Intimation of Analyst/Investor Meet

Berger Paints India Limited

Event Type: Earnings conference call for Q1 FY27 results, conducted after the Board of Directors meeting held on 5th August 2026.

Date and Time: The call was hosted on August 5, 2026 (specific time not mentioned in transcript).

Purpose: Discussion of quarterly results for the period ended 30th June 2026 and business outlook.

Management Participants:

  • Mr. Abhijit Roy - Managing Director and Chief Executive Officer
  • Mr. Kaushik Ghosh - Chief Financial Officer
  • Mr. Sayantan Sarkar - General Manager-Finance & Accounts

Moderator: Mr. Rajesh Kumar from Emkay Global Financial Services

Financial Highlights Disclosed:

  • Standalone volume growth: 8.4%
  • Standalone revenue growth: 12.7%
  • Standalone PBDIT growth: 12.6%
  • Standalone PAT growth: 25.5%
  • Consolidated PAT growth: 28.6%
  • Decorative business value growth: 13.5%
  • Decorative business operating profit growth: nearly 20%
  • Gross margin: 39.3%
  • Operating profit margin: 17.4% (standalone)
  • Consolidated PBDIT margin expanded by 40 basis points YoY
  • Cash surplus: ₹1,424 crores as of end June FY27

Business Segment Performance:

  • Decorative business outperformed with 13.5% value growth
  • Protective GI and powder coatings divisions recorded relatively lower growth due to delayed price increases
  • Automotive coatings reported healthy double-digit value growth
  • HomeShield and wood coatings delivered strong growth
  • Exterior emulsions performed well
  • Color Plus interior emulsion gained strong traction in premium segment
  • Construction chemicals and waterproofing delivered robust volume and value growth

Operational Metrics:

  • Store footprint expanded to 1,900+ stores (900+ urban stores)
  • Tinting machine installations crossed 2,100+ for the quarter
  • Target of 10,000 tinting machine installations for the year

Outlook and Guidance:

  • Double-digit revenue growth expected to sustain in FY27
  • Operating margins expected to remain within guided range of 15-17%
  • Q2 performance expected to be slightly better than Q1
  • Well-progressing monsoon may support rural sentiment
  • Market competitiveness expected to stay elevated
  • Full impact of price increases in industrial business expected in Q2

Subsidiary Performance:

  • Nepal and Bhutan operations registered double-digit value growth
  • Bolex reported flattish revenue due to seasonal factors but profitability improved
  • STP delivered improved profitability supported by favorable product mix
  • BNPA Joint Venture posted robust growth in revenue and profits
  • Berger Becker JV maintained strong performance with healthy revenue growth

Compliance Statement: The transcript was submitted pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, and has been uploaded on the company website at https://www.bergerpaints.com/investors/download.

Additional Notes Section

  • The document includes the full transcript of the earnings conference call with management commentary and analyst Q&A session.
  • Financial data was extensively disclosed during the call including specific growth rates, margin figures, and operational metrics.
  • The company discussed its new marketing campaign "Jaise Hodin, Rangan" which has received positive market feedback.
  • Management provided detailed commentary on raw material price volatility, competitive landscape, and regional demand trends.
  • Capex guidance of ₹600-800 crores for the year was provided, primarily for new factories in Panagar and Odisha.