Berger Paints Q4 FY25 Results: Profit +18%, ₹3.80 Dividend

Key updates investors tracked

Berger Paints India (NSE: BERGEPAINT) reported a strong finish to FY25 with higher consolidated revenue, EBITDA, and profit for the March 2025 quarter, alongside a final dividend recommendation. The numbers were filed with exchanges as part of the board meeting outcome for Q4 FY25. The company also disclosed its audited standalone and consolidated results for the year ended March 31, 2025. Alongside this, separate quarterly data points for December 2025 and Q2 FY26 highlight that growth and margins have not moved in a straight line through subsequent quarters.

Q4 FY25 consolidated performance: revenue and profit rose

For the quarter ended March 31, 2025 (Q4 FY25), Berger Paints reported consolidated revenue from operations of ₹2,704.03 crore, up 7.3% year-on-year from ₹2,520.28 crore. Consolidated EBITDA (excluding other income) rose to ₹427.8 crore from ₹350.9 crore, a 21.9% increase. Consolidated net profit increased 18.1% year-on-year to ₹262.9 crore from ₹222.6 crore. The operating margin expanded to 15.8% from 13.9% in the year-ago quarter.

The company attributed the quarter’s showing to high single digit volume growth in the decorative segment, a sequential improvement in value growth, and a good performance in the industrial business. It also stated that operating margin remained within the guided range and Q4 FY25 delivered the highest gross margin percentage in the past 12 quarters. Berger Paints further stated it was at zero gross debt at the end of the quarter and improved its net cash position.

Standalone Q4 FY25 numbers also improved

For Q4 FY25 on a standalone basis, Berger Paints reported revenue from operations of ₹2,347.45 crore, up 4.37% year-on-year. Standalone EBITDA (excluding other income) was ₹389.5 crore versus ₹325.1 crore, a 19.8% rise. Standalone net profit was ₹236.9 crore versus ₹181.6 crore, up 30.5%.

Another reported data point in the provided material says EPS for Q4 improved from 1.91 in Q4 FY24 to 2.25 in Q4 FY25. Separately, profit before tax (PBT) for Q4 FY25 was reported at ₹349.93 crore, up 19% year-on-year.

FY25 full-year picture: modest growth, EBITDA slightly lower

For FY25, revenue from operations was reported at ₹11,544.71 crore versus ₹11,198.92 crore in FY24, up 3.1% year-on-year. Net profit was reported at ₹1,182.81 crore versus ₹1,169.82 crore, a 1.1% increase. EBITDA (excluding other income) was ₹1,856.1 crore in FY25 versus ₹1,861.3 crore in FY24, indicating a slight decline.

In the exchange communication cited in the provided text, the board approved audited standalone and consolidated financial results for the year ended March 31, 2025 and recommended a dividend. That communication also states net profit of ₹1,106.50 crore for the year and total income of ₹10,291.03 crore.

Dividend: ₹3.80 per share recommended

The board recommended a final dividend of ₹3.80 (380%) per equity share of face value Re 1 for FY2024-25. The dividend is subject to shareholder approval at the company’s 101st Annual General Meeting.

How the stock moved around these updates

One market update in the provided material states the stock closed at ₹551.70 and was up 1.62% after the earnings announcement. Another data point says Berger Paints shares closed at ₹472.40 on February 05, 2026 (NSE) and delivered -16.43% returns over the last six months and -0.76% over the last 12 months.

December 2025 quarter: sequential growth, mixed YoY profit

The provided dataset also includes sequential quarter comparisons for December 2025 versus September 2025: revenue of ₹3,032 crore versus ₹2,864 crore (up 5.88%), EBITDA of ₹466.35 crore versus ₹389.05 crore (up 19.87%), and net profit of ₹271.35 crore versus ₹206.38 crore (up 31.48%). The net profit figure of ₹271.35 crore is also labelled as “Net Profit - Last Quarter” and was last updated on Apr 19, 2026.

Separately, reported standalone quarterly numbers for December 2025 show net sales of ₹2,595.01 crore, up 0.4% from ₹2,584.76 crore in December 2024. Quarterly net profit was reported at ₹298.37 crore, down 2.52% from ₹306.08 crore. Standalone EBITDA was ₹522.87 crore, up 7.47% from ₹486.53 crore, while EPS decreased to ₹2.56 from ₹2.63.

Q2 FY26 highlights: revenue up, profitability fell

For Q2 FY26 (consolidated), revenue from operations was ₹2,827.5 crore versus ₹2,774.6 crore in Q2 FY25, up 1.9%. EBITDA (excluding other income) was ₹352.3 crore versus ₹434.2 crore, down 18.9%. Net profit was ₹206.4 crore versus ₹269.9 crore, down 23.5%.

For Q2 FY26 (standalone), revenue from operations was ₹2,458.5 crore versus ₹2,430.7 crore, up 1.1%. Standalone net profit was ₹176.3 crore versus ₹229.0 crore, down 23.0%.

Snapshot table: most-cited financial metrics

Market impact: what the numbers signalled

The Q4 FY25 print showed stronger profitability than topline growth, reflected in the jump in EBITDA and margin expansion. That margin improvement was a key part of the quarter’s narrative, supported by the company’s commentary on gross margin and cost discipline. At the same time, FY25 as a full year showed only modest growth in revenue and profit, with EBITDA marginally lower year-on-year, indicating that quarterly strength did not translate into a sharp step-up for the year.

The later Q2 FY26 data points added contrast: revenue increased, but EBITDA and net profit declined versus the prior year quarter in both consolidated and standalone results. In the December 2025 set of metrics, sequential growth in revenue, EBITDA and profit (versus September 2025) appears strong, while the reported standalone YoY comparison for December 2025 shows profit down despite EBITDA rising.

Why this matters for the paints sector narrative

The provided material notes that peers in the paints sector faced rising input costs and demand headwinds, while Berger Paints exceeded expectations in Q4 by posting strong revenue and profit growth. It also states the company outperformed an average industry growth rate of 2-3% in both topline and bottom line for that quarter. Within Berger Paints’ own commentary, muted urban demand and increased competition intensity were flagged, yet volume growth and sequential improvement in value growth were highlighted.

Conclusion

Berger Paints closed FY25 with a strong Q4 on consolidated revenue, EBITDA and profit, and the board recommended a ₹3.80 final dividend subject to shareholder approval at the 101st AGM. Subsequent quarterly updates in the provided information show mixed trends, including profitability pressure in Q2 FY26 despite revenue growth. Investors will continue to track how margins and demand conditions evolve across decorative and industrial segments in upcoming reported quarters.