Strong demand, premium product mix and easing competition boosted paint makers' March-quarter performance, though the impact of price hikes on future volumes remains a key monitorable
Berger Paints says recent price hikes have nearly offset rising raw material costs, with no immediate signs of demand slowdown despite oil-led inflation
Shares of Berger Paints India surged after strong Q4 earnings, with brokerages turning bullish on easing competition, double-digit growth prospects and improving margins in FY27
The investor sentiment was further bolstered by favourable commentary from brokerages, which expect the company to gain market share as the paint industry recovers in FY27
Stocks to watch today: Jewellery stocks, Tata Power, RVNL, Airtel, Cipla, Dixon Technologies, Dr Reddy's, Berger Paints are among others that will remain in focus today.
Berger Paints India Ltd on Tuesday reported a 27.52 per cent rise in consolidated net profit at Rs 335.25 crore for March quarter FY26 helped by improvement in product mix and softening of raw material prices. The company had logged a profit of Rs 262.91 crore in the year-ago period, Berger Paints India said in a regulatory filing. Revenue from operations in the quarter stood at Rs 2,868.03 crore as against Rs 2,704.03 crore a year ago. Total expenses were higher at Rs 2,499 crore as compared to Rs 2,380.55 crore. "The progressive demand improvement seen in the previous quarter continued into the fourth quarter which enabled the achievement of a healthy volume growth of 11.8 per cent for the quarter. This growth was supported by a qualitative improvement in mix and softening of raw material prices..." Berger Paints India Managing Director & CEO Abhijit Roy said. The automotive segment performed strongly following the increased demand post GST cuts and lower financing costs. This ..
The Bombay High Court restrained circulation of a Berger Paints advertisement after observing that it prima facie crossed into disparagement of Asian Paints
However, in the calendar year 2026 so far, paint stocks have underperformed the market, falling up to 38 per cent due to poor operational performance and rising crude oil prices.
Systematix continues to prefer Berger Paints India, highlighting its consistent growth outperformance and momentum across both decorative and industrial segments
Brent crude rose as much as 28.9 per cent to $119.5. West Texas Intermediate, the light, sweet crude oil produced in the US, was trading at $113.4 a barrel, up 24.7 per cent from Friday's close
Paint stocks slipped in FY26 Q3 as weak decorative demand, intense competition and rising crude oil prices outweighed hopes of a volume-led recovery
Sector's competitive landscape, Geojit said, has stabilised and that demand is likely to pick up in the coming months, supported by improved weather conditions and the release of pent-up demand
According to Phillip Capital, the risk reward is now favourable for market leaders that are well positioned to navigate near-term volatility and benefit from the revival in India's paint demand