Berger Paints’ Q2 Profit Falls 23.5% to ₹206 Crore Amid Muted Demand

Berger Paints India Limited reported a 1.9% rise in consolidated revenue from operations at Rs. 2,827.5 crore for the quarter ended September 30, 2025, compared to Rs. 2,774.6 crore a year earlier. However, the company’s net profit declined 23.5% year-on-year to Rs. 206.4 crore, while EBITDA dropped 18.9% to Rs. 352.3 crore. For the first half of FY26, consolidated revenue grew 2.8% to Rs. 6,028.3 crore, though net profit fell 16.4% to Rs. 521.4 crore. Managing Director & CEO Abhijit Roy attributed the muted performance to an extended monsoon season that dampened demand and impacted sales of exterior products, coupled with higher brand investment costs.

Despite these challenges, Berger Paints recorded high single-digit volume growth and continued to improve its market share in the paints and coatings sector. The company’s waterproofing, construction chemicals, and wood coatings segments showed strong growth, while automotive and powder coatings posted moderate gains. In Kolkata, Berger Paints maintained a steady retail presence with increased focus on waterproofing solutions and decorative coatings, reflecting resilient urban demand despite seasonal sluggishness.

Looking ahead, Roy expressed optimism about domestic demand recovery, though he cautioned that global geopolitical volatility and tariff uncertainties remain key risks for the sector.