Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q3 FY26 Earnings Presentation
25 slides from Berger Paints India's earnings presentation, Feb 5, 2026
Slide 1: Berger Paints India Limited Earnings Update Call, Q3 FY26
Berger Paints India Limited Earnings Update Call, Q3 FY26 February 05, 2026
Slide 2: Q3 FY26 BPIL Standalone: Snapshot
Q3 FY26 BPIL Standalone : Snapshot Extended YoY and QoQ High single-digit monsoon expansion of volume growth spillover into gross margin PBDIT margin is while value October backed by within guided growth remains impacted improved range muted demand product mix and momentum stable RM prices
Slide 3: Standalone: Q3 FY26 Topline Performance
Standalone : Q3 FY26 Topline Performance Growth % 8.5% 0.4% ➢ Value–volume gap driven by mix shift~ higher share of economy emulsions , textures & tile adhesives coupled Volume Value with price corrections taken in FY25 in the economy emulsion segment. Q3 FY26 ➢ Automotive segment delivered steady q
Slide 4: CAGR – Q3 FY26 and Nine Months FY26
CAGR –Q3 FY 26 CAGR – Nine Months FY 26 8.5% 13.9% 8.3% 10.7% 8.9% 8.7% 7.9% 7.9% Volume 2 Years 3 Years 4 Years 5 Years 2 Years 3 Years 4 Years 5 Years 6.9% 13.4% 3.6% 8.0% 2.4% Value 2.8% 0.4% 1.0% 2 Years 3 Years 4 Years 5 Years 2 Years 3 Years 4 Years 5 Years
Slide 5: Gross margin stable on a QoQ basis
Gross margin stable on a QoQ basis 41.2 41.2 40.4 40.3 40.3 40.1 40.0 39.8 39.6 39.6 39.4 39.3 Q4 FY 23 Q1 FY 24 Q2 FY 24 Q3 FY 24 Q4 FY 24 Q1 FY 25 Q2 FY 25 Q3 FY 25 Q4 FY25 Q1 FY 26 Q2 FY 26 Q3 FY 26
Slide 6: Standalone QoQ: Operating Profit %
Standalone QoQ : Operating Profit % 18.8 17.2 17.4 16.5 16.7 16.2 16.6 15.6 15.8 16.1 14.5 12.9 12.7 Q3 FY 23 Q4 FY 23 Q1 FY 24 Q2 FY 24 Q3 FY 24 Q4 FY 24 Q1 FY 25 Q2 FY 25 Q3 FY 25 Q4 FY25 Q1 FY 26 Q2 FY 26 Q3 FY 26
Slide 7: Financial Results – Standalone Q3 FY26
Financial Results – Standalone Q3 FY 26 (₹ Crores) Q3 FY26 % Q3 FY25 % Growth Total income from operations 2,595.0 2,584.8 0.4% Material Cost 1,524.8 58.8 1,555.3 60.2 Gross Margin 1,070.2 41.2 1,029.5 39.8 4.0% Employee Cost 163.8 6.3 146.4 5.7 Other expenses 489.3 18.9 465.6 18.0 PBDIT (Excluding
Slide 8: Financial Results – Standalone YTD Dec 26
Financial Results – Standalone YTD Dec 26 (₹ Crores) YTD Dec 26 % YTD Dec 25 % Growth Total income from operations 7,916.1 7,821.8 1.2% Material Cost 4,726.4 59.7 4,708.6 60.2 Gross Margin 3,189.7 40.3 3,113.1 39.8 2.5% Employee Cost 506.4 6.4 457.7 5.9 Other expenses 1,455.5 18.4 1,370.8 17.5 PBDIT
Slide 9: Financial Results – Consolidated Q3 FY26
Financial Results – Consolidated Q3 FY 26 (₹ Crores) Q3 FY26 % Q3 FY25 % Growth Total income from operations 2,984.0 2,975.1 0.3% Material Cost 1,699.4 56.9 1,736.9 58.4 Gross Margin 1,284.6 43.1 1,238.2 41.6 3.7% Employee Cost 227.6 7.6 199.8 6.7 Other expenses 586.0 19.6 566.6 19.0 PBDIT (Excludin
Slide 10: Financial Results – Consolidated YTD Dec 26
Financial Results – Consolidated YTD Dec 26 (₹ Crores) YTD Dec 26 % YTD Dec 25 % Growth Total income from operations 9,012.2 8,840.7 0.0 1.9% Material Cost 5,226.6 58.0 5,212.9 59.0 Gross Margin 3,785.6 42.0 3,627.8 41.0 4.4% Employee Cost 690.4 7.7 613.2 6.9 Other expenses 1,743.6 19.3 1,586.3 17.9
