Financial Update - Standalone (Q1 FY27) - Consolidated (Q1 FY27) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook Financial KPIs Growth drivers update Industry-Leading Growth: Strong Demand Sustained Standalone | Q1 FY27 45.3% 17.7% Rs. 350.0 Cr Revenue from Gross Margin % EBITDA Margin % Operations EBITDA Rs. 61.9 Cr 18.7% YoY Growth Maintaining pole position 42.0% YoY Growth 4.3% 11.8% A&P as % of Revenue PAT Margin % from Ops PAT Rs. 42.4 Cr YoY decrease from 6.8% 60.7% YoY Growth Financial KPIs Growth drivers update Quarterly EBITDA Margin Trends Indigo Paints Quarterly EBITDA% 23.4% 23.0% 22.5% 19.4% 17.2% 17.9% 17.5% 17.7% 15.4% 15.6% 15.3% 14.8% 14.8% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Historically, for Indigo Paints, EBITDA Margin peaks in Q4 as the product mix improves Note: EBITDA% computed on Standalone basis 5 Financial KPIs Growth drivers update Industry-Leading Growth: Strong Demand Sustained Financial KPIs Growth drivers update Financial Analysis 1 2 3 4 Recorded a Industry leading The A&P expense The EBITDA% for The PAT% for the quarter industry leading gross margin of as a % of revenue the quarter was was 11.8% compared to growth of 18.7%. 45.3% despite was 4.3% in Q1 17.7% vs. 14.8% in 8.8% in Q1 FY26leading supply chain FY27 vs. 6.8% in Q1 FY26. toPATgrowth of 60.7% Both value & disruptions; Q1 FY26. volume growth in double digits. Key raw material Strategic timeout Robust margin prices have from IPL to optimize expansion aided by declined from their resources towards economies of scale recent highs. BTL engagements and cost However, they are optimization still at elevated levels and prices continue to be volatile Contents ▪ Financial Update - Standalone (Q1 FY27) - Consolidated (Q1 FY27) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook Financial KPIs Growth drivers update Robust revenue growth; Margins slightly impacted due to subsidiary headwinds Financial KPIs Growth drivers update Maintaining pole position in terms of Gross Margin% Indigo Paints Paint companies' average 47.3% 45.6% 48.2% 48.9% 46.6% 46.6% 46.8% 45.9% 44.8% 46.8% 48.0% 44.6% 43.7% 42.8% 41.2% 41.9% 42.2% 42.0% 41.3% 40.4% 41.3% 42.5% 41.5% 41.7% 40.4% 41.5% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4 FY26Q1 FY27 • Continue to outperform the industry by a wide margin • Historically, for Indigo Paints, GM% are lowest in Q2 and reaches a peak in Q4 as the product mix improves Source: Leading Paints company data (consolidated) based on latest filings (till 12th Aug 2026) ofpublicly listed peers for period ending 30thJun 2026 10 Financial KPIs Growth drivers update Financial snapshot for last 5 years Sales (INR Cr) EBITDA (INR Cr) 1405 1,306.1 1340.7 254.8 238.1 233.5 1,073.3 181.5 906.0 136.0 369.7 FY22 FY23 FY24 FY25 FY26 Q1 FY27 FY22 FY23 FY24 FY 25 FY 26 Q1 FY27 PAT (INR Cr) RoCE (%) 22.8 20.9 152.2 18.4 19.0 17.6 18.8 148.8 142.2 115.6 84.1 41.7 FY22 FY23 FY24 FY 25 FY26 Q1 FY27 FY22 FY23 FY24 FY25 FY26 Q1 FY27 Note: Financials on a consolidated basis Contents ▪ Financial Update - Standalone (Q1 FY27) - Consolidated (Q1 FY27) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook Financial KPIs Growth drivers update Product category snapshot for Q1 FY27 YoY growth for Q1 FY27 vs. Q1 FY26 Product Value growth (%) Volume growth (%) Putty + Cement Paints 21.2% 13.7% Emulsions 17.1% 12.3% Enamels and wood coatings 17.6% 9.8% Primers + Distempers + Others 29.7% 18.3% Financial KPIs Growth drivers update Continued network expansion Active dealers and depots (#) # of 49 51 53 53 53 54 54 54 54 54 55 55 55 depots Active 8,657 9,114 9,510 9,842 10,210 10,555 10,772 11,000 11,301 11,656 11,913 12,129 12,395 Tinting 19,352 19,382 19,134 18,914 18,718 18,500 18,598 18,556 18,371 18,105 17,745 Active 17,148 Dealer 16,693 count Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Contents ▪ Financial Update - Standalone (Q1 FY27) - Consolidated (Q1 FY27) ▪ KPI ▪ Growth Drivers ▪ Sustainability initiatives ▪ Outlook Financial Growth KPIs update drivers Future growth drivers – Indigo Paints 2.0 Strategy V. Expansion into adjacencies Expand into non decorative IV. Brand segment. Foray into & marketing focus adjacencies like construction chemicals & waterproofing. III. Capacity • Ramp up salesforce • Tapping high growth India augmentation -being • infrastructure segment Step up brand promotion future ready through Apple Chemie and engage with India Ltd influencer community II. Geographic expansion • Expand in the existing • Increase customer strategic locations engagement through • digital channel I. Product innovation • Grow in Tier I and II cities State of the art plant with automated material • handling Augment engagement with painters & contractors Develop differentiated products to grow market share Expand product portfolio on the back of inorganic growth initiatives Financial Growth KPIs update drivers Geographical Expansion | Deepening our Network 6 Manufacturing plants 28 States 55 Depots 19,382 Active dealers 12,395 Tinting machines Fortifying our presence in Tier 3,4 cities and fast growing in Tier 1,2 cities Financial Growth KPIs update drivers Capacity [Showing first 8,000 characters — download PDF for full document]