Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q4 FY25 Earnings Presentation
23 slides from Berger Paints India's earnings presentation, May 14, 2025
Slide 1: Exchange cover letter: Investor Presentation on Financial Results
14th May, 2025 STOCK. EXG/ AG/ 202S-26 The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock Exchange BSE Limited, India Limited Ltd. st 1 Floor, Exchange Plaza, 5th Floor, 7 Lyons Range, Phiroze Jeejeebhoy Towers, Plot No.-C/1,
Slide 2: Berger Paints India Limited Earnings Update Call, Q4 FY25
Berger Paints India Limited Earnings Update Call, Q4 FY25 May 14, 2025
Slide 3: Q4 FY25 Highlights
Q4 FY 25 Highlights YEAR ENDS ON A HIGH Strong finish powered by growth in volume, profitability, and improved market share Volume grew by 7.4% Revenue from operations increased by 4.4% Gain in Market share and estimated @ 20%+, reflecting resilient competitive positioning Operating profit r
Slide 4: Q4 FY25 Topline Performance - Standalone
Q4 FY25 Topline Performance - Standalone Q4 FY 25 Growth % •Decorative segment delivered high single- digit volume growth with sequential 7.4 improvement in value, supported by an improved product mix and marginal impact of price increase 4.4 •Construction chemicals and waterproofing continued to ou
Slide 5: Consistently gaining Market Share
Consistently gaining Market Share 20.3 19.5 19.3 18.9 FY 22 FY 23 FY 24 FY 25 Market share estimated to exceed 20%, based on results declared by listed major paint companies Computation pertains to Berger Paints’ India operations
Slide 6: Gross Margin Trend
Gross Margin Trend 41.2 39.6 39.4 40.0 40.3 40.3 39.3 40.4 39.7 35.3 34.5 33.8 12 Quarter highest GM Gross margin sustained due to Mix improvement Certain price increase Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 Q2 FY25 Q3 FY25 Q4 FY25 RM price drops
Slide 7: Q4 FY25 Profitability - Standalone
Q4 FY25 Profitability - Standalone Operating Margin % 16.6 Robust operating profit growth 16.2 of 19.8% supported by Gross margin expansion, led by favorable raw material trends, improved product mix & marginal 14.5 increase in prices. Reduction in overheads through effective cost control initi
Slide 8: Operating Margin Trend
Operating Margin Trend Operating margins 18.8 remained consistently within the upper end of 17.2 16.5 16.7 16.6 the guided range on a 15.6 15.8 16.2 QoQ basis 15.0 14.5 13.4 12.9 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 Q2 FY25 Q3 FY25 Q4 FY25
Slide 9: Financial Results – Standalone Q4 FY25
Financial Results – Standalone Q4 FY25 Rs Crores
Slide 10: Performance highlights: FY25 - Standalone
Performance highlights : FY25 - Standalone FY 25 Growth % • High single-digit volume growth 7.6 •Value growth muted despite volume momentum, impacted by full-year effect of FY24 price reductions, softer consumer demand and traction in construction chemicals space •Protective coatings segment deliver
Slide 11: Financial Results – Standalone FY25
Financial Results – Standalone FY25 Rs Crores
Slide 12: Decorative Business: Q4 FY25
Decorative Business : Q4 FY25 Decorative segment delivered high single-digit volume growth, despite muted consumer demand and heightened competition. Value growth was supported by a richer product mix and marginal pricing gains. Sustained momentum in the exterior emulsion portfolio Constructio
Slide 13: Innovative Products
Innovative Products Kool Range • Roof Kool & Seal • Tank Kool • Weather Coat Anti-Dustt Kool
Slide 14: Roof Kool & Seal: No Heat, No Leak
Slide 15: Berger Exclusive Stores
BERGER EXCLUSIVE STORES
Slide 16: Industrial Business Q4 FY25
Industrial Business Q4 FY25 Protective Coatings posted steady performance, aided by improvement in infra spend, with strong operating margins Automotive segment registered strong volume and value performance led by traction in two wheeler segment demand. General Industrial, powder was muted
Slide 17: Financial highlights: Q4 FY25 – Consolidated
Financial highlights : Q4 FY25 – Consolidated Q4 FY 25 Growth % •Bolix delivered strong topline and profitability with constant currency growth 21.9 •BJN Nepal demonstrated strong recovery across revenue and profitability, rebounding from previously weaker quarters •STP recorded muted revenue growth
Slide 18: Financial Results – Consolidated Q4 FY25
Financial Results – Consolidated Q4 FY25 Rs Crores
Slide 19: Financial Results – Consolidated FY25
Financial Results – Consolidated FY25 Rs Crores
Slide 20: Driving Consistent Growth: 2/3/4/5 Year CAGR in Revenues & Operating Profit
CONSOLIDATED CAGR PBDIT/INCOME FROM OPERATIONS Driving Consistent Growth: 2/3/4/5 Year CAGR in Revenues & Operating Profit The drop in two-year 14.1 CAGR in income from 11.8 12.611.8 operations is 11.7 11.7 9.6 attributable to consecutive price reductions, including a 4.5 4.6% decrease in FY24. 2 Ye
Slide 21: Net Cash FY25 (Consolidated)
NET CASH Net FY Cash25 (Consolidated) (Consolidated) Consistent Consistent YoYYoY improvement in net debt improvement in net debt position andposition growingand cash surplus 688.6 growing cash surplus 331.8 FY 23 FY 24 FY 25 -444.1
Slide 22: Business Outlook FY26
Business Outlook FY 26 The decorative segment is poised for an improved performance, underpinned by a rebound in urban demand—driven by higher disposable incomes from recent tax incentives and easing inflation. Rural growth is likewise expected to sustain , supported by forecasts of an above-avera
Slide 23: 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.