Brands
Indigo Paints brushes off slowdown with steady Q1 despite muted demand
MUMBAI: Even a splash of rain couldn’t wash away Indigo Paints’ colours this quarter though the palette did lose some of its shine. For the quarter ended 30 June 2025, the company’s standalone net revenue from operations inched up 0.3 per cent year-on-year to Rs 94.9 crore, despite muted industry demand. Consolidated revenue, however, dipped 0.7 per cent to Rs 308.9 crore, with management citing early monsoons as a key drag.
Margins showed signs of wear. Standalone gross margin slipped to 46.1 per cent from 47.0 per cent a year earlier, while EBITDA margin narrowed to 14.8 per cent from 15.6 per cent, largely due to higher fixed costs and slower scale-up. PAT margin held nearly flat at 8.8 per cent, with net profit easing just 0.4 per cent to Rs 26.4 crore.
On a consolidated basis, gross margin stood at 45.9 per cent, EBITDA margin at 14.3 per cent, and PAT margin at 8.3 per cent. Net profit fell 2.2 per cent year-on-year to Rs 26.1 crore, while EBITDA excluding other income dropped 6.5 per cent to Rs 44.3 crore.
The results suggest that while the paint maker Indigo Paints is holding its hue in a subdued market, it will need a stronger coat of demand in the coming quarters to restore the gloss.
Brands
Adani Airport Holdings and Blinkit launch India’s first in-terminal quick commerce service at Mumbai’s Terminal 2
Passengers at Chhatrapati Shivaji Maharaj International Airport can now order essentials on the Blinkit app and have them delivered within minutes
MUMBAI: Forget the overpriced airport shop. Travellers rushing through departures at Mumbai’s Chhatrapati Shivaji Maharaj International Airport can now order essentials on their phones and have them delivered within minutes, right to their gate.
Adani Airport Holdings Limited, India’s largest private airport operator, has partnered with quick commerce platform Blinkit to launch what the two companies claim is India’s first in-terminal quick commerce service. The service is live at Terminal 2, domestic departures, and allows passengers to order through the Blinkit app for delivery anywhere within the terminal, including boarding gates, lounges, the food court and select partner outlets. Deliveries are handled by trained on-ground personnel, ensuring a seamless experience without disrupting travel timelines.
The product range covers travel accessories, electronics, snacks, books, baby care and personal essentials. Permissible liquids including packaged water, cold beverages and juices are sourced from approved in-terminal inventory, in line with airport security protocols.
An AAHL spokesperson said the initiative was part of a broader push to reimagine digital services at airports. “Bringing app-based convenience into the terminal allows passengers to make better use of their time and raises the overall service standard,” the spokesperson said, describing it as a step towards building “more responsive and passenger-centric airports.”
For Blinkit, the tie-up extends quick commerce into a high-frequency, high-intent environment. For AAHL, it reflects a strategic push to grow non-aeronautical revenue through digitally enabled retail, a increasingly important revenue stream for airport operators worldwide.
You are already late for your flight. At least now you do not have to be thirsty too.
