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Berger Paints (I) share price & results

Berger Paints (I) Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's second-largest paint company, making decorative, industrial, protective and automotive coatings.

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Guidance Hit Rate
15 targets · 20% hit rate 1 achieved · 10 active →
Segment Shift
Sector & Mix Compare sector growth & peers →
Reverse DCF
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Concall & Tone
Q1 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹465.1 −0.31% · −₹1.45

Last close 30 Oct 2026 · NSE · INR · Source: Inve

Performance −14.7% 1Y

₹400₹450₹500₹550₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 5 Feb 2026Q1 FY27 — 5 Aug 2026

1Y: ₹545.05 on 29 Oct 2025 → ₹465.1. High ₹590.1 (20 Nov 2025), low ₹404.5 (16 Mar 2026).

Previous close
₹466.55
Market cap
₹54.2k Cr
52-week range
₹404.5 – ₹590.1
One year
−14.62%
Price to earnings (TTM to Jun 2026)
44.16×
Return on equity (TTM to Jun 2026)
18.79%

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,584 ₹ crore+12.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin17.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit405 ₹ crore+28.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity18.79 %−2.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.73 %+1.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)5.22 %−0.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 5 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

Berger Paints (I) Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (1 achieved, 4 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA Margin15 to 17% range
Call transcript, Q3 FY25 · 11 Feb 2025		Q3 FY25Q1 FY27:Standalone Operating Profit Margin at 17.4%. Guidance reiterated for FY27.
Call transcript, Q1 FY27 · 5 Aug 2026		Achieved
Volume-Value Growth Differential2-2.5% to sustain in the next few quarters
Call transcript, Q3 FY25 · 11 Feb 2025		Q3 FY25Q1 FY27:Overall volume growth was 8.4% and consolidated revenue growth was 12%, implying a gap of 3.6%. This is well above the 2-2.5% target.
Call transcript, Q1 FY27 · 5 Aug 2026		Missed
Overall Volume Growth (Next Year)double-digit volume growth should happen
Call transcript, Q3 FY26 · 5 Feb 2026		Q3 FY26Q1 FY27:Q1 FY27 volume growth was 8.4%. Q2 FY27 volume growth guided at 7.5-8%. Both are below the double-digit target.
Call transcript, Q1 FY27 · 5 Aug 2026		At Risk

Source: Inve Guidance Tracker for Berger Paints (I) Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Berger Paints (I) Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Supply chain

Cross-company call evidence

Named counterparties and similar headwinds disclosed on earnings calls.

Similar headwinds reported by sector peers

  • demand conditions · Q2 FY27

    1 other company · demand end market

    Crompton Greaves Consumer Electricals Limited (CROMPTON) reported: The industry is currently facing commodity cost pressures and unpredictable geopolitical developments, which the company is addressing through price increases and cost optimization.

  • weather or labor disruption · Q2 FY27

    1 other company · labor execution

    Metro Brands Limited (METROBRAND) reported: Continued investment in talent and brand building, higher frontline staff costs due to minimum wage revisions, and modest occupancy costs are impacting profitability.

  • freight and shipping · Q2 FY27

    2 other companies · logistics supply chain

    VARMORA (VARMORA) reported: Export revenue fell 18% and export volume fell to 2.03 MSM from 3.42 MSM. FY27 guidance depends on exports reviving. Management says freight is easing (US rates down to about 5,500 from 7,000-7,500)

    SONAM LIMITED (SONAMLTD) reported: Freight costs accounted for 30% to 40% of H1 other expenses (₹7.5 cr), suppressing export competitiveness and prompting a pivot toward domestic markets.

  • supply chain disruption · Q2 FY27

    3 other companies · logistics supply chain

    Metro Brands Limited (METROBRAND) reported: BIS issues for Foot Locker and MetroActiv are constraining supply readiness and expansion pace; FILA's supply chain is erratic due to factory license renewals.

    Kajaria Ceramics Limited (KAJARIACER) reported: Morbi tile exports are expected to drop to ~INR 12,000 crores for FY27 owing to elevated shipping container rates and vessel availability issues.

    Orient Electric Limited (ORIENTELEC) reported: Affects supply chain visibility and business planning.

  • raw material costs · Q2 FY27

    4 other companies · raw material cost

    Havells India Limited (HAVELLS) reported: Macroeconomic uncertainties persist and commodity prices remain elevated, impacting margins in some segments.

    Orient Electric Limited (ORIENTELEC) reported: Continued inflation in copper, aluminum, and crude-linked movements impacts gross margins, requiring ongoing price increases.

    VARMORA (VARMORA) reported: Propane rose from ₹80.53 (Q2 average) to ₹92 now. Input costs are up 14-15% against a 17% price hike, leaving about 3% headroom. Management will raise prices if a large increase lasts 1-1.5 months

    SONAM LIMITED (SONAMLTD) reported: War environment and raw material inflation raised manufacturing costs, which management plans to counter via premium product launches.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

BERGEPAINT ₹465.1 −0.31%
Guidance Verdict (15 tracked) 1 kept · 10 open· 4 missed
AI Call Brief · Q1 FY27

Berger Paints (I) Limited Q1 FY27

Overview

Symbol
NSE:BERGEPAINT
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Berger Paints (I) Limited does

Based on the company's own presentations, annual report and earnings calls.

Berger Paints India manufactures and sells decorative paints (interior/exterior emulsions, wood coatings) as well as industrial paints, protective coatings, automotive coatings, powder coatings and construction chemicals/waterproofing products, sold through a pan-India dealer and retail network. It also operates value-added services such as tinting/colour-matching machines and an Express Painting home-painting service. Beyond India, the group manufactures and sells through subsidiaries and joint ventures in Nepal, Poland and Russia, and holds a market-leading position in protective and general industrial coatings in India.

Segments

  • Decorative paints
  • Industrial paints
  • Construction chemicals
  • Waterproofing
Market position in India
Second-largest paint company in India; No.1 in protective and general industrial coatings
Domestic paint manufacturing units
15 (Berger and British Paints divisions)
Global manufacturing facilities
29 (includes Berger and British Paints divisions and subsidiaries/JVs in Nepal, Poland and Russia)
Retail/distribution touchpoints
~59,000 pan-India
Geographic presence
150+ districts across 28 states
Colour bank machines installed
57,000+
Founded 1923Headquarters Kolkata, West Bengal, India Company website

How the price took the results

close before → close after

Q1 FY27
+2.1%
5 Aug
Q3 FY26
−1.6%
5 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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