Berger Paints India

Berger Paints delivered a strong Q4 FY26 with standalone volume growth of 11.8%Current 11.8%. Reported change: +11.8pp YoY. and value growth of 6.7%Current reported value: 6.7%. No comparable prior figure is available in the source record., driven by healthy traction across decorative and industrial segments. Gross margin expanded to a 12-quarter high of 42.3%Current 42.3%. Reported change: +110bps YoY. and EBITDA margin reached an 10-quarter high of 18.3%Current 18.3% vs previous available quarter 16.1%., aided by favorable mix, operating leverage, and lower raw material costs. PAT grew 38%Current reported value: 38%. No comparable prior figure is available in the source record. including an insurance claim reversal. Management guided for FY27 volume growth to hold at similar levels with value growth outpacing volume due to cumulative price hikes of ~12%. Risks include elevated competitive intensity and potential demand softness from inflation. The new entrant's pricing discipline has improved, supporting industry rationality.