Berger Paints (I) Limited — Investor Meet, 05-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Berger Paints reported Q3 FY26 standalone revenue up 0.4% to ₹2,595 Cr, but PAT declined 2.5%. For the nine-month period, standalone PAT fell 8.6%. Consolidated Q3 revenue grew 0.3%, with PAT down 8.3%. Gross margins expanded from improved product mix and stable raw material costs, keeping PBDIT margins within range. Volume growth was high single-digit, but value growth remained muted due to product mix shifts. Decorative business saw network expansion, strong growth in Wood Coatings and Construction Chemicals. Net cash improved to ₹918 Cr. Management anticipates gradual demand recovery amidst elevated competition, focusing on branding and distribution.