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Berger Paints India Results: Latest Quarterly Results & Analysis

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Berger Paints (India) Ltd. 04 Nov 2025 15:44 PM
Result PDF

Q2FY26 Quarterly Result Announced for Berger Paints (India) Ltd.

Paints company Berger Paints (India) announced Q2FY26 results

Q2FY26 Consolidated Financial Highlights:

  • Revenue from Operations for Q2FY26 was Rs 2,827.5 crore as against Rs 2,774.6 crore in Q2FY25, representing an increase of 1.9% over Q2FY25.
  • EBITDA (excluding other income) for Q2FY26 was Rs 352.3 crore as against Rs 434.2 crore in Q2FY25, representing a decl ine of 18.9% over Q2FY25.
  • Net profit for Q2FY26 was Rs 206.4 crore as against Rs 269.9 crore in Q2FY25, representing a decl ine of 23.5% over Q2FY25.

Q2FY26 Standalone Financial Highlights:

  • Revenue from Operations for Q2FY26 was Rs 2,458.5 crore as against Rs 2,430.7 crore in Q2FY25, representing an increase of 1.1% over Q2FY25.
  • EBITDA (excluding other income) for Q2FY26 was Rs 311.2 crore as against Rs 383.4 crore in Q2FY25, representing a decline of 1 8.8% over Q2FY25.
  • Net profit for Q2FY26 was Rs 176.3 crore as against Rs 229.0 crore in Q2FY25, representing a decl ine of 23.0% over Q2FY25.

Abliijit Roy, Managing Director & CEO of Berger Paints India, said: "The extended monsoon season right through this quarter saw a muted demand scenario across most markets in spite of which we were able to deliver high single digit volume growths and a low positive revenue growth. Though the revenue growth rate this quarter was muted, as per our estimates we have continued to improve on our market share for the Apr '25 to Sept '25 period over FY25 levels amongst the major listed companies in the paints & coatings space.

Profitability was impacted by negative scale effect, and an adverse product mix due to the low sales of exterior products and increased investments in brand building efforts in this quarter.

We continued to register healthy and robust growth in our key focus segments of waterproofing, construction chemicals and wood coatings. The automotive and powder coatings performance was slightly better registering mid-single digit growth while protective coatings and general industrial coatings registered a flat growth.

Our subsidiaries & JV's like BJN Nepal, SBL Specialty Coatings Private Limited, Berger Rock Paints Private Limited etc., registered moderate revenue growth but faced pricing pressures leading to a muted profitability performance.

The gradual improvement in domestic demand indicators across segments is a positive indicator going forward. We expect improvement in demand to continue for the rest of this financial year.

The continuing volatile geopolitical situation and uncertainty from the international tariff negotiations are potential risk factors going forward and we are hopeful that these issues will be resolved soon.

At Berger Paints we will continue our efforts on network expansion, innovation and brand building to continue to build value for our investors and stakeholders."

Result PDF

Result PDF

Paints company Berger Paints (India) announced Q1FY26 results

  • Revenue from Operations for Q1FY26 was Rs 3,200.8 crores as against Rs 3,091.0 crores in the Q1FY25, representing an increase of 3.6% over Q1FY25.
  • EBITDA (excluding other income) for Q1FY26 was Rs 528.4 crores as against Rs 522.4 crores in Q1FY25, representing an increase of 1.1 % over Q1FY25.
  • Net profit for Q1FY26 was Rs 315.0 crores as against Rs 354.0 crores in Q1FY25, representing a decline of 11.0% over Q1FY25.

Abhijit Roy, Managing Director & CEO of Berger Paints India, said: "This quarter saw sequential improvements in demand with MoM improvements being observed. The early onset of the monsoon played spoilsport this quarter. We were still able to deliver value growth higher than the listed industry players and continued to improve our market share.

The volume value gap this quarter is 3.6% as compared to 7% the last fiscal. Profitability for the quarter was healthy delivering improvements both on QoQ and YoY basis in spite of increased competitive intensity.

