Berger Paints Q2FY26 Earnings Results: Net Profit Falls 23% Amid Weak Exterior Sales and Higher Expenses

Berger Paints India Ltd reported a 23.53% year-on-year (YoY) decline in consolidated net profit to ₹206.38 crore for Q2FY26, compared to ₹267 crore in the same quarter last year. The drop was mainly due to weak demand for exterior paint products and higher spending on brand promotion.

Revenue from operations, however, increased slightly by 1.9% to ₹2,827.49 crore, up from ₹2,774.61 crore in Q2FY25.

Berger Paints Q2FY26 Earnings: Operational Highlights

According to Abhijit Roy, Managing Director & CEO, profitability was affected by an unfavourable product mix and negative scale effects. The extended monsoon season slowed down sales across most regions, impacting exterior paint demand.

Despite these challenges, the company managed to deliver high single-digit volume growth and maintain a small positive revenue increase. Roy added that Berger continued to gain market share in the April–September 2025 period compared to FY25, among major listed players in the paints and coatings industry.

Expenses and Margins

Total expenses for the quarter rose 5.85% YoY to ₹2,589.68 crore. EBITDA (excluding other income) stood at ₹352.3 crore, down 18.9% from ₹434.2 crore a year earlier. Total income, including other income, rose marginally by 2.06% to ₹2,853.49 crore.

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Berger Paints Share Price Performance

As of November 4, 2025, Berger Paints India share price (NSE: BERGEPAINT) closed at ₹536.20 per share, down 0.52% from the previous session. The stock opened at ₹539.00 and touched an intraday high of ₹543.05 and a low of ₹536.00. The company’s market capitalisation stood at ₹62,680 crore, with a price-to-earnings (P/E) ratio of 54.82 and a dividend yield of 0.71%.

Conclusion

Berger Paints faced a challenging quarter due to weather-related disruptions and weaker exterior paint sales. However, steady volume growth and improved market share reflect the company’s resilience and strong brand position in India’s decorative paints market.

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