BERGEPAINT (BERGEPAINT) — Q1 FY26 Results Analysis

Berger Paints (BERGEPAINT) Q1 FY26 Analysis

Key Highlights from Recent Filings & Web Data

1. Trading Window Closure (June 23, 2026 Filing)

Purpose: The trading window closed on July 1, 2026, for insiders until 48 hours after the board meeting to approve Q1 FY26 results (ending June 30, 2026).

Regulatory Compliance: This follows SEBI (Prohibition of Insider Trading) Regulations, 2015.

No Financial Data: This filing is procedural and contains no revenue, profit, or growth disclosures.

2. Q1 FY26 Earnings Data from Web Sources

Based on recent web reports and filings, here are the key Q1 FY26 performance metrics for BERGEPAINT:

Revenue: ₹3,200.76 crore (+18.37% QoQ, +3.55% YoY)

Net Profit: ₹314.63 crore (+20.06% QoQ, -11.01% YoY)

EPS: ₹2.94 (+30.99% QoQ, -3.12% YoY)

Operating Profit: ₹397.62 crore (+17.44% QoQ, -8.64% YoY)

Gross Margin: Improved to 40.1% (vs. 39.3% YoY)

EBITDA: ₹499.5 crore (+3.3% YoY)

Market Share: Above 20% among listed peers, driven by double-digit volume growth despite monsoon challenges.

3. Key Drivers & Challenges

Positive:

- Volume Growth: Strong double-digit volume expansion across decorative and industrial segments.

- New Product Launches: Kolor Plus, Luxol Metallics, and Tank Kool boosted portfolio and retail footprint (+300 stores, +2,500 tinting machines).

- Margin Expansion: Gross margin improved YoY to 40.1% due to favorable mix and operating leverage.

Negative:

- Profit Decline YoY: Net profit fell 11% YoY due to a ₹36.81 crore exceptional loss (likely from a fire incident).

- Sequential Slowdown: Profit growth slowed QoQ (20% vs. 17% in Q4 FY26), reflecting higher costs and competitive pressures.

4. Dividend Update

FY26 Dividend: Board recommended ₹4.00 per share (400%) for FY26, subject to shareholder approval at the 102nd AGM on August 12, 2026.

Record Date: August 5, 2026; share register closure: August 6–12, 2026.

Financial Snapshot (Q1 FY26 vs. Q4 FY26)

Metric	Q1 FY26	Q4 FY26	QoQ Change	YoY Change
Revenue	₹3,200.76 Cr	₹2,704.03 Cr	+18.37%	+3.55%
Net Profit	₹314.63 Cr	₹262.05 Cr	+20.06%	-11.01%
EPS	₹2.94	₹2.24	+30.99%	-3.12%
Operating Profit	₹397.62 Cr	₹338.58 Cr	+17.44%	-8.64%
Gross Margin (%)	40.1%	39.3%	+0.8 pts	+0.8 pts
EBITDA	₹499.5 Cr	₹428 Cr	+16.6%	+3.3%

Key Insight: Despite YoY profit decline due to exceptional items, Q1 FY26 shows strong QoQ momentum in revenue and earnings, driven by volume growth and margin expansion.

Outlook & Risks

Growth Drivers:

- Retail Expansion: Continued store additions and tinting machine installations.

- New Products: Focus on premium emulsions and construction chemicals.

- Market Share: Aim to sustain >20% share in listed peers.

Risks:

- Raw Material Costs: Rising input prices may pressure margins.

- Monsoon Impact: Weather-related disruptions in Q1.

- Competition: Intense pricing pressure from rivals.

Peer Comparison (Selected Metrics)

Company	P/E Ratio	ROE (%)	Debt/Equity	Market Cap (₹ Cr)
BERGEPAINT	54.54	42.64%	0.56	62,200
Asian Paints	52.31	35.12%	0.42	68,500
Shree Cement	28.45	18.76%	0.81	42,100

BERGEPAINT trades at a premium valuation (P/E 54.5x) reflecting strong brand positioning and margin resilience, though higher than sector peers.

🔍 For Deep Analysis (click below):

"How sustainable is the 40%+ gross margin in the face of rising raw material costs?"

"What proportion of revenue comes from exports, and how exposed is BERGEPAINT to currency risk?"

"Has management altered guidance for FY27 margins given recent monsoon disruptions and input cost inflation?"

📊 Stock Analysis — BERGEPAINT ✨ Ask AI About BERGEPAINT

More About BERGEPAINT

Related Insights

📡 Get AI alerts for your stocks — summarized by AI daily

Set up your AI Radar — pick stocks, get daily email summaries of new filings.

Set up AI Radar — Free

Free account · 2 AI queries/day