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Berger Paints India Ltd.

BERGEPAINTConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

19 transcript(s)/analyst meet(s) served; 16 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 19 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
COVER_LETTER202108132021-06-30no
COVER_LETTER202211142021-09-30no
COVER_LETTER202206022022-03-31no
COVER_LETTER202208112022-06-30no
COVER_LETTER202302062022-12-31no
COVER_LETTER202305182023-03-31no
COVER_LETTER202308142023-06-30no
COVER_LETTER202311062023-09-30no
COVER_LETTER202402092023-12-31no
COVER_LETTER202405172024-03-31no
COVER_LETTER202408142024-06-30no
COVER_LETTER202411112024-09-30no
TRANSCRIPT202502132024-12-31yes
COVER_LETTER202505192025-03-31no
COVER_LETTER202508072025-06-30no
COVER_LETTER202511052025-09-30no
TRANSCRIPT202602102026-03-31yes
COVER_LETTER202605142026-03-31no
TRANSCRIPT202608062026-06-30yes

BERGEPAINT

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close449.40
52-week range404.5 – 590.1
Return 1M-11.86%
Return 3M-16.57%
Return 1Y-16.13%
Return 3Y-26.5%
Return 5Y-35.81%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations3,584.00
Other income39.00
Total income3,623.00
Cost of materials consumed1,917.00
Purchases of stock-in-trade303.00
Changes in inventories-101.00
Employee benefit expense245.00
Finance costs12.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.750.00
institutions foreign0.050.00
institutions domestic0.120.00
mutual funds0.070.00
public0.250.00

Documents on file

ClassMost recentOn file
COVER_LETTER2026-03-3116
TRANSCRIPT2026-06-303

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations2,671.002,694.002,444.003,030.002,767.002,882.002,520.003,091.002,775.002,975.002,704.003,201.002,827.002,984.002,868.003,584.00
Other income13.0011.0015.0014.0015.0019.0016.0036.0021.0020.0017.0028.0026.0031.0022.0039.00
Total income2,684.002,704.002,459.003,043.002,783.002,901.002,536.003,127.002,796.002,995.002,721.003,229.002,853.003,014.002,890.003,623.00
Cost of materials consumed1,592.001,302.001,335.001,481.001,498.001,296.001,322.001,578.001,498.001,406.001,393.001,488.001,482.001,370.001,501.001,917.00
Purchases of stock-in-trade238.00247.00201.00248.00221.00226.00229.00267.00257.00249.00248.00267.00255.00258.00281.00303.00
Changes in inventories-102.00210.00-66.0094.00-89.00176.00-56.0013.00-138.0082.00-92.00120.00-84.0071.00-181.00-101.00
Employee benefit expense160.00148.00155.00167.00190.00182.00174.00192.00221.00200.00202.00217.00245.00228.00222.00245.00
Finance costs24.0030.0029.0020.0021.0020.0018.0015.0017.0016.0015.0014.0017.0014.0012.0012.00
Depreciation and amortisation62.0064.0074.0078.0083.0083.0087.0087.0089.0089.0089.0094.0097.00100.00101.00103.00
Other expenses419.00437.00450.00483.00474.00522.00500.00518.00502.00567.00526.00580.00577.00586.00563.00613.00
Total expenses2,394.002,438.002,179.002,571.002,398.002,504.002,274.002,671.002,446.002,608.002,381.002,781.002,590.002,627.002,499.003,092.00
Profit before exceptional items and tax290.00267.00280.00472.00385.00396.00262.00456.00349.00387.00341.00448.00264.00387.00391.00531.00
Exceptional items3.000.000.000.004.001.000.000.000.000.000.00-37.000.00-53.0037.000.00
Profit before tax293.00267.00280.00472.00389.00398.00262.00456.00349.00387.00341.00412.00264.00334.00428.00531.00
Current tax76.0069.0064.00116.0094.00100.0065.00108.0089.0095.0095.00103.0065.0094.00113.00132.00
Deferred tax-3.00-1.008.005.002.00-2.007.004.00-1.004.00-8.005.004.00-13.00-10.005.00
Tax expense73.0068.0072.00121.0097.0098.0071.00112.0088.0098.0087.00108.0068.0081.00103.00138.00
Profit for the period220.00201.00186.00355.00292.00300.00223.00354.00270.00296.00263.00315.00206.00271.00335.00405.00
Profit attributable to owners219.00201.00186.00354.00292.00300.00222.00354.000.00295.00262.00315.00206.00271.00335.00404.00
Profit attributable to non-controlling interests0.000.000.001.000.001.001.000.000.001.001.000.000.000.000.001.00
Other comprehensive income-10.009.00-4.00-4.0014.0013.00-1.00-2.00-4.0012.00-9.0019.0025.0011.0016.008.00
Total comprehensive income210.00210.00182.00351.00307.00313.00221.00352.00266.00308.00254.00334.00232.00282.00351.00413.00
Earnings per share, basic2.262.071.913.652.502.571.913.032.312.532.252.701.772.332.873.47
Earnings per share, diluted2.262.071.913.652.502.571.903.032.312.532.252.701.772.332.873.47

