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Informist, Tuesday, May 12, 2026

 

--Berger Paints Jan-Mar consol net profit INR 3.35 bln
--Analysts saw Berger Paints Jan-Mar consol net profit INR 2.73 bln
--Berger Paints Jan-Mar consol revenue INR 28.68 bln
--Analysts saw Berger Paints Jan-Mar consol revenue INR 28.38 bln
--Berger Paints Jan-Mar consol PAT INR 3.35 bln vs INR 2.62 bln year ago
--Berger Paints Jan-Mar consol revenue INR 28.68 bln vs INR 27.04 bln yr ago
--Berger Paints to pay INR 4 per share dividend
--Berger Paints reappoints Abhijit Roy as MD,CEO for 4 yrs from Jul 1, 2027
--Berger Paints FY26 consol PAT INR 11.27 bln vs INR 11.80 bln year ago
--Berger Paints FY26 consol revenue INR 118.80 bln vs INR 115.45 bln yr ago
 

By Eshitva Prakash

 

MUMBAI – Berger Paints India Ltd. reported better than expected earnings growth in the quarter ended March, largely owing to a benign year-on-year rise in expenses and the highest revenue growth in four quarters. Its consolidated net profit grew on year for the first time in 2025–26 (Apr-Mar), and was the sharpest rise in the metric in nine quarters. 

 

The company said that softer raw material prices and a near 12% on-year rise in volumes helped its revenue growth for the first three months of 2026. Other reasons, such as a qualitative improvement in product mix, robust growth in its waterproofing, construction chemicals, and wood coatings segments also contributed to a rise, Abhijit Roy, managing director and chief executive of Berger Paints, said in a press release.

 

The paint maker reported a consolidated net profit of INR 3.35 billion, up nearly 28% on year and comfortably ahead of the consensus estimate of INR 2.73 billion. Its top line rose a little over 6% on year to INR 28.68 billion, largely in line with analysts' view. The sequential net profit growth was perhaps the biggest surprise, with analysts pegging a 16?cline quarter-on-quarter, compared to the company reporting an over 23% sequential rise. 

 

The company incurred total expenses worth INR 24.99 billion, up almost 5% on year and down almost the same figure on quarter. Its cost of materials consumed rose nearly 8% on year to INR 15.01 billion. This was the sharpest year-on-year rise in the cost of materials consumed in five quarters. "Foreign exchange volatility and geopolitical uncertainty continue to pose near-term margin risks on both supply disruptions and raw material inflation," the company said. 

 

"The gradual improvement in domestic demand indicators across segments and markets, the sequential monthly uptick in demand are all positive indicators and results in the months ahead are expected to reflect these movements," Berger Paints said. Looking ahead, the calibrated price increases of over 11% in a staggered manner from the end of March will support its gross margin amid rising raw material costs, the company said. 

 

Berger Paints said its efforts in network expansion and improving growth in low market share urban markets continue to show a positive uptick. Its automotive segment performed strongly after an increase in demand following a goods and services tax cut and lower financing costs. The general industrial segment also saw good growth and protective and powder coatings registered improvements month-on-month, indicating a recovery in growth levels towards the end of the March quarter, the company said.

 

The company's earnings before interest, tax, depreciation, and amortisation rose nearly 13% on year to INR 4.82 billion. An average of eight estimates had indicated a flattish on-year EBITDA of INR 4.44 billion. The company's gross margin of 42.3% and its EBIDTA margin of 18.3% was the strongest in the last 10 quarters, Berger Paints said.

 

For FY26, Berger Paints' consolidated net profit fell 4.5% to INR 11.27 billion. Its revenue for the period rose nearly 3% to INR 118.80 billion. Its board has recommended dividend of INR 4 per share. The company reappointed Abhijit Roy as its MD and CEO for a period of four years, starting Jul. 1, 2027. On Tuesday, shares of the company ended over 1% lower at INR 488.10 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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