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Indigo Paints Shares: Motilal Oswal Maintains 'Buy' As Growth Outlook Improves — Check Revised Target Price
Indigo Paints expects revenue growth of 15%-20% in FY27, as demand is expected to recover after witnessing weakness over the last two years.
30 Dec 2025, 10:20 AM IST 
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Given the rising competition and slower-than-expected industry demand recovery, Motilal Oswal models a slightly lower CAGR of ~14% for FY26-FY28E for Indigo Paints.
(Photo Source: Unsplash)
Given the rising competition and slower-than-expected industry demand recovery, Motilal Oswal expects a slightly lower CAGR of ~14% for FY26-FY28E for Indigo Paints.
