Inkia Inks Private Limited, a subsidiary of True Colors Limited , will participate in the Future Print event in Brazil from July 14-17, 2026. The company will engage with global converters and showcase its latest formulations for direct-to-textile and transfer workflows. The participation aims to highlight the demand for sustainable, high-performance inks in apparel, sportswear, soft signage, and décor sectors.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Inkia Inks is identified as the transferor entity under a Scheme of Amalgamation. The company emphasized its commitment to innovation, sustainability, and customer success in the digital printing sector.

Future Print is a global event series focused on screen printing, digital textile printing, and advanced industrial inkjet manufacturing. The 2026 flagship event, Future Print São Paulo, will be held at Distrito Anhembi / Expo Center Norte in São Paulo. The event is projected to host over 40,000 visitors and 600 exhibitors.

Inkia Inks Private Limited is a specialized digital ink manufacturer offering a portfolio across reactive, pigment, sublimation, and disperse chemistries. The company's inks are engineered for vibrant color, fastness, and reliable jetting, supporting high-speed production on various textiles including cellulose, polyesters, and blends. The firm focuses on quality systems and application support to enable consistent results from sampling to scale.

True Colors Limited, formerly known as True Colors Private Limited, is based in Surat, Gujarat. The company operates through its subsidiary Inkia Inks to serve the digital printing market.

True Colors Limited reported a total revenue of INR 301.55 Cr for the fiscal year 2026, representing a year-on-year growth of 29.22%. The company achieved an EBITDA of INR 46.98 Cr with an EBITDA margin of 15.58%. The Profit After Tax (PAT) stood at INR 31.16 Cr, reflecting a PAT margin of 10.33%. The results were discussed in an earnings conference call held on May 22, 2026.

Financial Performance FY26

For the fiscal year 2026, True Colors Limited reported a total revenue of INR 301.55 Cr, representing a year-on-year growth of 29.22%. The company achieved an EBITDA of INR 46.98 Cr with an EBITDA margin of 15.58%. The Profit After Tax (PAT) margin stood at 10.33% for the period.

H2 FY26 Performance

For the half-year ended March 31, 2026 (H2 FY26), the company reported a total revenue of INR 150 Cr, an increase of 6.86% compared to H2 FY25. The EBITDA margin for H2 FY26 was 16%, a decrease of 772 basis points versus the same period in the previous year. The PAT margin for the half-year stood at 11%, down by 446 basis points year-on-year. Earnings Per Share (EPS) for H2 FY26 was INR 7.54, declining by 2.84%.

Operational Highlights

The company's recurring revenue share for FY26 was 50.25%, amounting to INR 151.52 Cr derived from ink, sublimation paper, and spares. This recurring revenue model is supported by an active installed base of 900+ machines. True Colors holds approximately 16% to 18% share of India's digital fabric printing volumes.

Vertical Performance

Revenue breakdown by business vertical for FY26 shows varied growth across segments:

Strategic Outlook

Management highlighted the transition to in-house ink manufacturing under the INKIA brand as a significant step towards improving profitability. The company is also focused on increasing paper capacity utilisation. The digital textile printing market is projected to grow at a CAGR of 13.77% globally from 2025 to 2035, which the company aims to leverage through its integrated ecosystem. The company expects to grow revenue by 20% to 22% over the medium term, with profitability growth outpacing top-line growth.