We continued to register robust growth in our key focus segments of waterproofing, construction chemicals and wood coatings. The industrial segment performance was led by the Automotive division with healthy performance on both revenue growth and profitability 

The performance of most of our subsidiaries & JVs like Berger Jenson & Nicholson (Nepal) Private Limited, Berger Becker Coatings Private Limited, Berger Rock Paints Private Limited, Berger Nippon Paint Automotive Coatings Private Limited, etc., were very promising registering strong value and profit growth while others like STP Limited and SBL Specialty Coatings Private Limited reporled a flattish growth.

The gradual and sequential improvement in domestic demand indicators and improving momentum in key markets are positive signs which were interrupted by the inclement weather but will recover in short order.

The volatile geopolitical silual ion and uncertainly result ingfrom the international tariff negol iations are potential risk factors going forward.

As an organization, Berger Paints will continue its efforts of consistent thrust on innovation and brand distinctiveness to navigate our way onward and forward."

Result PDF

Paints company Berger Paints (India) announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Revenue from Operations for the quarter ended 31st March, 2025 was Rs 2,704.0 crore as against Rs 2,520.3 crore in the corresponding quarter of the last financial year, representing an increase of 7.3% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for the quarter ended 31st March, 2025 was Rs 427.8 crore as against Rs 350.9 crore in the corresponding quarter of the last financial year, representing an increase of 21.9% over the corresponding period of last financial year.
  • Net Profit for quarter ended 31st March, 2025 was Rs 262.9 crore as against Rs 222.6 crore in the corresponding quarter of the last financial year, representing an increase of 18. l % over the corresponding period of last financial year.

Standalone Q4FY25 Financial Highlights:

  • Revenue from Operations for the quarter ended 31st March, 2025 was Rs 2,347.5 crore as against Rs 2,249.1 crore in the corresponding quarter of the last financial year, representing an increase of 4.4% over the corresponding period of last financial year.
  • EBITDA (excluding other income) for the quarter ended 31st March, 2025 was Rs 389.5 crore as against Rs 325.1 crore in the corresponding quarter of the last financial year, representing an increase of 1 9.8% over the corresponding period of last financial year.
  • Net Profit for quarter ended 31st March, 2025 was Rs 236.9 crore as against Rs 81.6 crore in the corresponding quarter of the last financial year, representing an increase of 30.5% over the corresponding period of last financial year.

Consolidated FY25 Financial Highlights:

  • Revenue frorn Operations for the year ended 31st March, 2025 was Rs 11,544.7 crore as against Rs 11,198.9 crore in the corresponding financial year, representing an increase of 3.1 % over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for the year ended 31st March, 2025 was Rs 1,856.1 crore as against Rs 1,861.3 crore in the corresponding financial year, representing a decrease of 0.3% over the corresponding period of last financial year.
  • Net Profit for the year ended 31st March, 2025 was Rs 1,182. 8 crore as against Rs 1,169.8 crore in the corresponding last financial year, representing an increase of 1.1 % over the corresponding period of last financial year.

Standalone FY25 Financial Highlights:

  • Revenue from Operations for the year ended 31st March, 2025 was Rs 10,169.2 crore as against Rs 10,002.9 crore in the corresponding financial year, representing an increase of 1 .7% over the corresp011ding period of last financial year.
  • EBlDTA (excluding other income) for the year ended 31st March, 2025 was Rs 1,674. 1 crore as against Rs 1,671.7 crore in the corresponding last financial year, representing an increase of 0. 1 % over the corresponding period of last financial year.
  • Net Profit for the year ended 31st March, 2025 was Rs 1,077.5 crore as against Rs 1,015.1 crore in the corresponding last financial year, representing an increase of 6.2% over the corresponding period of last financial year.

Abhijit Roy, Managing Director & CEO of Berger Paints India said, "The tough market conditions continued into the fourth quarter with muted urban demand and increased competition intensity. In spite of this we were able to deliver high single-digit volume growth, with sequential improvement in value performance with reduced gap between volume-value growth gap, supported by easing impact of Q4FY24 price reductions and momentum in the premium emulsion category. The visible improvement in the industrial and decorative segments were good indicators of a demand improvement cycle.

