Berger Paints (I) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
BERGEPAINT · price
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Berger Paints reported muted Q2 FY26 results with consolidated revenue rising only 1.9% YoY to Rs 2,827.5 crores, while net profit fell 23.5% to Rs 206.4 crores. On a standalone basis, Q2 revenue grew 1.1% to Rs 2,458.5 crores but net profit dropped 23% to Rs 176.3 crores; H1 standalone net profit declined 12.1% to Rs 470 crores. EBITDA fell sharply (consolidated Q2 down 18.9% to Rs 352.3 crores; H1 down 7.9%) due to negative operating leverage, weaker mix from low exterior product sales, and higher brand-building spend, despite high single-digit volume growth. Management cited an extended monsoon that suppressed demand and flagged geopolitical and tariff uncertainties as risks. Results include a Rs 36.81 crore exceptional loss from a Q1 FY26 warehouse fire at Barasat, West Bengal, for which an insurance claim has been filed. The limited review was completed by B S R & Co. LLP with an unmodified opinion; the firm appears to have replaced the predecessor auditor during the current financial year.
Profitability took a meaningful hit with double-digit PAT declines even as topline barely grew, suggesting margin pressure that may weigh on near-term sentiment. Investors should note the warehouse fire exceptional item is non-recurring and recoverable via insurance, while the auditor change is a procedural matter but worth monitoring for any governance signals.