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations6,062.006,366.006,818.008,762.0010,568.0011,199.0011,545.0011,880.00
Other income60.0069.0051.0065.0052.0064.0095.00107.00
Total income6,122.006,434.006,869.008,826.0010,619.0011,263.0011,639.0011,987.00
Cost of materials consumed3,416.003,228.003,438.005,047.005,853.005,597.005,875.005,840.00
Purchases of stock-in-trade457.00517.00618.00764.00971.00924.001,022.001,062.00
Changes in inventories-174.00-19.00-187.00-381.00-93.00125.00-134.00-74.00
Employee benefit expense409.00452.00485.00543.00609.00713.00815.00913.00
Finance costs32.0047.0044.0051.0099.0078.0063.0058.00
Depreciation and amortisation138.00191.00211.00227.00264.00331.00354.00392.00
Other expenses1,072.001,127.001,276.001,459.001,741.001,979.002,112.002,307.00
Total expenses5,350.005,543.005,885.007,708.009,444.009,747.0010,106.0010,497.00
Profit before exceptional items and tax772.00891.00984.001,118.001,176.001,516.001,533.001,490.00
Exceptional items0.000.00-6.004.000.000.000.00-53.00
Profit before tax772.00891.00979.001,122.001,176.001,516.001,533.001,437.00
Current tax268.00248.00258.00286.00299.00375.00387.00374.00
Deferred tax6.00-21.001.003.003.0012.00-1.00-14.00
Tax expense273.00227.00259.00289.00302.00387.00386.00360.00
Profit for the period497.00656.00720.00833.00860.001,170.001,183.001,128.00
Profit attributable to owners498.00658.00720.00833.00859.001,168.001,180.001,127.00
Profit attributable to non-controlling interests-0.00-2.00-0.000.001.002.002.001.00
Other comprehensive income-11.00-19.0013.00-16.004.0022.00-3.0072.00
Total comprehensive income487.00637.00732.00817.00865.001,192.001,179.001,200.00
Earnings per share, basic5.136.767.418.588.8610.0210.139.67
Earnings per share, diluted5.136.757.418.578.8610.0210.129.66