Operating margin remained within the guided range, aided by improved gross margin and disciplined cost management. Q4FY25 saw the company achieve the highest Gross Margin % in the past 12 quarters Ebidtafor the quarter saw a strong improvement and we are happy to report that we are currently at zero gross debt and have further improved our net cash position at the end of the quarter.

We continue to register robust growth in the waterproofing, construction chemicals and wood coating segments. The industrial segment also saw resilient performance, which bodes well for us in the months ahead.

On the international front, our operations in Poland and Nepal saw good topline performances with the Nepal operations seeing a turnaround on the back of improved business conditions and a low base.

We remain optimistic about the demand scenario for the months ahead on the back of the favorable budget announcements, government spending on infrastructure & development and a good monsoon season. The strained geopolitical conditions in the immediate neighbourhood seems to have stabilized which hopefully will continue.

As always, Berger Paints India Limited is focused on living up to the legacy of trust and innovation and will continue to introduce our customers and industry influencers to a slew of innovative products and services as we progress. Our latest launches in the form of Roof Kool & Seal and Tank Kool have seen enthusiastic acceptance in the market and we hope to see similar reception to the remaining launches scheduled for the upcoming season."

Result PDF

Paints company Berger Paints (India) announced Q3FY25 results

  • Revenue from Operations for Q3FY25 was Rs 2,975.06 crore as against Rs 2,881.83 crore in Q3FY24, representing an increase of 3.2%.
  • EBITDA (excluding Other Income) for Q3FY25 was Rs 471.73 crore against Rs 480.04 crore in Q3FY24, representing a decline of 1.7%.
  • Net Profit for Q3FY25 was Rs 295.97 crore as against Rs 300.16 crore in Q3FY24, representing a decline of 1.4%.

Abhijil Roy, Managing Director & CEO of Berger Paints India, said: "The tough market conditions continued into the third quarter with muted urban demand and slowdown in a few key markets. In spite of this we were able to deliver high single digit volume growth in the quarter and also saw sequential uptick in both volume and value growth. The visible uptick in the industrial segments is a good indicator of a demand improvement cycle. In spite of the difficult market conditions, we are happy to report an improvement in our net cash position and continued improvement in our market share even in this quarter

Though we did well on the volume growth front, the value of sales was lower due to the impact of the price drop taken in the prior quarters and stronger sale seen in the high volume, low value products. Profitability for the quarter, while healthy, had negative growth on the back of the impact of price reductions in prior quarters, currency depreciation and inventory impact of monomer price increase. We continue to register robust growth in the watetproojing, construction chemicals and wood coating segments. The industrial segment also saw improved performance, which bodes well for us in the months ahead

On the international front, our operations in Poland and Nepal saw good topline performances with the Nepal operations seeing a turnaround on the back of improved business conditions and a low base. On the home front, we are happy to announce the completion of our iconic new corporate office in the shape of a can of pain! at New Tnwn, Kolkata. The new office was inaugurated on the 10th Feb 2025 and the occasion was graced by Dr. Shashi Panja, Cabinet Minister, Govt. of West Bengal. This new state-of the-art facility reflects our commitment and confidence in the development and growth of the paints & coatings industry. We thank our consumers, stakeholders and employees for their steady support and good wishes and pray for your continued support, blessing and encouragement in our journey of excellence, innovation and growth

We remain optimistic about the demand scenario for the months ahead on the back of the favorable budget announcements, government .spending on infrastructure & development and a good monsoon season. The weaning of the price decrease impacl also augurs well for the months ahead. We look forward to introducing our customers and industry influencers to a slew of innovative products and services in the months ahead."

