Berger Paints (I) Limited has informed the Exchange about Investor Presentation
BERGEPAINT · price
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Berger Paints reported Q2 FY26 standalone volume growth of 8.8% but value growth of just 1.1%, reflecting a significant volume-value gap driven by downtrading, lower sales of premium exterior emulsions, and pricing actions taken through FY24. Total income from operations rose marginally to ₹2,458 crore while PBDIT margin dropped sharply to 12.7% (from 17.4% in Q1 FY26) due to weak operating leverage and higher advertising spends. Profit after tax fell 23% year-on-year to ₹176 crore. Gross margin held stable at around 40% on a QoQ basis. Management expects demand revival post-Diwali with improving weather and pent-up demand, and guided that gross margin should improve in the short term on benign raw material prices and better product mix. Net cash position eased to ₹636 crore from ₹670 crore due to a ₹443 crore dividend payout.
A weak quarter with a steep PBDIT margin contraction and sub-2% value growth is likely to weigh on near-term investor sentiment, though management's guidance on margin recovery and post-festive demand revival could provide some support. Watch for whether the value-volume gap narrows in the coming quarters.