True Colors H1 FY27 Revenue Rises 21.1% to ₹183.01 Cr

True Colors Limited reported its financial results for the half year ended September 30, 2026. Revenue from operations increased by 21.1% year-on-year to INR 183.01 crore, driven by volume growth across sublimation paper, ink, and fabric. EBITDA grew 40.1% to INR 32.34 crore and PAT rose 43.3% to INR 21.09 crore. The company highlighted strong recurring revenue from consumables and is pursuing backward integration in inks and paper through manufacturing and a joint venture, respectively, to capture import substitution opportunities and secure raw materials. Operating cash flow improved significantly to INR 27.16 crore.