According to reports from CNBC TV18, Berger Paints India Ltd delivered mixed results for the December quarter, with net profit declining 8.1% YoY to ₹271.1 crore while revenue remained largely flat at ₹2,984 crore, up just 0.3% YoY. The company's EBITDA stood at ₹471 crore, nearly unchanged from last year, with margins at 15.78%, broadly in line with guidance. Shares closed 1.3% lower at ₹473.85 on the NSE following the results announcement. As per Mint, the company missed analyst estimates of ₹285.83 crore for the quarter, with net profit attributable to owners falling about 8% quarter-on-quarter to ₹271.16 crore. The company also recognized a one-time exceptional charge of ₹53.31 crore during the quarter, arising from increased employee obligations following the implementation of labour codes.
As reported by CNBC TV18, standalone volumes grew a robust 8.5% during the quarter, supported by a gradual recovery in demand after a weak October impacted by extended monsoons and a shortened festive season. The company's gross margins touched their highest level in the past 15 quarters, aided by input cost moderation. According to the latest reports, standalone volume growth was 8.5% and value growth was 0.4%, attributed to a higher share of economy emulsions, textures and tile adhesives, coupled with price corrections taken in 2024-25 in the economy emulsion segment. EBITDA margin remained under pressure due to negative operating leverage and sustained investments in brand building. Growth momentum continued across key focus segments, including waterproofing, construction chemicals and wood coatings, with automotive coatings registering mid-single-digit growth and protective and general industrial coatings also posting positive performance.
According to the report, key focus segments — waterproofing, construction chemicals and wood coatings — continued to deliver healthy growth. Automotive coatings registered mid-single-digit growth, while protective and general industrial coatings also saw positive momentum. Abhijit Roy, Managing Director & CEO, commented that "The extended monsoons into October and the shortened festive season led to a negative October," adding that after October, they saw progressive demand improvement over the rest of the quarter. He added that these trends are expected to coalesce into better performance in the coming months, though near-term risks from forex volatility and geopolitical uncertainty remain. The company reiterated its focus on network expansion, innovation and brand building. The management expressed optimism about improving demand trends and margin stability within guidance for the coming months, with stable margins within the guided range and improving demand trends expected to support performance in the coming quarters.
As reported by CNBC TV18, the company reaffirmed its focus on network expansion, innovation and brand building. The company also highlighted strong ESG performance, with Berger Paints scoring 64 on NSE's ESG parameters, ahead of industry peers. The management expressed optimism about improving demand trends and margin stability within guidance for the coming months, with stable margins within the guided range and improving demand trends expected to support performance in the coming quarters. "The gradual improvement in domestic demand indicators across segments and the sequential monthly uptick in demand are positive indicators going forward," Roy stated, adding that results in the months ahead are expected to reflect these improvements.
