Net profit jumped 27.75% year-over-year to ₹334.77Cr in Q4 FY2025-2026. Q2 FY26 saw high single-digit volume growth but muted value growth due to extended monsoon, impacting premium product sales and margins, though investments in network and brand building continued with expectations for improved demand in H2. The company faces near-term headwinds from monsoon seasonality and competitive intensity, balanced by structural demand growth in emerging India paint consumption.
Cyborg Score Rationale
Market capitalization of ₹57,565.56 Cr as of July 17, 2026 reflects strong market position, and 27.75% YoY net profit growth in Q4 FY26 demonstrates operational leverage. However, the company has delivered poor sales growth of 11.8% over past five years and faces seasonal/competitive headwinds.
Top Insights
Berger Paints market cap is ₹57,566 Crore with annual revenue of ₹11,880 Cr and profit of ₹1,128 Cr, making it India's second-largest paint manufacturer by scale with consistent dividend returns.
Decorative, construction chemicals, and wood coatings outperformed in recent periods, signaling successful diversification beyond pure decorative paint into higher-margin specialty segments.
Extended monsoon in Q2 FY26 impacted premium product sales and margins, highlighting operational vulnerability to seasonal weather patterns and pricing power constraints in discretionary paint demand.
Named Competitors
Asian Paints — India's largest paint and coatings manufacturer
Kansai Nerolac — Premium decorative and industrial coatings
Akzo Nobel — Specialty coatings and paints for automotive and industrial use
Recent Developments
(March 2026) Q4 FY26 net profit grew 27.75% YoY to ₹334.77 Cr with ₹2,868.03 Cr quarterly revenue
(June 2026) Q2 FY26 high single-digit volume growth but muted value growth due to extended monsoon impact on premium segments
(August 2026) 102nd AGM scheduled for August 12, 2026; ₹4 per share dividend announced
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