Berger Paints India Limited said planned price increases and cost savings may help lift its margins after September-quarter profit growth lagged revenue growth amid rising raw material costs.
The company’s results, filed Nov. 5, showed consolidated revenue of ₹3,200.37 crore for the three months ended Sept. 30, 2026, up 13.2% from a year earlier. Consolidated net profit rose 5.2% to ₹217.10 crore.
Earnings before interest, taxes, depreciation and amortization (EBITDA), excluding other income, increased 5.2% to ₹370.7 crore. The margin on that measure narrowed to about 11.6% from about 12.5% a year earlier.
Managing Director and Chief Executive Officer Abhijit Roy cited double-digit raw material inflation, sales of inventory purchased at higher costs and delays in raising industrial paint prices as factors weighing on gross margin. He also said Berger spent about ₹22 crore more on its Rang Bana Rahe campaign during the quarter.
Roy said standalone sales volume grew 3%. Decorative paint sales increased 10% by value, with about 8% growth attributed to pricing. He described the September quarter as typically soft, and said prolonged rain in eastern markets and Diwali’s later timing pushed some festive buying into the following quarter.
Berger also cut rebates on some products to protect gross margin, Roy said, though the move affected some sales. He put the company’s share among six listed paintmakers at about 20.2% at the half-year, down from about 20.3% previously.
Roy said he was confident Berger could get close to its 15%–17% EBITDA margin range in the third quarter, and possibly in the fourth. He said October delivered the company’s strongest sales growth in about 25 to 30 months, without giving a growth figure.
Berger hopes to recover almost 90% of its intended industrial price increase by the end of November and would pursue the remainder during December, Roy said.
