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Berger Paints India Q1 FY27 Share Price & Earnings Call Analysis

₹466.55+1.04% today
Market cap
₹54,394 Cr
P/E
44.28
ROE
17.31%
PEG
4.64
Price to sales
4.44
Debt to equity
0.09
52W high / low
₹590 / ₹404
Sales growth (5Y)
11.75%
EBITDA margin
15.59%
Net profit margin
9.53%
Promoter holding
74.98%
Sales (last year)
₹12,263 Cr

Berger Paints India is engaged in the Manufacturing and selling of Paints.(Source : 201903 Annual Report Page No: 117)

Guidance scorecard · Q1 FY27 call

What Berger Paints India Ltd's management guided
and where it ranks in Consumer Durables

#44of 87 in
Consumer Durables
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Double-digit revenue growth expected to sustain in financial year 27, supported by full impact of price increases.
  • Second quarter revenue growth expected to be slightly ahead of first quarter; volume growth around 7.5% to 8%.
  • Volume growth maintained despite price increases; initiatives including network expansion, branding campaigns, and new product introductions to support growth.
  • Operating margins expected to expand if raw material prices remain stable and no price drops occur.
  • Positive mix improvement expected due to more sales of exterior emulsions and better product mix.

2 more points from Berger Paints India Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Berger Paints India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Capex for the year is expected to be around the predicted range.
  • The Panagar project is set to start at the end of the current fiscal year.
  • The company is focusing on backward integration wherever feasible and economically sensible to improve profitability.
  • Investments are being made in expanding network, branding campaigns, and new product introductions to support volume growth.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Berger Paints India Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Berger Paints India Ltd said on the order book →

Full Q1 FY27 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Berger Paints India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Berger Paints India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Berger Paints India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,4443,0302,7672,8822,5203,0912,7752,9752,7043,2012,8272,9842,868
Expenses +2,0972,4732,2942,4022,1692,5692,3402,5032,2762,6722,4752,5132,386
Operating Profit347557474480351522434472428528352471482
OPM %14%18%17%17%14%17%16%16%16%17%12%16%17%
Other Income +151719204846302726337-569
Interest29202120181517161514171412
Depreciation7478838387878989899497100101
Profit before tax258476389398294466358394350423275352438
Tax %28%25%25%25%24%24%25%25%25%25%25%23%24%
Net Profit +186355292300223354270296263315206271335
EPS in Rs1.593.042.502.571.913.032.312.532.252.701.772.332.87

Financials of Berger Paints India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4,1704,2234,5525,1666,0626,3666,8188,76210,56811,19911,54511,880
Expenses +3,6593,5783,8334,3595,1275,3135,6357,4319,0909,3389,68810,047
Operating Profit5116457198079351,0531,1821,3311,4781,8611,8561,833
OPM %12%15%16%16%15%17%17%15%14%17%16%15%
Other Income +3640108466069516848105129104
Interest502716254747445199786358
Depreciation9299108124182191211227264331354392
Profit before tax4045597037057658839791,1221,1621,5571,5681,488
Tax %34%34%33%35%35%26%26%26%26%25%25%24%
Net Profit +2653714744614946567208338601,1701,1831,128
EPS in Rs2.273.184.073.954.245.646.177.147.3710.0210.129.66
Dividend Payout %33%31%36%38%37%32%38%36%36%35%38%41%

Financials of Berger Paints India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital696997979797979797117117117
Reserves1,1911,4931,8042,0972,3472,5633,2803,8304,3975,2626,0386,800
Borrowings +6103544064227537676341,0141,189753670635
Other Liabilities +8469601,1321,3261,3601,4721,9072,2712,2832,2362,3002,506
Total Liabilities2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,057
Fixed Assets +9319631,1361,2671,5831,9162,0442,1873,3323,5003,6773,842
CWIP100516297170178107606111189125316
Investments1343484723333953153562341832555331,189
Other Assets +1,5501,5151,7692,2452,4092,4903,4114,1854,3414,4244,7904,711
Total Assets2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,057

Financials of Berger Paints India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4145953944226117257965669761,5911,2691,540
Cash from Investing Activity +-184-259-308-183-379-223-457-521-600-398-650-976
Cash from Financing Activity +-198-368-82-200-259-479-282-78-363-1,069-606-613
Net Cash Flow32-32438-272257-331312414-49
Free Cash Flow254477130132320294611-1932321,3218451,037
CFO/OP105%120%85%87%91%94%89%65%87%104%89%102%

Financials of Berger Paints India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days474746494041554443424948
Inventory Days104108153140138142174178142134143128
Days Payable819912413311211816113910810310593
Cash Conversion Cycle705675566765678377738683
Working Capital Days172633373128433431465379
ROCE %25%30%31%29%27%28%27%26%24%28%25%22%

Guidance history

How Berger Paints India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned——
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−14.4%43%
Last 6 months−1.4%51%
Last 3 months−10.5%39%

The price is 34.5% below its all-time high of ₹711.87 (23 Jul 2021). Stocks more than 20% below their peak have their score halved, so 46 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Berger Paints India Ltd: 0.4 × 43 + 0.4 × 51 + 0.2 × 39 = 46, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Berger Paints India Ltd's management said in earlier quarters

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