Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q4 FY26 Earnings Presentation
25 slides from Berger Paints India's earnings presentation, May 12, 2026
Slide 1: Exchange cover letter for investor presentation
12th May, 2026 STOCK. EXG/ AG/ 2026-27 The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock Exchange BSE Limited, India Limited 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, Q4 FY26
Berger Paints India Limited Earnings Update Call, Q4 FY26 May 12, 2026
Slide 3: Q4 FY26 Highlights
SA: Q4 FY26 Highlights ◆ Volume growth of 11.8% driven by healthy traction across key business segments ◆ Value growth stood at 6.7% during the quarter ◆ Indian operations market share amongst listed peers remained strong at ~20% ◆ Gross and operating margins expanded to a 12- quarter and 10-quarter
Slide 4: Q4 FY26 Topline Performance - Standalone
Q4 FY26 Topline Performance - Standalone Decorative segment delivered strong double-digit volume growth with 11.8 sequential improvement in value performance, supported by pre- price hike channel pick-up and premium emulsion traction Construction Chemicals & Waterproofing continue to outperform, sus
Slide 5: CAGR – FY26 and Q4 FY26
CAGR – Q4 FY 26 CAGR – FY 26 Volume Volume 13.0 11.5 10.5 9.6 9.1 9.4 2 Years 3 Years 5 Years 2 Years 3 Years 5 Years Value Value 6.9 11.6 5.5 4.6 2.1 3.2 2 Years 3 Years 5 Years 2 Years 3 Years 5 Years PBDIT PBDIT 18.8 9.0 7.8 10.2 8.7 0.4 2 Years 3 Years 5 Years 2 Years 3 Years 5 Years
Slide 6: Gross Margin Trend QoQ
Gross Margin Trend QoQ 42.3 41.2 41.2 40.4 12 Quarter highest GM 40.3 40.3 40.0 40.1 39.7 39.6 39.4 39.3 Margin trajectory remained resilient despite elevated competitive intensity and sharp ₹ depreciation Gross margins improved sequentially and YoY, aided by favourable mix enrichment, waning im
Slide 7: Q4 FY26 Profitability - Standalone
Q4 FY26 Profitability - Standalone Robust operating profit Operating Margin % growth of 17.8% driven by: 18.3 Gross margin expansion by 110 bps Operating leverage and sustained cost 16.6 optimisation measures continued to support 16.1 margin expansion amid competitive market conditions Q4 FY 25 Q3
Slide 8: PBDIT Trend QoQ
PBDIT Trend QoQ 18.3 17.2 17.4 16.7 16.6 10 QTR 15.8 16.2 16.1 highest 14.5 PBDIT % 12.7 Q3 FY24 Q4 FY24 Q1FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Q2 FY26 Q3 FY26 Q4 FY26
Slide 9: Decorative Business: Q4 FY26
Decorative Business : Q4 FY26 ◆ Decorative segment delivered double-digit volume growth, while value growth was supported by improved product mix across premium and economy emulsions ◆ New offerings in premium emulsion category such as, Kolor Plus and Kolor Plus Glow performed well, while WAD in ext
Slide 10: Industrial Business Q4 FY26
Industrial Business Q4 FY 26 Protective coatings delivered strong volume and value performance during the quarter, while operating margins at high teens Automotive coatings registered healthy growth in both volume and value, driven by sustained traction in the two-wheeler segment demand
Slide 11: Financial Results – Standalone Q4 FY26
Financial Results – Standalone Q4 FY26 Rs Crores ₹ Crores % to Total % to Total Q4 FY26 Income Q4 FY25 Income Growth % Total income from operations 2,504.00 2,347.45 6.7 Material Cost 1,444.92 57.7 1,379.96 58.8 Employee Cost 160.64 6.4 147.76 6.3 Other expenses 439.70 17.6 430.22 18.3 PBDIT (Exclud
Slide 12: Annual Performance Highlights - Standalone
Annual Performance highlights - Standalone High single-digit volume growth Vol Value gap due to higher contribution from construction chemicals, textures and tile adhesives- (lower ASP products), economy segment price cuts, some impact of extended monsoon Automotive Coatings outperformed on im
Slide 13: Financial Results – Standalone 12 Months FY26
Financial Results – Standalone 12 Months FY26 ₹ Crores % to Total % to Total FY26 Income FY25 Income Growth % Total income from operations 10,420.10 10,169.22 2.5 Material Cost 6,171.29 59.2 6,088.59 59.9 Employee Cost 667.02 6.4 605.50 6.0 Other expenses 1,895.22 18.2 1,800.99 17.7 PBDIT (Excluding
Slide 14: Innovative Products: Kool Range
Innovative Products Kool Range • Roof Kool & Seal • Tank Kool • Weather Coat Anti- Dustt Kool
Slide 15: Roof Kool & Seal: No Heat, No Leak
Slide 16: Walls that Wow
Walls that Wow — #: European Technology ~— KOLOR PLUS =— ee COLOUR Interior Premium Emulsi ZA Ni Washable | (6) vexsotvarany je i We rr % A
Slide 17: Metallic finishes for interior and exterior
METALIEIGS ) FOR INTERIOR | EXTERIOR US| ‘
Slide 18: Years of trust warranty
=) YEARS OF TRUST aa Colour Range Application Area Suitable for Pan : :| WARRANTY | ois @ ‘copper FINISH ]
Slide 19: Berger Exclusive Stores
BERGER EXCLUSIVE STORES > eg BOO dE g 08 KOLOR N STYLE a ae > = o
Slide 20: Financial Highlights: Q4 FY26 – Consolidated
Financial highlights : Q4 FY26 – Consolidated ₹ Crores Bolix S.A. Poland: Topline and PBDIT growth was strong, partly aided by PLN appreciation BJN Nepal: Revenue growth and profitability remained subdued during the quarter due to elections; however, improvement in political stability along with rec
Slide 21: Financial Results – Consolidated Q4 FY26
Financial Results – Consolidated Q4 FY26 ₹₹Crores Crores % to Total % to Total Q4 FY26 Income Q4 FY25 Income Growth % Total income from operations 2,868.03 2,704.03 6.1 Material Cost 1,600.68 55.8 1,549.07 57.3 Employee Cost 222.39 7.8 201.52 7.5 Other expenses 563.29 19.6 525.67 19.4 PBDIT (Excludi
Slide 22: Financial Results – Consolidated 12 Months FY26
Financial Results – Consolidated 12 Months FY26 ₹ Crores % to Total % to Total FY26 Income FY25 Income Growth % Total income from operations 11,880.25 11,544.71 2.9 Material Cost 6,827.26 57.5 6,761.93 58.6 Employee Cost 912.80 7.7 814.70 7.1 Other expenses 2,306.89 19.4 2,111.99 18.3 PBDIT (Excludi
Slide 23: Net Cash (Consolidated)
Net Cash (Consolidated) 1198 689 351 FY 24 FY 25 FY 26 Group continues Growing cash to remain Net surplus cash positive
Slide 24: Business Outlook FY27
Business Outlook FY 27 ◆ Demand conditions continue to be closely monitored, with gradual recovery expected across decorative and industrial businesses ◆ Staggered price hikes from March onwards expected to support gross margins amid rising raw material costs, while sustained cost optimisation initi
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.