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Berger Paints India Results: Latest Quarterly Results & Analysis

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Berger Paints (India) Ltd. 12 May 2026 16:36 PM

Q4FY26 & FY26 Result Announced for Berger Paints (India) Ltd.

Paints company Berger Paints (India) announced Q4FY26 & FY26 results

Standalone Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 2,504.00 crore, compared to Rs 2,595.01 crore in Q3FY26 (a decrease of 3.51% QoQ) and Rs 2,347.45 crore in Q4FY25 (an increase of 6.67% YoY).
  • Total Income for Q4FY26 stood at Rs 2,540.15 crore, reflecting a decrease of 5.95% QoQ from Rs 2,700.73 crore in Q3FY26 and an increase of 7.32% YoY from Rs 2,366.90 crore in Q4FY25.
  • Profit for the period (Net Profit) in Q4FY26 was Rs 327.28 crore, representing an increase of 9.69% QoQ compared to Rs 298.37 crore in Q3FY26 and an increase of 38.14% YoY compared to Rs 236.92 crore in Q4FY25.
  • Total Comprehensive Income for Q4FY26 reached Rs 331.36 crore, showing an increase of 10.76% QoQ from Rs 299.16 crore and an increase of 40.09% YoY from Rs 236.53 crore.
  • For FY26, standalone Revenue from operations was Rs 10,420.10 crore, an increase of 2.47% YoY from Rs 10,169.22 crore in FY25.
  • Annual Standalone Total Income for FY26 was Rs 10,612.97 crore, a 3.12% increase over Rs 10,291.43 crore in FY25.
  • Annual Standalone Net Profit for FY26 stood at Rs 1,095.66 crore, growing by 1.69% YoY compared to Rs 1,077.50 crore in FY25.
  • Basic Earnings Per Share (EPS) for FY26 was Rs 9.40, up from Rs 9.24 in FY25.

Consolidated Financial Highlights:

  • Revenue from operations for Q4FY26 was Rs 2,868.03 crore, representing a decrease of 3.89% QoQ from Rs 2,983.97 crore in Q3FY26 and an increase of 6.07% YoY from Rs 2,704.03 crore in Q4FY25.
  • Total Income for Q4FY26 was Rs 2,889.74 crore, reflecting a 4.14% decline QoQ from Rs 3,014.50 crore in Q3FY26 and a 6.19% increase YoY from Rs 2,721.14 crore in Q4FY25.
  • Profit for the period (Net Profit) in Q4FY26 was Rs 335.25 crore, reflecting an increase of 23.55% QoQ from Rs 271.35 crore in Q3FY26 and an increase of 27.52% YoY from Rs 262.91 crore in Q4FY25.
  • Total Comprehensive Income for Q4FY26 was Rs 351.39 crore, up by 24.43% QoQ from Rs 282.43 crore and up by 38.40% YoY from Rs 253.89 crore.
  • For FY26, consolidated Revenue from operations was Rs 11,880.25 crore, an increase of 2.91% YoY compared to Rs 11,544.71 crore in FY25.
  • Annual Consolidated Total Income for FY26 reached Rs 11,986.95 crore, up 2.99% YoY from Rs 11,639.49 crore.
  • Annual Consolidated Net Profit for FY26 was Rs 1,128.02 crore, a decrease of 4.63% YoY from Rs 1,182.81 crore in FY25.
  • Basic Earnings Per Share (EPS) for FY26 was Rs 9.67, compared to Rs 10.13 in FY25.

Business Highlights:

  • Dividend: The Board of Directors recommended a dividend of Rs 4.00 (400%) per equity share of face value of Re 1/- each for FY26.
  • Segment Performance: The company is primarily engaged in the "Paints and Coatings" business. In accordance with Ind AS 108 - Operating Segments, there are no separate reportable segments.
  • Operational Growth: Standalone operations achieved a volume growth of 11.8% during the quarter despite challenging market conditions.
  • Automotive and Industrial Performance: The automotive segment showed strong performance due to CST cuts and lower financing costs. The General Industrial segment also reported healthy growth.
  • New Launch: The company launched "Kolor Plus" in the premium emulsion segment, which received a heartening market response.
  • Subsidiaries & JVs: Bolix SA, Berger Becker Coatings, Berger Nippon, and Berger Rock delivered strong double-digit growth in both topline and operating profit. SBL Specialty Coatings Private Limited registered moderate growth.
  • Nepal Operations: Performance in Nepal remained impacted by the unstable political scenario and elections.
  • Inorganic Growth: In April 2024, Bolix S.A. (a step-down subsidiary) acquired the remaining 25% stake in Surefire Management Services Limited (SMSL), making it a 100% wholly-owned subsidiary.

