Berger Paints India, the country’s second-largest paint maker, reported Q1 FY27 net profit of Rs 405 crore, up 28.6% year-on-year, as part of results announced on August 5, 2026. Revenue from operations for the quarter ended June 2026 rose 11.97% to Rs 3,584 crore, compared with Rs 3,201 crore in the same period last year.
EBITDA for the quarter surged 15% to Rs 607 crore from Rs 528 crore a year earlier, with EBITDA margin expanding to 16.94% from 16.49%. The Kolkata-headquartered company’s decorative paints business, which accounts for the bulk of its revenue, posted nearly mid-teen value growth during the quarter.
What Drove Berger Paints Q1 FY27 Growth?
Berger Paints’ decorative segment outperformed the rest of its portfolio, supported by calibrated price increases implemented through the quarter and steady festive-linked demand in urban and semi-urban markets. Its protective coatings, galvanised iron (GI) coatings and powder coatings businesses recorded comparatively lower growth, reflecting softer industrial and infrastructure-linked demand relative to the decorative segment.
What Does This Mean for India’s Paints Sector?
The results add to evidence that India’s decorative paints industry is recovering from two years of margin pressure caused by aggressive new entrants such as Birla Opus and JSW Paints, which acquired AkzoNobel India. Berger Paints’ ability to grow revenue in double digits while expanding margins suggests established players are successfully passing on cost increases without losing significant volume to newer, discount-driven competitors.
Market Reaction and Industry Response
The Q1 FY27 numbers landed alongside strong results from rivals: Asian Paints reported a 34% jump in consolidated net profit to Rs 1,539 crore, while Kansai Nerolac posted a 5.9% rise in net profit to Rs 228.41 crore for the same quarter. Berger Paints management said it expects double-digit revenue growth to continue through FY27, supported by the full-quarter impact of recent price hikes and continued distribution expansion.
What Happens Next for Berger Paints?
Berger Paints is expected to lean further into festive-season demand in the September and October quarter, historically its strongest selling period, while continuing to expand its dealer network in tier-2 and tier-3 towns. Analysts will be watching whether raw material costs, which have moderated gross margins industry-wide, stay contained through the rest of the fiscal year, and whether the company can sustain double-digit growth as competition from Birla Opus and JSW Paints intensifies further.
Frequently Asked Questions
How much profit did Berger Paints report in Q1 FY27?
Berger Paints reported a net profit of Rs 405 crore for Q1 FY27, up 28.6% from Rs 315 crore in the same quarter of the previous fiscal year, on revenue of Rs 3,584 crore.
Which segment drove Berger Paints’ Q1 FY27 growth?
The decorative paints business was the primary growth driver, posting nearly mid-teen value growth, while protective, GI and powder coatings segments grew at a comparatively slower pace.
How does Berger Paints compare to Asian Paints in Q1 FY27?
Both companies posted strong quarters: Asian Paints’ net profit grew 34% to Rs 1,539 crore on 17.9% revenue growth, while Berger Paints’ profit grew 28.6% to Rs 405 crore on 12% revenue growth, indicating a broad-based recovery across the paints industry rather than a company-specific rebound.
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