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets8,215.007,967.008,403.008,369.008,881.009,132.009,457.0010,057.00
Non-current assets3,504.003,803.003,804.004,051.004,080.004,241.004,385.004,630.00
Current assets4,711.004,164.004,599.004,318.004,801.004,890.005,072.005,427.00
Property, plant and equipment1,534.002,536.002,522.002,516.002,495.002,693.002,707.002,811.00
Capital work-in-progress907.00110.00125.00187.00228.00123.00216.00316.00
Goodwill268.00282.00295.00305.00323.00323.00358.00374.00
Other intangible assets16.00514.0016.00679.00669.00660.00676.00657.00
Inventories2,597.002,319.002,245.002,180.002,309.002,366.002,222.002,393.00
Trade receivables1,485.001,243.001,667.001,302.001,681.001,536.001,849.001,565.00
Cash and cash equivalents84.00116.00155.00240.00184.00254.00230.00207.00
Total equity and liabilities8,215.007,967.008,403.008,369.008,881.009,132.009,457.0010,057.00
Equity4,108.004,502.004,851.005,389.005,602.006,167.006,293.006,930.00
Equity share capital97.0097.00117.00117.00117.00117.00117.00117.00
Other equity4,003.004,397.004,725.005,262.005,474.006,038.006,163.006,800.00
Total liabilities4,108.003,465.003,552.002,979.003,279.002,965.003,165.003,127.00
Non-current liabilities455.00490.00540.00617.00614.00585.00591.00561.00
Current liabilities3,652.002,975.003,012.002,363.002,665.002,380.002,574.002,566.00
Borrowings, non-current308.00342.00374.00448.00444.00419.00406.00399.00
Borrowings, current1,326.00847.00780.00305.00352.00252.00292.00236.00
Trade payables1,930.001,766.001,794.001,679.001,876.001,740.001,656.001,745.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities44.00976.00642.001,591.00563.001,269.00647.001,540.00
Net cash from investing activities-273.00-600.00-145.00-398.00-189.00-650.00-169.00-976.00
Net cash from financing activities210.00-363.00-458.00-1,069.00-430.00-606.00-503.00-613.00
Purchase of property, plant and equipment405.00748.00118.00275.00170.00429.00191.00518.00
Net increase in cash-19.0013.0039.00124.00-56.0014.00-24.00-47.00
con:CFO.BEFORE_TAX188.00976.00779.001,591.00563.001,269.00647.001,540.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING145.000.00138.000.000.000.000.000.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS5.000.002.000.000.000.003.000.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group74.9974.9974.9974.9974.9974.9974.9974.9974.9874.980.750.750.750.75
Domestic institutions3.463.754.074.685.187.588.799.6110.1110.450.110.110.120.12
Mutual funds—————————5.510.060.060.070.07
Insurance companies2.172.432.873.364.184.334.925.084.824.900.050.050.050.05
Foreign institutions10.6410.8310.8910.6810.667.516.985.945.755.600.050.050.050.05
Government—————————0.000.000.000.000.00
Public25.0125.0125.0125.0125.0125.0125.0125.0125.0225.020.250.250.250.25
Non-institutional10.9010.4210.059.659.179.929.249.479.158.970.090.090.090.08
Shares outstanding971422485971422485116570698211657438401165796049116579604911657960491165831177116589477911658947791165894779116596625011660028121166002812

