Berger Paints (I) Limited — PPTs, 06-06-2025: Investor Presentation

1. Financial Highlights:

Berger Paints reported standalone revenues of ₹10,169 Cr and consolidated revenues of ₹11,545 Cr, reflecting steady growth. Standalone operating profit stood at ₹1,856 Cr with stable operating margins around 16.6%. The decorative segment saw a 7.7% volume rise, driven by improved product mix and moderate price increases. Consolidated PBDIT increased 21.9% year-on-year, led by margin expansion in subsidiaries such as Bolix and BNPA. The net cash position improved to ₹688.6 Cr, indicating a healthier balance sheet with lower debt.

2. Strategic Initiatives & Growth Drivers:

Capacity expansion continues with brownfield projects at existing plants and new sites in West Bengal and Odisha. Product innovation is highlighted by the Kool Range targeting roof and tank coatings with superior weather resistance. Sustainability focus is strong, with renewable energy use up 5.2%, non-renewable fuel consumption down 8.8%, plus notable reductions in carbon footprint and water use. Infrastructure and industrial coatings benefit from government capex and “Make in India” manufacturing growth trends.

3. Business Developments:

Subsidiaries like Bolix delivered strong revenue and profitability growth, while BNPA expanded automotive customer bases. BJN Nepal posted a strong recovery, supporting consolidated results. Partnerships with global players such as Nippon Paint continue to enhance product portfolios across segments.

4. Market Position & Competitive Advantage:

Berger ranks as India’s second-largest decorative paints player with a 20.3% market share and leads in protective and industrial coatings. Its broad geographic reach, leadership in key segments, and strategic partnerships provide scale advantages and market differentiation.

5. Investor Implications:

The company demonstrates positive growth potential on steady volume gains, margin stability, and a strong balance sheet. Expansion into infrastructure coatings and sustainability-led innovation add to upside possibilities. Execution risks include raw material inflation and competitive intensity, but the overall outlook appears favorable for retail investors.