Berger Paints Q2 Results | Net profit falls 24% on extended monsoon, weak demand

The country's second-largest paint company, Berger Paints India Ltd, on Tuesday (November 4), reported a 23.6% year-on-year decline in consolidated net profit to ₹206 crore for the quarter ended September 2025, compared with ₹270 crore in the same period last year.

Revenue from operations grew 1.9% year-on-year to ₹2,827 crore, up from ₹2,774 crore in the corresponding quarter of the previous year. Earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 19% year-on-year to ₹352 crore against ₹434 crore a year ago. The company’s operating margin stood at 12.4% compared with 15.6% in the same quarter last year.

Standalone Q2

Berger Paints India reported standalone revenue from operations of ₹2,458.5 crore for the quarter ended September 30, 2025, a 1.1% increase from ₹2,430.7 crore in the corresponding quarter last year. EBITDA (excluding other income) for the quarter stood at ₹311.2 crore, down 18.8% from ₹383.4 crore in the same period last year. The company’s net profit for the quarter declined 23% year-on-year to ₹176.3 crore compared with ₹229 crore in the previous year’s corresponding quarter.

Half Year

For the half year ended September 30, 2025, consolidated revenue from operations was ₹6,028.3 crore, up 2.8% from ₹5,865.6 crore in the same period last year. Consolidated EBITDA (excluding other income) declined 7.9% to ₹880.7 crore from ₹956.6 crore in the previous year’s period. Consolidated net profit for the half year fell 16.4% year-on-year to ₹521.4 crore compared with ₹623.9 crore last year.

On a standalone basis, revenue from operations for the half year stood at ₹5,321.1 crore, reflecting a 1.6% increase over ₹5,237 crore a year ago. Standalone EBITDA (excluding other income) came in at ₹810.7 crore, down 6.5% from ₹867.1 crore in the same period last year. Net profit for the half year declined 12.1% to ₹470 crore from ₹534.5 crore in the corresponding period of the previous year.

Abliijit Roy, Managing Director and CEO of Berger Paints India, said, "The extended monsoon season right through this quarter saw a muted demand scenario across most markets in spite of which we were able to deliver high single-digit volume growth and a low positive revenue growth.

Though the revenue growth rate this quarter was muted, as per our estimates, we have continued to improve on our market share for the Apr '25 to Sept '25 period over FY25 levels amongst the major listed companies in the paints & coatings space.

Profitability was impacted by a negative scale effect and an adverse product mix due to the low sales of exterior products and increased investments in brand-building efforts in this quarter."

Shares of Berger Paints India Ltd ended at ₹536.00, down by ₹3.10, or 0.58%, on the BSE.