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
U K Paints (India) Private LimitedUltimate Holding CompanyDividend paid, Inter-corporate deposit, Purchase of 2,965,300,000.008
Jenson & Nicholson (Asia) LimitedFellow SubsidiaryDividend paid590,800,000.001
Seaward Packaging LimitedEntity controlled by Key ManagemenPurchase of goods or services, Sale of goods or serv504,900,000.002
Beepee Coatings Private LimitedWholly Owned SubsidiaryInterest received, Loan, Purchase of goods or servic277,400,000.006
Berger Nippon Paint Automotive Coatings Private LimitedJoint Venture of the CompanyPurchase of goods or services, Sale of goods or serv202,700,000.005
Berger Paints Provident Fund (Covered)Post-employment benefit plan of thAny other transaction138,800,000.001
Citland Commercial Credits LimitedFellow SubsidiaryDividend paid129,800,000.001
Wang Investment And Finance Private LimitedFellow SubsidiaryDividend paid125,900,000.001
Berger Jenson & Nicholson (Nepal) Private LimitedWholly Owned SubsidiarySale of goods or services120,700,000.002
STP LimitedSubsidiaryPurchase of goods or services, Sale of goods or serv115,000,000.004
Berger Rock Paints Private LimitedSubsidiarySale of goods or services107,600,000.003
Berger Becker Coatings Private LimitedJoint Venture of the CompanyPurchase of goods or services, Sale of goods or serv51,200,000.004
Mr. Abhijit RoyManaging Director & CEODividend paid, Remuneration47,000,000.002
KSD Family TrustMr Kuldip Singh Dhingra - Settlor Dividend paid34,900,000.001
Bigg Investment & Finance Private LimitedEntity controlled by Key ManagemenDividend paid33,400,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-06Q1FY27BERGER PAINTS INDIA LIMITED, SERVICESRead the call
2026-02-10FYFY26BERGER PAINTS INDIA LIMITED, SERVICESRead the call
2025-02-13Q3FY25Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicFYFY26Q1FY27Q3FY25
CapexGiven that we'll be generating close to 1400, 1500 crores of cash flow from operations over the next couple of years.  What amount of that will be us…Okay, and Capex for the year, how should we think about that?And now the new plant will also start in the Eastern India.
Capital allocationAs of now, we keep looking at acquisition opportunities, but we don't look at very big  Stakes, we look at small stakes, which we can integrate with …—As as I mentioned, there's a Bj and Nepal dividend which came in, and that's why it is one positive so much
Costs—You know, for example, just to give you an example, suppose, you know, in essence, the raw material prices had gone up slightly lower.and therefore, you know, chances of raw material prices.
Debt and cashSo, it will absorb the free cash flow that is there.——
DemandOperations normalized from January 26, so now it's okay.  SBL Speciality Coatings Limited, revenue impacted by weak industrial demand and tariff impa…Plus, festive demand and distribution expansion should help.And typically the urban demand is largely would be, would this fair assumption that it will be more incrementally project led, and hence exterior pain…
GuidanceThe value sales growth did not happen, so obviously the overheads  Got spread over a lesser value, and hence.  Otherwise, the EBITDA also would have…Business outlook for financial year 27, double-digit revenue growth expected to sustain, supported by the full quarter impact of price increases in qua…So we expect bit single digit growth in terms of value.
MarginWith me today, here is Kaushik, and Sayantan is on the line in Kolkata.  Let me start with the presentation.  We have, just a quick highlights of th…Gross margin moderated marginally, primarily due to delayed and partial pass-through of input cost increases in industrial business.operating margin remained in the guided range and improved sequentially
PricingMy second question to Mr. Ghosh is, from a financial point of view, can you elaborate on the key trade-offs managed between input cost volatility, pri…Largely due to the fact that, you know, the price increases were taken more towards the end of the quarter.and some inventory impact of monomer price increase.
Revenue growthWe set up a new factory near Chandigarh, which consumed, you know, some initial expenses.  But it is one-off and should come off, you know, from this…Primarily due to the muted revenue growth in wholly owned subsidiaries, Bullix and STP, 00:13:54.140 --> 00:14:04.330Ytd basis, we had a volume growth of 7.7%

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2026-02-10FYFY26SERVICESFebruary also has been started, you know, and now I think we expect that the metallics of Luxol metallic and silk metallics, these are high profit margin products, and doing quite well across the country.  The other is, you know, in terms of the expanding range of construction chemical products and waterproofing range.  We added Dam Shield, which is another product, which we added in the last quarter.  And we are going to add one or two new products this quarter as well.  Industrial business, auto seg… payment delivered… Hi, single bottom group value.  Loop In Protecton and general indust
2026-02-10FYFY26SERVICESWe should be able to definitely go into the volume, double-digit volume growth happening.  As far as value growth are concerned, I think the differential will remain in the extent of 4-5%, so if the volume growth goes up to, say, 12-13%, then the value growth should be in the range of 7-8%.