Berger Paints (I) Limited — PPTs, 05-02-2026: Investor Presentation

**Business Performance:** Berger Paints saw high single-digit volume growth in Q3 FY26, though standalone value growth was muted at 0.4%, partly due to an extended monsoon. Consolidated total income grew marginally to ₹2,984.0 Cr. Gross margins expanded YoY and QoQ, supported by an improved product mix and stable raw material prices, keeping PBDIT margins within their guided range. The decorative business, especially Wood Coatings, performed well.

**Growth Drivers or Strategy:** The company is actively expanding its dealer network, adding over 2,500 color bank machines and 1,800+ stores. Urban initiatives are showing positive momentum. The strategic focus remains on revenue growth, maintaining gross margins, and investing in branding and distribution.

**Recent Developments:** New product launches, including Kolor Plus emulsion and Luxol Metallica enamel paint, saw good traction. Both Construction Chemicals and Wood Coatings segments reported robust growth.

**Key Financial Metrics:** For Q3 FY26, consolidated revenue reached ₹2,984.0 Cr (up 0.3% YoY), while Profit After Tax (PAT) was ₹271.3 Cr (down 8.3% YoY).

**Management Commentary / Outlook:** Management observes early signs of gradual demand improvement. Competitive intensity is expected to remain high, with potential near-to-medium-term volatility from geopolitical factors and currency fluctuations.