Earnings Call/Transcript
Berger Paints India Q2 FY27 Earnings Transcript
Berger Paints India filed the transcript of its Q2 and half-year FY27 earnings call held after the November 5, 2026 board meeting.
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Consumer Durables
Paints
55,601 Cr
Low Risk
45.3
43.7
4.0
7.9
594.20
391.50
Sales CAGR
Profit CAGR
ROE
ROCE
Earnings Call/Transcript
Berger Paints India filed the transcript of its Q2 and half-year FY27 earnings call held after the November 5, 2026 board meeting.
Earnings Call/Transcript
Berger Paints India shared the audio recording of its investor presentation on financial results for the quarter and half year ended 30 September 2026.
Berger Paints India Ltd (BERGEPAINT) is currently trading at 479.10 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Berger Paints India manufactures and sells decorative, industrial, automotive, protective and construction-chemical coatings through an extensive Indian distribution network and international subsidiaries. Its portfolio spans paints, varnishes, enamels, waterproofing, wood coatings, powder coatings, adhesives and specialty industrial solutions, supported by more than 59,000 dealers and multiple manufacturing locations. Standalone revenue grew 11.9% year-on-year in Q2 FY27, while consolidated revenue increased 13.2%, but profitability weakened because of double-digit raw-material inflation, high-cost inventory and delayed industrial price pass-through. Standalone EBITDA margin declined to 10.8% in the quarter, compared with 14.4% for the first half. Decorative growth was driven mainly by pricing rather than volumes, as extended eastern monsoons, a later Diwali and deliberate mix improvement affected demand. Home-seal products, roof coatings, waterproofing, wood coatings and differentiated offerings outperformed, while putty, textures and enamel remained more price-sensitive and weaker. Berger Paints is accelerating urban-market execution through its MEGA initiative, where management reports tangible early benefits and expects broader acceleration from April 2027. The company added more than 2,000 retail stores and 4,800 tinting machines during the first half, strengthening reach and point-of-sale availability. Management expects margin recovery toward the 15%–17% EBITDA range in Q3 and potentially Q4 FY27, supported by calibrated price increases, cost efficiencies, softer crude-linked inputs and disciplined operating expenses. However, competitive intensity remains high, with reported decorative market share broadly stable at approximately 20.2% among the leading listed companies.
Over the past 52 weeks, Berger Paints India Ltd has traded between a low of ₹391.50 and a high of ₹594.20. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Berger Paints India Ltd has a market capitalization of approximately 55,600.84. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Berger Paints India Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 45.25 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 55,600.84 Cr, Berger Paints India Ltd is classified as a Mid Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Berger Paints India Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Berger Paints India Ltd is 45.25. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Berger said it plans to accelerate the initiative from April next year. Management expects to finish the experimental phase and refine execution modalities by the end of March before expanding the programme.
Berger Paints reported a standalone EBITDA margin of 10.8% in Q2 FY27. Its consolidated EBITDA margin was 11.6%, while both standalone and consolidated H1 FY27 EBITDA margins were 14.4%.
Berger Paints reported an 11.6% consolidated PBDIT margin in Q2 FY27, compared with 12.5% in Q2 FY26. Management said industrial price hikes could not be fully passed through on time amid RM inflation, while material cost rose to 60.7% of income from 58.4% a year earlier.
Berger attributed its 10% decorative value growth in Q2 FY27 to price increases. It separately said volumes moderated, so the company did not present the outcome as volume-led growth.