Volume growth to reach double digits next year
Management expects volume growth to improve to double digits (12-13%) in FY27, with value growth lagging by 4-5%.
BERGERPAINTSINDIA / guidance tracker
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Berger Paints India · forward-looking guidance across the available source record.
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What management said would happen.
growth
EBITDA margin to remain within 15-17% range
Operating margins are expected to stay within the guided band of 15-17%, with gross margins sustained as a key objective.
Capex of ~1,800-2,000 cr for two new factories
Planned investment of about 1,800-2,000 crore for new factories at Panagar and Odisha, funded by internal accruals.
Cumulative price hikes of ~12% in Q1 FY27
Management has taken three price increases in Q1 and a fourth on May 15, totaling ~12% to offset raw material inflation.
FY27 volume growth expected to hold at similar levels
Volume growth expected to be similar to FY26, with value growth significantly higher due to price hikes.
EBITDA margin guidance maintained at 15-17%
Management reiterated the 15-17% EBITDA margin range on a 12-month basis, with potential to exceed temporarily.
Nepal business expected to recover with double-digit growth
After election-related disruption, Nepal has seen robust double-digit growth in recent months and is expected to recover.