Result PDF

Furniture, Furnishing & Paints company Berger Paints (India) announced Q2FY25 results

Standalone Financial Highlights:

  • Revenue from Operations for the Q2FY25 was Rs 2,430.7 crore as against Rs 2,439.8 crore in the Q2FY24, representing a decline of 0.4%.
  • EBITDA (excluding Other Income) for the Q2FY25 was Rs 383.4 crore against Rs 403.1 crore in the Q2FY24, representing a decline of 4.9%.
  • Net Profit for the Q2FY25 was Rs 229.0 crore as against Rs 243.9 crore in the Q2FY24, representing a decline of 6.1 %.

Consolidated Financial Highlights:

  • Revenue from Operations for the Q2FY25 was Rs 2,774.6 crore as against Rs 2,767.3 crore in the Q2FY24, representing an increase of 0.3%.
  • EBITDA (excluding Other Income) for the Q2FY25 was Rs 434.2 crore against Rs 473.7 crore in the Q2FY24, representing a decline of 8.3%.
  • Net Profit for the Q2FY25 was Rs 269.9 crore as against Rs 292.1 crore in the Q2FY24, representing a decline of 7.6%.

Performance Highlights:

  • Despite registering marginal growth, the company has gained market share during the quarter.
  • Construction Chemicals, Waterproofing, Wood Coatings, and Premium & Luxury top coats continued to perform well within the Decorative segment.
  • Protective coatings did well as per expectations.
  • The gross profit margin of 41.7% was the highest in the last 10 quarters.
  • Operating Profit Margin was within guidance level of 15% to 17% during the quarter.

Abhijit Roy, Managing Director & CEO, Berger Paints India, said:"The extended monsoons, adverse weather & flooding in some key markets made this a tough quarter although we saw strong traction towards the quarter end. This resulted in an almost flat quarterly revenue performance and moderate single-digit growth on volume terms. On the profitability front, this quarter saw one of the highest levels of gross margins in the last 10 quarters and our operating margin remained within guidance levels despite the continued investments that the company made in branding, advertisement, and manpower to strengthen our market presence.


Though the quarter numbers were muted, we expect that the second half of the year will be better in terms of revenue and profitability.


We continued to do well in the focus segments of the Company, especially waterproofing, construction chemicals, wood coatings, and the premium plus coating segments. In addition, the Company saw a healthy improvement in its network on the back of the installation of 3804 new Colorbank tinting machines up to September 2024. The mass volume range products however suffered reduced demand due to inclement weather leading to the muted numbers reported for the quarter.

Operating profit for the quarter, while healthy, had a negative growth rate. Three factors contributed to this, (a) the scale effect, (b) our investment in new manpower, and (c) increased investment in advertising and brand-building activities for our differentiated products.

On the international front, our Polish operations continued to do well. However, there was a one-time set-off in projects which has impacted profitability this quarter. Nepal continued to be challenging, but on October 24, Nepal registered a double-digit revenue growth after almost a year and we expect a turnaround in their figures going forward.

We remain optimistic for H2 on the back of the reversal of the price decrease impact and the improving market demand."

Result PDF

Furniture-Furnishing-Paints company Berger Paints (India) announced Q1FY25 results:

  • Revenue from Operations for the quarter ended 30th June, 2024 was Rs 2,806.3 crore as against Rs 2,739.8 crore in the corresponding quarter of the last year, representing an increase of 2.4% over the corresponding quarter of last year.
  • EBITDA (excluding other income) for the quarter ended 30th June, 2024 was Rs 483.7 crore as against Rs 513.83 crore in the corresponding quarter of the last year, representing a decline of 5.9% over the corresponding quarter of last year.
  • Net profit for the quarter ended 30th June, 2024 was Rs 305.5 crore as against Rs 326.3 crore in the corresponding quarter of last year, representing a decline of 6.4% over the corresponding quarter of last year. 

Abhijit Roy, Managing Director & CEO of Berger Paints India, said: "This quarter was tough due to elections, inclement weather and slowdown in a few key markets. In spite of this we were able to deliver double digit volume growth and the highest market share gain in a single quarter.

