Berger Paints (I) Revenue History — Quarter by Quarter

Berger Paints (I)'s revenue moved from ₹3,030 Cr in Q1 FY24 to ₹2,868 Cr in Q4 FY26, a -5.3% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹2,868 Cr	+6.7%
Q3 FY26	₹2,984 Cr	+0.4%
Q2 FY26	₹2,827 Cr	+1.1%
Q1 FY26	₹3,201 Cr	—
Q4 FY25	₹2,704 Cr	+4.4%
Q3 FY25	₹2,975 Cr	+0.4%
Q2 FY25	₹2,775 Cr	-0.4%
Q1 FY25	₹3,091 Cr	+2.4%
Q4 FY24	₹2,520 Cr	+2.7%
Q3 FY24	₹2,882 Cr	+6.4%
Q2 FY24	₹2,767 Cr	+2.8%
Q1 FY24	₹3,030 Cr	+10.1%

What management said about revenue

Q4 FY26 · Cumulative price hikes of ~11-12% to offset raw material inflation

Price increases taken across products are expected to neutralize the impact of raw material cost inflation, with gross margins likely to see only a slight dip of ~1.5% which will be offset by scale efficiencies.

Q4 FY26 · Volume growth expected to hold at similar levels as last year

Management expects volume growth to remain at similar levels as FY26, with value growth significantly higher due to price hikes, supported by favorable base and stable competitive intensity.

Q3 FY26 · Volume growth to reach double digits

Management expects volume growth to reach double digits, with value growth lagging by 4-5% due to mix shift.

Q2 FY26 · Q3 value growth mid-single digit, Q4 double-digit

Management expects mid-single-digit value growth in Q3 and double-digit in Q4, driven by pent-up demand and improved weather.

Q2 FY26 · Volume-value gap to narrow to ~4-4.5% by Q4 FY27

Management expects the volume-value gap to stabilize around 4-4.5% from Q4 FY27 onward as high-growth categories mature.

Q1 FY26 · Volume growth to return to 7-9% post-monsoon

Management expects volume growth to recover to 7-9% range after monsoon abates, with potential for high single-digit growth in H2.

Q1 FY26 · Value growth to converge with volume growth by Q4 FY26

Expects value growth to reach high single digits (9-10%) by Q4 FY26 or early Q1 FY27 as mix improves and price cuts annualize.

Q4 FY25 · Revenue growth to improve sequentially in FY26

Revenue growth is expected to improve each quarter in FY26 as the volume-value gap narrows and demand recovers, with Q1 being slightly better than Q4 FY25.

Q4 FY25 · Market share gains to moderate to 0.3-0.4% annually

Management expects market share gains from listed players to normalize to 0.3-0.4% per year, lower than the exceptional gain in FY25.

Q3 FY25 · Volume growth to approach double digits in Q4 FY25

Management expects volume growth to improve sequentially, moving towards double digits in Q4, driven by waning price cut impact and better sentiment.

Q3 FY25 · Volume-value gap to narrow to 2-2.5% in coming quarters

The volume-value gap, currently ~6.5%, is expected to reduce as price cut impact fades, leaving a structural gap of 2-2.5% from mix shift.

Q2 FY25 · Volume growth of 7%-10% in Q3 FY25

Management expects volume growth to be between 7% and 10% in Q3, driven by demand recovery and urban initiatives.