Slide 11: Decorative Business: Q3FY26
Decorative Business : Q3FY26 ➢ Dealer network expansion continued during the quarter, driven by installation of 2,500+ color bank machines and enhancing presence through 1800+ stores ➢ Store-led urban initiatives undertaken in prior quarters are on track resulting in positive traction, with momentum
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Slide 13: Shades
Shades: Best in Class Metallic shade Gold Silver Transparent Can – Shade Visible at Counter Dual Application – Interior + Exterior surface High Colour Retention & UV Protection Tintable in Various Shades
Slide 14: Luxol Metallics
Slide 15: Colour Range
Colour Range : LUSTROUS METALLIC SHEEN Gold Silver Copper PU ENRICHED 4 YEARS OF WARRANTY
Slide 16: Expanding range of Construction Chemical products
Expanding range of Construction Chemical products
Slide 17: Industrial Business: Q3 FY26
Industrial Business : Q3 FY26 Auto segment delivered high single-digit volume growth and mid single-digit value growth, underpinned by a demand recovery following the implementation of GST 2.0 reforms and festive season momentum Protecton , General Industries growth in terms of volume and value rema
Slide 18: Experience the World of Berger
| Ii a Ke ——— (GST NO-S2ABEFR7480G1Z4 EXPERIENCE THE WORLD OF BERGER.
Slide 19: Net Cash Position: Consolidated
Net Cash Position : Consolidated Dec’26 : ₹ 918 cr Mar’25 : ₹ 689 cr
Slide 20: Performance - Consolidated: Q3 FY26
Performance - Consolidated: Q3 FY26 ➢ Bolix S.A. Poland: Strong topline and PBDIT growth, partly aided by PLN appreciation ➢ BJN Nepal: Muted revenue and profitability amid political disruption ➢ STP Ltd: Topline impacted by temporary shutdown at Jamshedpur plant; operations normalized from Jan 26 ➢
Slide 21: ESG Excellence
ESG. Excellence At Berger Paints =. With a score of 64 across ESG parameters, Berger Paints has come out ahead of our industry peers
Slide 22: Sustainability Ratings & Analytics
(NSE Sustainability Ratings & Analytics. Our'rating is evaluated across Score Leader three core pillars, Among Peers Berger Paints has achieved a stronger ESG rating than key competitors, reflecting disciplined governance, people-first practices, and responsible operations. @ I, ENVIRONMENT SOCIAL G
Slide 23: Berger Corporate Office LEED Platinum
BERGER ‘CORPORATE OFFICE Kolkata, India HAS FULFILLED THE REQUIREMENTS OF THE LEED GREEN BUILDING F 5 SYSTE ATION ESTABLISHED BY THE U.S. GREEN BUILDING COUNCIL AND VERIFIED 8) Sin RTIFICATION INC LEED v4 BUILDING DESIGN AND CONSTRUCTION: NEW CONSTRUCTION AND MAJOR RENOVATIONS PLATINUM December 2025
Slide 24: Business Outlook
Business Outlook ➢ Demand conditions continue to be closely monitored, with early signs of gradual improvement. ➢ Focus remains on revenue growth with sustained gross margins remaining the key objective. PBDIT margins are expected to remain within the guided range ➢ Competitive intensity expected to
Slide 25: Disclaimer
Disclaimer This presentation has been prepared by Berger Paints India Limited for information purposes only. The forward looking statements, if any, involve risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the statements.