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Berger Paints (NSE:BERGEPAINT): What Did Q1 FY27 Standalone Results Reveal?

Berger Paints (NSE:BERGEPAINT): What Did Q1 FY27 Standalone Results Reveal?

Source: Krish Capital Pty Ltd

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Berger Paints India Limited (NSE:BERGEPAINT) filed its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 with the exchanges on 5 August 2026, following board approval at a meeting that ran from 12:30 p.m. to 3:00 p.m. on the same day.

Key Highlights

  • Standalone revenue from operations rose to Rs 3,226.68 crore in Q1 FY27, compared with Rs 2,862.62 crore in Q1 FY26, reflecting year-on-year growth of approximately 12.7%.
  • Standalone net profit for Q1 FY27 came in at Rs 368.68 crore, up from Rs 293.76 crore in the corresponding quarter of the previous year.
  • Basic and diluted earnings per share on a standalone basis stood at Rs 3.16 (not annualised) for Q1 FY27, against Rs 2.52 for Q1 FY26.
  • No exceptional item was recorded in Q1 FY27; the prior-year quarter carried a Rs 36.81 crore charge related to a warehouse fire at Barasat, West Bengal.

About the Company

Berger Paints India Limited (NSE:BERGEPAINT), headquartered at Berger House, 129 Park Street, Kolkata, is one of India's largest paint and coatings manufacturers. The company produces decorative paints, industrial coatings, and protective coatings across multiple manufacturing plants in India and operates through domestic subsidiaries as well as international joint ventures. Its equity shares carry a face value of Re 1 each.

Announcement in Detail

The board of directors, at its meeting held on 5 August 2026, approved the unaudited standalone and consolidated financial results for Q1 FY27 after review by the audit committee. Statutory auditors BS R & Co. LLP issued an unmodified limited review conclusion on both sets of results under Regulation 33 of the SEBI Listing Regulations, prepared in accordance with Ind AS 34.

On a standalone basis, total income reached Rs 3,265.82 crore in Q1 FY27 versus Rs 2,890.15 crore in Q1 FY26. Profit before tax stood at Rs 500.29 crore, compared with Rs 395.79 crore a year earlier. Total tax expense was Rs 131.61 crore, leaving net profit at Rs 368.68 crore. Other equity as at 31 March 2026 was Rs 6,226.30 crore, with paid-up share capital at Rs 116.60 crore.

Impact on Investors

Investors will note that the year-on-year improvement in net profit from Rs 293.76 crore to Rs 368.68 crore on a standalone basis was partly aided by the absence of any exceptional item in Q1 FY27. The prior-year quarter had carried a Rs 36.81 crore exceptional charge on account of inventory and asset losses from a warehouse fire at Barasat; that claim was subsequently settled and reversed in Q4 FY26, as disclosed in the filing.

The filing shows cost of materials consumed rose to Rs 1,747.59 crore in Q1 FY27 from Rs 1,333.86 crore in Q1 FY26, which shareholders will observe is a meaningful increase in absolute terms and reflects higher volumes alongside raw material cost movements. Employees' benefit expense and depreciation also moved higher, though profit margins expanded on the back of stronger revenue growth.

Sector / Market Context

The Indian paints and coatings industry is closely linked to construction activity and consumer spending on home improvement. According to industry body data and government housing programme updates, urban housing completions and renovation activity have remained a key demand driver for decorative paint volumes. The sector has seen increased competition in recent years following capacity additions by new entrants, which has kept pricing discipline under scrutiny across the listed paint companies. Raw material costs, particularly for key petrochemical-derived inputs, influence margins industry-wide and are tracked closely by analysts and institutional investors in their quarterly assessments.

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