Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q1 FY26 Earnings Presentation
22 slides from Berger Paints India's earnings presentation, Aug 5, 2025
Slide 1: Exchange filing cover letter: Investor Presentation on Financial Results
5th August, 2025 STOCK. EXG/ AG/ 2025-26 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/1
Slide 2: Berger Paints India Limited Earnings Update Call, Q1 FY26
Berger Paints India Limited Earnings Update Call, Q1 FY26 Aug 05, 2025
Slide 3: Q1 FY26 Standouts
Q1 FY26 Standouts Mid single- Automotive Continued to digit volume PBDIT margins segment gain market growth. improved both delivered Strong share. Market Growth was sequentially stronger Revenue share above moderated by and YoY inspite volume and growth in 20% within heavier-than- of heavy value gro
Slide 4: Consistently Outperforming Industry resulting in MS gain
Consistently Outperforming Quarterly Revenue Growth % 4.4 Industry resulting 2.4 in MS gain 2.0 -0.4 0.4 0.3 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 -1.2 -0.9 -3.3 -4.0 Bpil Growth Industry Growth Industry Growth percentage calculated on 5 listed paint companies BPIL Growth percentage basis BPIL SA numbe
Slide 5: Steady YoY Market Share gains amidst Intensifying Competition
Steady YoY Market Share gains amidst Intensifying Competition 21.2 20.3 19.5 19.3 18.9 Market share estimated to exceed 20%, based on results declared by listed major paint companies Computation pertains to Berger Paints’ India operations FY 22 FY 23 FY 24 FY 25 Q1 FY 26
Slide 6: Q1 FY26 Topline Performance - Standalone
Q1 FY26 Topline Performance - Standalone Q1 FY 26 TOP-LINE GRWTH% Decorative segment delivered mid single-digit 5.6 volume growth; volume-value gap narrowed driven by improved mix and waning impact of prior price corrections. Strong traction in Roof Kool & Seal, Home 2.0 Shield range of products
Slide 7: Gross Margin Trend
Gross Margin Trend 41.2 40.1 39.6 39.4 40.0 40.3 40.3 39.3 40.4 39.7 34.5 33.8 Gross margins remained stable across quarters inspite of increased competition (39-41) YoY gross margin improved; slight sequential dip driven by adverse mix impact due to excessive rains
Slide 8: Improved PBDIT margins QoQ and YoY despite heightened competition
Q1 FY26 Profitability - Standalone 17.4 17.2 Improved PBDIT margins QoQ and YoY despite heightened 16.6 competition and pricing pressure 16.2 Margin resilience driven by 15.8 stable gross margins, operating leverage from fixed costs, and improved utilisation at Sandila Q1FY25 Q2 FY25 Q3 FY25 Q4 FY
Slide 9: Standalone Results Q1 FY26
STANDALONE RESULTS Q1 FY 26 Q1 FY26 % Q1 FY25 % Growth % Total income from operations 2,862.62 2,806.31 2.0 Material Cost 1,715.54 59.9 1,704.89 60.8 Employee Cost 160.04 5.6 145.51 5.2 Other expenses 487.55 17.0 472.21 16.8 PBDIT (Excluding Other Income) 499.49 17.4 483.70 17.2 3.3 Depreciation 83.
Slide 10: CAGR 3Y/4Y/5Y Standalone and Consolidated
CAGR 3Y/4Y /5Y STANDALONE 34.5 28.2 26.3 Sustained 3-year CAGR 22.6 moderated value creation in due to both revenue pricing 41.8 16.8 15.3 and correction in CONSOLIDATED profitability; FY24 10.2 10.0 28.0 22.0 4.8 15.5 9.3 5.1 Volume Net sales PBDIT CAGR 3Y CAGR 4Y CAGR 5Y CAGR 3Y CAGR 4Y CAGR 5Y PB
Slide 11: Decorative Business: Q1 FY26
Decorative Business : Q1 FY26 Strong performance sustained in differentiated products, led by WAD/WLL /Seal O Prime Construction chemicals & waterproofing delivered robust volume/value growth with stable margins. Roof Kool and Seal further picked up momentum Wood coatings posted robust volume
Slide 12: Kolor Plus Interior Premium Emulsion
KOLOR ‘PLUS INTERIOR PREMIUM EMULSION \Y \ Ly
Slide 13: Walls that Wow
| Walls that Wow . — #%: European Technology KOLOR PLUS SE pet ex COLOUR a ‘remium Emutsion oA | ai washable v ( ); Years of warranty me »~ _
Slide 14: Nothing Shines Like Silk
NOTHING SHINES \4 | UKESILK,
Slide 15: Luxol
LUXOL
Slide 16: Colour Range: Lustrous Metallic Sheen
LUSTROUS METALLIC SHEEN Colour Range : PU ENRICHED Gold Silver Copper 4 YEARS OF WARRANTY
Slide 17: Innovative Products
Innovative Products eaée| COO TRUST tp eT
Slide 18: Financial highlights: Q1 FY26 – Consolidated
Financial highlights : Q1 FY26 – Consolidated Topline value growth at 3.6% PBDIT impacted due to margin pressures in Bolix (UK operations) Joint ventures delivered strong performance in both revenue and profitability
Slide 19: Consolidated Results Q1 FY26
CONSOLIDATED RESULTS Q1 FY 26 Q1 FY26 % Q1 FY25 % Growth % Total income from operations 3,200.76 3,091.01 3.6 Material Cost 1,874.83 58.6 1,858.45 60.1 Employee Cost 217.36 6.8 192.22 6.2 Other expenses 580.16 18.1 517.93 16.8 PBDIT (Excluding Other Income) 528.41 16.5 522.41 16.9 1.1 Depreciation 9
Slide 20: Subsidiaries/JV performances
Subsidiaries/JV performances BJN Nepal outperformed within the group, delivering strong revenue growth and margin expansion Wholly owned subsidiary Bolix reported a stable quarter in revenue and profitability (in constant currency); however, muted margins in UK operations (long tenure projects) im
Slide 21: Business Outlook FY26
Business Outlook FY 26 Gradual improvement in demand indicators observed, with early momentum in urban markets; Well progressing monsoon and easing inflation may support rural sentiment under a supportive policy environment Market competitiveness to stay elevated; continued thrust on innovatio
Slide 22: 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.