Though we did well on the volume growth front, the value sales were lower due to the impact of the price drop taken in the prior quarters and stronger sale seen in the high volume, low value products 1 in the waterproofing and construction chemicals category.

Profitability for the quarter, while healthy, had negative growth. Three factors contributed to this, among them being the base effect of a very high margin recorded in QI FY24, impact of price reductions in prior quarters and an increased investment in advertising and brand building activities linked to elections.

We continue to register robust growth in waterproofing, construction chemicals and wood coating segments. The industrial segment had a muted performance in April and May but saw revival from June onwards which bodes well for us in the months ahead.

On the international front, our Polish operations continued to do well while our operations in Nepal continues to be a challenge. We are now starting to see some signs of improvement in Nepal.

As part of the regular succession planning exercise of the Company ensuring seamless transition to the next generation of leaders, Ms Rishma Kaur was appointed as the Chairperson of the Company by the Board of Directors at its meeting held today with effect from 13th August, 2024. Mr Kanwardip Singh Dhingra was appointed as Vice Chairman of the Company by the Board of Directors at its meeting held today with effect from 13th August, 2024. Mr Ku/dip Singh Dhingra and Mr.Gurbachan Singh Dhingra will continue on the Board as Non-Executive Directors designated Chairman Emeritus and Vice chairman Emeritus respectively with effect from 13th August, 2024 and would guide their successors on strategic thinking, leadership and overall understanding of the business.

We remain optimistic on the demand scenario for the year ahead and look forward to introducing our customers and influencers to new innovations in products and services as the year progresses"

Result PDF

Furniture-Furnishing-Paints company Berger Paints (India) announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for the quarter ended 31st March, 2024 was Rs 2,520.3 crore as against Rs 2,443.6 crore in the corresponding quarter of the last financial year, representing an increase of 3.1% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) in Q4FY24 was Rs 350.9 crore as against Rs 368.8 crore in the corresponding quarter of the last financial year, representing a decline of 4.8% over the corresponding period of last financial year.
  • Net Profit for Q4FY24 was Rs 222.6 crore as against Rs 186.0 crore in the corresponding quarter of the last financial year, representing an increase of 19.7% over the corresponding period of last financial year. 

Standalone:

  • Revenue from Operations for Q4FY24 was Rs 2,249.1 crore as against Rs 2,189.3 crore in the corresponding quarter of the last financial year, representing an increase of 2.7% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for Q4FY24 was Rs 325.1 crore as against Rs 342.5 crore in the corresponding quarter of the last financial year, representing decline of 5.1% over the corresponding period of last financial year.
  • Net Profit for Q4FY24 was Rs 181.6 crore as against Rs 196.2 crore in the corresponding quarter of the last financial year, representing a decline of 7.5% over the corresponding period of last financial year

FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for FY24 was Rs 11,198.9 crore as against Rs 10,567.8 crore in the corresponding financial year, representing an increase of 6.0% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for the year ended 31st March 2024 was Rs 1,861.3 crore as against Rs 1,487.2 crore in the corresponding financial year, representing an increase of 25.2% over the corresponding period of last financial year.
  • Profit for FY24 was Rs 1,169.8 crore as against Rs 860.4 crore corresponding last financial year, representing an increase of 36.0% over the corresponding period of last financial year

Standalone:

  • Revenue from Operations for FY24 was Rs 10,002.9 crore as against Rs 9,470.6 crore in the corresponding financial year, representing an increase of 5.6% over the corresponding period of last financial year.
  • EBTDTA (excluding other income) for FY24 was Rs 1,671.7 crore as against Rs 1,345.9 crore in the corresponding last financial year, representing an increase of 24.2% over the corresponding period of last financial year.
  • Net Profit in FY24 was Rs 1,015.1 crore as against Rs 828.4 crore in the corresponding last financial year, representing an increase of 22.5% over the corresponding period of last financial year. 

Abhijit Roy, Managilng Director & CEO of Berger Paints  India said, "We gained market share again in FY24 and as a milestone crossed Rs 10,000 crore in revenue and PAT of Rs 1,000 crore on a stand-alone basis, a significant event on our 100th year in India.

