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BERGERPAINTSINDIA Manufacturing 01 May 2026

Berger Paints India Ltd — Q4 FY26

Berger Paints delivered a strong Q4 FY26 with standalone volume growth of 11.8% and value growth of 6.7%, driven by healthy traction across decorative and industrial segments.

bullish high
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Revenue ₹2,868 Cr +6.7%
EBITDA +17.8%
PAT ₹335 Cr +38%
EBITDA Margin 18.3% +110bps
Duration 63 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Elevated competitive intensity

Despite improved pricing discipline from new entrants, competitive pressure remains high and could impact market share.

medium · management_commentary
R

Raw material cost inflation and rupee depreciation

Sharp rupee depreciation and volatile crude-based derivatives could pressure margins if not fully offset by price hikes.

high · management_commentary
R

Potential volume impact from price hikes

Analyst raised concern that 12% price increase could dampen demand; management believes impact will be marginal.

medium · analyst_question
R

Channel inventory buildup

Analyst noted channel inventory may have risen materially due to pre-buying ahead of price hikes, which could affect future orders.

low · analyst_question