BERGERPAINTSINDIA / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Berger Paints India · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-01Back to quarter ↗

Questions audited

Answered directly

71%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Miisha · Research desk

partial

Impact of pre-buying before price increases on volume growth and Q1 volumes.

there is some impact but obviously the volume growth was improving month on month... in quarter one as well there have been actually three price increases and the fourth one is coming up on the 15th of May for us. So there will be a healthy growth in quarter 1 as well.

Miisha · Research desk

direct

Secondary sales volume growth and pre-buying impact in Q4.

secondary sales had improved... if we saw 11-12% approximately in terms of volume growth then I would say that the secondary would be around 8 to 9% and then 3 to 4% would have been the bunching up of purchasing due to the price increases.

Miisha · Research desk

evasive

Cost inflation, cumulative price hikes, and margin impact in Q1.

more or less whatever has been the raw material price increase so far... we are more or less covered... I don't see any major impact in the profitability that way.

Miisha · Research desk

evasive

Expected volume growth in FY27 given favorable base and El Nino.

It's a difficult question to answer at this stage... it is so volatile... we assume that it will be a fairly decent volume growth in spite of all of these challenges.

Aimea · Research desk

direct

Cumulative price hike percentage and impact on volume vs value growth.

the price increase that we have taken is about 11 to 12%... the value growth will be definitely significantly higher than what it was last year.

Aimea · Research desk

direct

Whether price hikes offset input inflation in absolute or percentage margin terms.

It neutralizes the percentage margin sort of you know absolute.

Percy Pantagi · Research desk

partial

Risk of volume backlash from significant pricing, unlike COVID period.

we have not seen this type of increase of 12-13% but we have definitely seen 7-8% price increases... whenever that had happened the expectation was that it will impact volumes somewhat but very marginal... we should be able to hold on to the volume growth that we had last year.

Percy Pantagi · Research desk

direct

Overall COGS inflation compared to pre-war situation.

It's about 22-23% and that's more or less covered through the price increase.

Roy · Research desk

direct

Size of West Bengal market and impact of government change.

it is double digit actually... we expect therefore the growth rate to accelerate in the state of West Bengal for sure.

Roy · Research desk

partial

Competitive intensity and media spend relative to peers.

competitive intensity why I have said is that it is still quite strong... we spend about we have not increased or decreased our spends... at our market share sort of which is 20%.

Akshand Takar · Research desk

direct

Impact of price hikes on gross margin percentage and mitigating factors.

you are right it will have an impact slightly on the gross margin... we have initiated certain measures... It will still have possibly a slow one to one and a half% impact on the gross margin but that will get neutralized in the EBITDA margin because of scale efficiency.

Adita Barta · Research desk

direct

EBITDA margin guidance range and retention of pricing power.

we stick to that 15 to 17%... this quarter we did exceed that we went up to 18.3%... sometimes when it goes up consistently we will spend more on advertisement rather than go up to 18-19.