Our Q4FY24 sales were at a healthy double digit volume growth. The value growth was adversely impacted by a massive 4% price reduction in the year, an increased contribution of high-volume low value products and a lower than expected sale in the luxury segment from the anticipation of a price reduction in this segment.

On the profitability front in Q4FY24, while the gross margins were maintained the ebidta reduced due to the one-off effect of subsidy received in Q4FY23, negative operating leverage on account of fixed cost on lower value base & the incremental operating cost of the new Sandi/a plant as well as the conscious call taken on brand building efforts leading to an inaeased advertisement expenditure.

On the whole the company did much better on an annual basis for FY24 delivering a stellar double digit improvement in profitability with all the business lines delivering well with strong double digit volume growths and improvements in profitability especially in the industrial segment. We continue to be focussed on the waterproofing & construction chemicals segment where we saw exceptional growth this year and expect this trend to continue in the years ahead. We remain confident of an improved demand scenario in the upcoming year and have prepared for the same with the launch of multiple innovative new products in the paint, coatings and waterproofing segments to ensure that we provide relevant solutions to the changing needs of our customers. " 

Result PDF

Berger Paints (India) announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenue from Operations: Rs 2,881.83 crore, compared to Rs 2,693.59 crore in the corresponding quarter of the previous year, representing an increase of 7.0%.
  • EBITDA (excluding Other Income): Rs 480.04 crore, compared to Rs 349.65 crore in the corresponding quarter of the previous year, indicating a growth of 37.3%.
  • Net Profit: Rs 300.16 crore, compared to Rs 201.17 crore in the corresponding quarter of the previous year, showing a significant increase of 49.2%.

Consolidated 9MFY24:

  • Revenue from Operations: Rs 8,678.64 crore, compared to Rs 8,124.21 crore in the corresponding period of the previous year, reflecting an increase of 6.8%.
  • EBITDA (excluding Other Income): Rs 1,510.44 crore, compared to Rs 1,118.44 crore in the corresponding period of the previous year, demonstrating a growth of 35.0%.
  • Net Profit: Rs 947.20 crore, compared to Rs 674.39 crore in the corresponding period of the previous year, showing a notable increase of 40.5%.

Commenting on the results, Abhijit Roy, MD & CEO of Berger Paints, said, "The quarter witnessed strong growth on the volume front and robust growth in operating profits, with decorative business line volume growth in double digits. Our Tier 2 and Tier 3 city growth rates were higher than Tier 1 city growth rates. We continued with our aggressive growth in the Waterproofing and Construction Chemicals segment. New product introductions were made in the sealants and roof waterproofing category to fortify our product offerings in this segment. The General Industrial, Auto, and Powder divisions also performed well. In international operations, Bolix S.A., Poland, saw remarkable growth. We continued to expand our network by adding more than 2300 retail touchpoints during this quarter and strengthening digital initiatives to bolster our capabilities as we look at exciting times ahead."

Result PDF

Berger Paints (India) announced Q2FY24 & H1FY24 results:

