Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q3 FY26 Earnings Presentation
26 slides from Berger Paints India's earnings presentation, Feb 5, 2026
Slide 1: Investor Presentation on Financial Results cover letter
STOCK. EXG/ AG/ 2025-26 5th February, 2026 The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock BSE Limited, India Limited Exchange Ltd. 1st Floor, Exchange Plaza, 5th Floor, 7 Lyons Range, Phiroze Jeejeebhoy Towers, Plot No.-C
Slide 2: Berger Paints India Limited Earnings Update Call, Q3 FY26
Berger Paints India Limited Earnings Update Call, Q3 FY26 February 05, 2026
Slide 3: 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 4: 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 5: Volume and value 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 6: 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 7: 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 8: 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 9: Financial Results – Standalone YTD Dec FY26
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 10: 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 11: Financial Results – Consolidated YTD Dec FY26
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 12: 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
Slide 13: Kolor Plus Interior Premium Emulsion
KOLOR ‘PLUS INTERIOR PREMIUM EMULSION \Y \ Ly
Slide 14: Luxol Metallics 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 15: Luxol Metallics product
Slide 16: Colour Range: Lustrous Metallic Sheen
Colour Range : LUSTROUS METALLIC SHEEN Gold Silver Copper PU ENRICHED 4 YEARS OF WARRANTY
Slide 17: Expanding range of Construction Chemical products
Expanding range of Construction Chemical products rs KOOL & SEAL ATERPROOF ROOF COATNG wt ¢ , Db |
Slide 18: 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 19: Berger Paint Studio stores
Slide 20: Net Cash Position: Consolidated
Net Cash Position : Consolidated Dec’26 : ₹ 918 cr Mar’25 : ₹ 689 cr
Slide 21: 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 22: ESG Excellence
ESG Excellence At Berger Paints Witha score of 64 across ESG parameters, Berger Paints has come out ahead of our industry peers
Slide 23: NSE Sustainability Ratings & Analytics
9 NSE Sustainability Ratings & Analytics Our'rating is evaluated across three core pillars, @\ I, ENVIRONMENT SOCIAL GOVERNANCE A structured, sector-specific framework using verified public disclosures Score Leader Among Peers Berger Paints has achieved a stronger ESG rating than key competitors, re
Slide 24: Berger Corporate Office LEED Platinum certification
BERGER GORPORATE OFFICE Kolkata, India HAS FULFILLED THE REQUIREMENTS OF THE LEED GREEN BUILDING RATING SYSTEM CERTIFICATION ESTABLISHED BY THE U.S. GREEN BUILDING COUNCIL AND VERIFIED BY GREEN BUSINESS CERTIFICATION INC LEED v4 BUILDING DESIGN AND CONSTRUCTION: NEW CONSTRUCTION AND MAJOR RENOVATION
Slide 25: 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 26: 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.