The paint maker, though, cautioned that disturbances in West Asia, volatility in crude-based derivatives, depreciation of the rupee, and supply-side disturbances would remain monitorable, given the inflationary pressures these could create.
The country’s second-largest paint maker saw a 6.1% increase in consolidated revenue from operations to Rs 2,868 crore, while earnings before interest, tax, depreciation and amortisation (Ebitda) rose 12.6% on year to Rs 481.7 crore in the three months ended March.
“The progressive demand improvement seen in the previous quarter continued into the 4th quarter which enabled the achievement of a healthy volume growth of 11.8% for the quarter,” said Abhijit Roy, managing director, in a statement. “This growth was supported by a qualitative improvement in mix and softening of raw material prices.”
Gross margins for the March quarter reached 42.3%, the highest in three fiscals. “Gross margins improved sequentially and YoY, aided by favourable mix enrichment, waning impact of economy segment price cuts, and partial benefit from withdrawal of anti-dumping duty on TiO₂,” the company said.
For fiscal 2026, Berger Paints posted a consolidated net profit of Rs 1,128.8 crore, down 4.6%. Revenue from operations rose 2.9% to Rs 11,880.3 crore, while Ebitda fell 1.2% to Rs 1,833.3 crore. Profitability for the full year was impacted by the newly notified labour codes and a one-time hit due to a warehouse fire in Barasat, West Bengal.
Ahead of the results, shares of Berger Paints closed nearly 1.3% lower at Rs 488.8 apiece on the BSE, compared to a 1.9% drop in the benchmark Sensex. The board recommended a dividend of Rs 4 per share for the year.OUTLOOK
The company said the staggered price hikes taken from March onwards are likely to support gross margins amid rising raw material costs, while sustained cost optimisation initiatives will keep operating margins within the guided range. While competitive intensity is expected to remain elevated, the company expects growth to be led by traction in construction chemicals, waterproofing and wood coatings segments, and upcoming product launches.