  • Consolidated Q2FY24:
    • Revenue from Operations for Q2FY24 was Rs 2,767.30 crore as against Rs 2,670.92 crore in Q2FY23, representing an increase of 3.61%.
    • EBITDA (excluding Other Income) for Q2FY24 was Rs 473.65 crore against Rs 363.95 crore in Q2FY23, representing an increase of 30.14%.
    • Net Profit for Q2FY24 was Rs 292.13 crore as against Rs 219.51 crore in Q2FY23, representing an increase of 33.08% over Q2FY23.
  • Consolidated H1FY24:
    • Revenue from Operations for H1FY24 was Rs 5,796.81 crore as against Rs 5,430.62 crore in H1FY23, representing an increase of 6.74%.
    • EBITDA (excluding Other Income) for H1FY24 was Rs 1,030.40 crore against Rs 768.79 crore in H1FY23, representing an increase of 34.03%.
    • Net Profit for H1FY24 was Rs 647.04 crore as against Rs 473.22 crore in H1FY23, representing an increase of 36.73% over H1FY23.
  • Standalone Q2FY24:
    • Revenue from Operations for Q2FY24 was Rs 2,439.83 crore as against Rs 2,373.75 crore in Q2FY23, representing an increase of 2.78%.
    • EBITDA (excluding Other Income) for Q2FY24 was Rs 403.12 crore against Rs 318.29 crore in Q2FY23, representing an increase of 26.65%.
    • Net Profit for Q2FY24 was Rs 243.89 crore as against Rs 190.68 crore in Q2FY23, representing an increase of 27.91 % over Q2FY23.
  • Standalone H1FY24:
    •  Revenue from Operations for H1FY24 was Rs 5,179.59 crore as against Rs 4,862.42 crore in H1FY23, representing an increase of 6.52%.
    • EBITDA (excluding Other Income) for H1FY24 was Rs 916.95 crore against Rs 692.01 crore in H1FY23, representing an increase of 32.51%.
    • Net Profit for H1FY24 was Rs 570.21 crore as against Rs 425.08 crore in H1FY23, representing an increase of 34.14% over H1FY23.

Commenting on the results, Abhijit Roy MD & CEO, Berger Paints said, " We had double-digit volume growth in the decorative segment with lesser value growth as the sale of low-end and commodity items is high during this quarter. Due to the delayed festive season and rains in September, the sale of topcoats especially exterior coatings was heavily impacted. H(JWever, we see this improving considerably in Quarter 3. We continue to work firmly on network expansion and implementation of key digital initiatives which should bear fruit in months ahead. The General Industrial and Powder coatings vertical witnessed robust value growth with a strong showing on the profit front as well. "

 

Result PDF

Furniture-furnishing paints company Berger Paints (India) announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 3,029.51 crore as against Rs 2,759.70 crore in Q1FY23, representing an increase of 9.8% YoY.
    • EBITDA (excluding other income) for Q1FY24 was Rs 556.75 crore as against Rs 404.84 crore in Q1FY23, representing an increase of 37.5% YoY.
    • Net profit (after share of profit/loss of associates and joint ventures) for Q1FY24 was Rs 354.91 crore as against Rs 253.71 crore in Q1FY23, representing an increase of 39.9% YoY.
  • Standalone Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 2,739.76 crore as against Rs 2,488.67 crore in Q1FY23, representing an increase of 10.1% YoY.
    • EBITDA (excluding other income) for Q1FY24 was Rs 513.83 crore as against Rs 373.72 crore in Q1FY23, representing an increase of 37.5% YoY.
    • Net profit for Q1FY24 was Rs 326.32 crore as against Rs 234.40 crore in Q1FY23, representing an increase of 39.2% YoY.
  • The Board of Directors at its meeting held on August 9, 2023, considered and approved the issue of 1 bonus equity share of the face value of Re 1/- each against 5 equity shares of the face value of Re 1/- each. This is subject to the shareholder’s approval.

“Berger Paints continued to deliver on its promise of excellence and outperformed the market. The decorative business saw double-digit growth both on the Value and Volume fronts on high bases. Our operating profit to Sales % also increased substantially to 18.8%, a growth of 37.5% and a 2-year CAGR of 52.5%. We usually are in the range of 16-18% of operating profits and the Q1 performance has surpassed that range. Decorative registered volume growth in the mid-teens and double-digit value growth. Auto GI and protective division have done well even on high bases. Powder coatings underperformed in Q1 but are expected to do better in Q2. Nepal operations underperformed due to country-specific issues and will rebound in the coming quarter.

We continue to focus on network expansion and invest in our brands. All our differentiated products like anti dust, easy clean, and longlife continue to grow handsomely.

With normal monsoons ahead and an extended festive season, we are gearing up for exciting times ahead.” said Abhijit Roy, MD and CEO, Berger Paints India.

 

 

Result PDF

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