Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q2 FY27 Earnings Presentation
20 slides from Berger Paints India's earnings presentation, Nov 5, 2026
Slide 1: Investor Presentation on Financial Results – Exchange Cover Letter
Berger ♦ �£,=;, /fl'Qlnt >'Our ,mag,notton STOCK. EXG/ AG/ 2026-27 5th November, 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 R
Slide 2: Earnings Update Q2 & H1 FY27
Earnings Update Q2 & H1 FY27 Quarter and half-year ended 30 September 2026 Berger Paints India Limited 5 November 2026
Slide 3: Q2 Performance Highlights
Q2 PERFORMANCE HIGHLIGHTS Consistent double-digit top-line growth for the quarter ■ Growth: Revenue growth 11.9% Standalone and +13.2% Consolidated; H1 growth of +12.3% and +12.5%, respectively. ■ PBDIT (consolidated) growth 5.2% backed by strong performances by subsidiaries ■ Decorative Business: N
Slide 4: Q2 Performance Summary – YoY Growth
Q2 FY27 PERFORMANCE AT A GLANCE · STANDALONE Q2 Performance Summary – YoY Growth Q2 FY27 H1 FY27 +11.9% +12.3% +5.6% +6.1% 3.0% –4.4% Volume Value PBDIT
Slide 5: Standalone results: Q2 FY27
FINANCIAL RESULTS · STANDALONE Standalone results: Q2 FY27 Q2 FY27 % Q2 FY26 % Growth % Total income from operations 2750.06 2458.47 11.9 Material Cost 1742.36 63.4 1486.06 60.4 Employee Cost 183.29 6.7 182.55 7.4 Other expenses 526.87 19.2 478.67 19.5 PBDIT (Excluding Other Income) 297.54 10.8 311.
Slide 6: Standalone results: H1 FY27
FINANCIAL RESULTS · STANDALONE Standalone results: H1 FY27 H1 FY27 % H1 FY26 % Growth % Total income from operations 5976.74 5321.09 12.3 Material Cost 3701.65 61.9 3201.60 60.2 Employee Cost 363.59 6.1 342.59 6.4 Other expenses 1051.74 17.6 966.22 18.2 PBDIT (Excluding Other Income) 859.76 14.4 810
Slide 7: Decorative Performance
DECORATIVE BUSINESS · Q2 FY27 Decorative Performance ■ 10% Value growth driven by price increases, Eastern markets impacted due to extended rain ■ Volume growth moderated as later Diwali shifted festive demand to Q3, alongside a conscious mix improvement, with price-sensitive categories such as Putt
Slide 8: Strengthening reach
DISTRIBUTION AND CAPABILITY Strengthening reach Stores Retail store network (2,000++) as on H1 FY27 Tinting machines 4800++ as on H1FY 2027 (2700++ during Q2)
Slide 9: Distribution and Capability: Retail Experience
D I S T R I B U T I ON A N D C A P A B I L I T Y · R E T A I L E X P E R I E N C E
Slide 10: Industrial Performance
INDUSTRIAL BUSINESS · Q2 FY27 Industrial Performance ■ Delivered robust high double-digit volume and value growth despite steep price increases. However, margins remained under pressure as price hikes could not be fully passed on in a timely manner ■ Value growth across segments further aided by pri
Slide 11: FY27 Margin Snapshot
FY27 · MARGIN SNAPSHOT Standalone Consolidated Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 39.3 40.1 38.1 36.6 14.4 14.4 10.8 11.6 Gross margin % PBDIT margin % Gross margin % PBDIT margin % Berger Paints India Limited | Q2 FY27 Earnings Update 10
Slide 12: Rang Bana Rahe: our new brand campaign
BRAND AND INNOVATION · BRAND CAMPAIGN Rang Bana Rahe: our new brand campaign LAUNCHED IN Q2 FY27 Deewaron ka bhi. Zindagi ka bhi. Colour for walls, and for life ■ New brand platform built on the joy of colour, in homes and in everyday life ■ Story-led creative ■ Backed by stepped-up A&P to build bra
Slide 13: Rang Bana Rahe: colour in every moment of life
BRAND AND INNOVATION · BRAND CAMPAIGN Rang Bana Rahe: colour in every moment of life Beyond surfaces Today and tomorrow Walls and smiles Stay colourful Into everyday lives For every generation Colour that brings joy In every situation
Slide 14: Consolidated results: Q2 FY27
FINANCIAL RESULTS · CONSOLIDATED Consolidated results: Q2 FY27 Q2 FY27 % Q2 FY26 % Growth % Total income from operations 3,200.37 2,827.49 13.2 Material Cost 1,942.32 60.7 1,652.40 58.4 Employee Cost 251.55 7.9 245.44 8.7 Other expenses 635.83 19.9 577.40 20.4 PBDIT (Excluding Other Income) 370.67 1
Slide 15: Consolidated results: H1 FY27
FINANCIAL RESULTS · CONSOLIDATED Consolidated results: H1 FY27 H1 FY27 % H1 FY26 % Growth % Total income from operations 6,784.12 6,028.25 12.5 Material Cost 4,060.87 59.9 3,527.23 58.5 Employee Cost 496.63 7.3 462.80 7.7 Other expenses 1,248.51 18.4 1,157.56 19.2 PBDIT (Excluding Other Income) 978.
Slide 16: Consolidated Results: Performance Highlights
SUBSIDIARIES AND JOINT VENTURES · Q2 FY27 Consolidated Results: Performance Highlights ■ Bolix S.A. had strong growth in revenue and operating profit, both in constant currency and INR terms. ■ BJN Nepal: Robust revenue and profitability growth, driven by price increases and margin expansion ■ STP:
Slide 17: Product spotlight: waterproofing, décor and protection
BRAND AND INNOVATION · PRODUCT SPOTLIGHT Product spotlight: waterproofing, décor and protection HOME SHIELD TILING DECOR PANEL · BOLIX EXTERIOR PROTECTION HOME SHIELD PRIMER Tile Adhesive Plus B350 Wall Slats Wood Panel Long Life Parapet Coat Damp Shield ■ Waterproof up to 3 bar; ■ Ready-made panels
Slide 18: Innovative products: the Kool range
BRAND AND INNOVATION · SUMMER RANGE Innovative products: the Kool range GARMI GONE, THANDAK ON Beating the summer heat across the home Walls Weathercoat Anti Dustt Kool Roofs Roof Kool & Seal: no leak, no heat Water tanks Tank Kool "Garmi Gone, Thandak On" Kool paints Home Shield Roof Kool & Seal Su
Slide 19: Outlook: restore margins, sustain growth
PRIORITIES GOING FORWARD Outlook: restore margins, sustain growth Growth Margin recovery Brand and reach Capital allocation momentum ■ Calibrated price increases ■ Capture festive-season ■ Sustained investment in ■ Normalise working capital across business lines demand in Q3 brands and innovation as
Slide 20: Disclaimer
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.