Abhijit Roy, Managing Director & CEO, Berger Paints India, said: "The progressive demand improvement seen in the previous quarter continued into the 4th quarter which enabled the achievement of a healthy volume growth of 11.8% for the quarter. This growth was supported by a qualitative improvement in mix and softening of raw material prices resulting in a 10-quarter high Gross Margin and Operating Profit Margin.

We continued to register healthy and robust growth in our key focus segments of waterproofing, construction chemicals and wood coatings. The positive market response to our new launch "Kolor Plus" in the premium emulsion segment is very heartening. Our efforts in network expansion and improving growth in low market share Urban markets continue to show positive uptick ,nonth on month leading us to being hopeful of improved results going forward.

The automotive segment performed strongly following the increased demand post CST cuts and lower financing costs. This was closely followed by the General Industrial segment which also saw good growth. . Protective and Powder Coatings registered improvements month on month indicating a recovery in growth levels towards the end of the quarter.

Our subsidiaries & IVs like Bo/ix SA, Berger Becker Coatings, Berger Nippon & Berger Rock delivered strong double-digit growth in both topline and operating profit. SBL Specialty Coatings Private Limited registered moderate revenue and profit growth for the quarter.

Our Nepal operations peiformance remained impacted by the unstable political scenario & elections there which is expected to now improve with the changed scenario. STP Limited topline remained impacted resulting in a muted operating profitability due to scale.

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. The calibrated price increases of over 11% initiated in a staggered manner from end March'26 is expected to support the Gross Margin amid rising raw material cost.

Forex volatility and geopolitical uncertainty continue to pose near-term margin risks on both supply disruptions and raw material inflation.

At Berger Paints our efforts will remain focused on network expansion, product & service innovation and brand building aimed at improving value for our investors and stakeholders."

Result PDF

Paints company Berger Paints (India) announced Q3FY26 results

  • Revenue from Operations for Q3FY26 was Rs 2,984.0 crore as against Rs. 2,975.1 crore in Q3FY25, representing an increase of 0.3% .
  • EBITDA (excluding Other Income) for Q3FY26 was Rs 471.0 crore against Rs 471.7 crore in Q3FY25, representing a decline of 0.2%.
  • Net Profit for Q3FY26 was Rs 271.3 crore as against Rs 296.0 crore in Q3FY25, representing a decline of 8.3%.

Abltijit Roy, Managing Director & CEO, Berger Paints India, said: "The extended monsoons into October and the shortened festive season led to a negative October, after which we saw progressive demand improvement over the rest of the quarter, enabling achievement of good volume growth of 8.5% for the quarter.

We also saw our gross margins improving to reach the highest levels for the past 15 quarters, enabling delivery of EBIDTA within the guidance range. EBIDTA % remained impacted by negative scale effect and continued investments in brand building. We expect to see improvements coalesce over the coming months.

We continued to register healthy and robust growth in our key focus segments of waterproofing, construction chemicals and wood coatings. The efforts in network expansion and urban initiative are delivering positive upticks month on month making us hopeful of improved results going forward.

The automotive coatings pe,formance continued to be good registering mid-single digit growth while protective coatings and general industrial coatings also registered positive growth.

BJN Nepal results, while positive, continue to be impacted by the disturbed political scenario. STP Limited was impacted by a temporary shutdown at Jamshedpur; operations have now normalized. SBL Specialty Coatings Private Limited's (SBL) revenue was impacted by slowdown in the fan induslfy and lower export demand. Profit at SBL was adversely impacted by a one-off expense due to the commissioning of its new factory near Chandigarh. Our JV's namely BNPA and Berger Becker recorded robust double-digit growth in both topline and bottom-line.

Forex volatility and geopolitical uncertainty continue to pose near-term margin risks.

The gradual improvement in domestic demand indicators across segments and sequential monthly uptick in demand are positive indicators going forward. Results in the months ahead are expected lo reflect these improvements.

At Berger Paints our efforts will remain on network expansion, innovation and brand building to build increasing value for our investors and stakeholders. We are happy to report ESG excellence at Berger Paints where we were awarded a score of 64 across ESG parameters by NSE placing us ahead of our industry peers reflecting our people-first practices, disciplined governance and responsible operations."

Result PDF

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

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

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