Berger Paints (I) Limited — PPTs, 11-02-2025: Investor Presentation

**Financial Highlights:** Berger Paints reported a stable Q3 FY25 with total income from operations at ₹2,584.76 Cr, marking a 0.4% increase. The decorative segment achieved high single-digit volume growth, supported by strong performance in exterior premium products and the waterproofing segment, which saw double-digit growth. Operating margins remained within guidance, improving sequentially despite marginal contraction in gross margins due to earlier product price reductions and currency depreciation.

**Strategic Initiatives and Growth Drivers:** The company continues to expand its retail network, adding over 2,000 points of sale and enhancing its tinting machine installations, aligning with growth strategies in the decorative business. The protective coatings sector also maintained its strong leadership, benefiting from increased government infrastructure initiatives.

**Business Developments:** New corporate headquarters inaugurated, marking a pivotal investment in innovation and operational efficiency. The overseas subsidiary, BJNNepal, showed strong growth, contributing positively to overall performance.

**Market Position and Competitive Advantage:** Maintaining a market share exceeding 20%, Berger Paints solidifies its position in a competitive market through strategic product offerings.

**Investor Implications:** A positive outlook indicates sequential growth driven by improving consumer sentiment and effective management of price adjustments, while risks related to geopolitical factors and currency fluctuations remain. Overall, this positions Berger Paints for potential growth in the coming quarters.