New Delhi: Berger Paints India reported a muted performance for the quarter ended December 31, 2025, with profitability coming under pressure even as volumes showed a pickup and revenues remained largely flat.
The company’s consolidated revenue from operations stood at ₹2,984 crore, a marginal 0.3% increase over the same period last year, while net profit declined 8.3% to ₹271.3 crore.
On a standalone basis, revenue rose 0.4% year-on-year to ₹2,595 crore, but net profit slipped 2.5% to ₹298.4 crore, reflecting the impact of cost pressures and lower operating leverage. EBITDA for the quarter remained broadly flat on both consolidated and standalone bases, indicating that margin recovery is still a work in progress despite an improvement in gross margins.
For the nine months ended December 2025, the picture was similar. Consolidated revenue grew 1.9% to ₹9,012 crore, but net profit fell 13.8% to ₹792.8 crore. Standalone net profit for the same period declined 8.6% to ₹768.4 crore, even as revenues rose 1.2% to ₹7,916 crore.
The company said EBITDA for the nine-month period declined as continued investments in brand building and a negative scale effect weighed on operating performance.
Management pointed to a gradual improvement in demand conditions during the quarter, noting that extended monsoons and a shorter festive season hurt October sales, but demand picked up in the following months, helping deliver volume growth of 8.5% in the quarter. Key focus segments such as waterproofing, construction chemicals and wood coatings posted healthy growth, while automotive coatings recorded mid-single digit expansion.
However, overseas operations and some subsidiaries faced challenges, with Nepal impacted by political uncertainty and one unit seeing a temporary shutdown, while another faced a slowdown in the fan industry and exports. The company also flagged forex volatility and geopolitical uncertainty as near-term risks to margins, even as it remained optimistic about a gradual recovery in domestic demand.