Berger Paints (I) (BERGEPAINT)₹471.20−2.09%Paints
In the Jun 2026 quarter (consolidated), Berger Paints (I) reported sales of ₹3,572 Cr, up 12.0% from Jun 2025, and net profit of ₹406 Cr, up 28.7% year on year. For the year to Mar 2026, sales were ₹11,834 Cr and net profit ₹1,130 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,756 | 2,870 | 2,510 | 3,079 | 2,763 | 2,965 | 2,694 | 3,189 | 2,818 | 2,972 | 2,857 | 3,572 |
| Expenses | 2,293 | 2,404 | 2,169 | 2,570 | 2,340 | 2,506 | 2,277 | 2,673 | 2,476 | 2,513 | 2,388 | 2,977 |
| Operating Profit | 473 | 479 | 350 | 521 | 433 | 471 | 427 | 527 | 352 | 470 | 481 | 606 |
| OPM % | 17.0% | 17.0% | 14.0% | 17.0% | 16.0% | 16.0% | 16.0% | 17.0% | 12.0% | 16.0% | 17.0% | 17.0% |
| Other Income | 18.94 | 19.96 | 47.91 | 45.89 | 29.94 | 26.91 | 25.94 | 2.99 | 36.90 | −4.99 | 68.77 | 50.89 |
| Interest | 21.01 | 19.99 | 17.99 | 14.99 | 16.99 | 15.98 | 15.01 | 14.01 | 16.99 | 13.99 | 12.01 | 11.99 |
| Depreciation | 83.11 | 83.16 | 87.17 | 87.19 | 89.12 | 89.19 | 89.11 | 94.22 | 97.10 | 100 | 101 | 103 |
| Profit before tax | 391 | 400 | 295 | 468 | 359 | 395 | 352 | 425 | 276 | 353 | 439 | 545 |
| Tax % | 25.0% | 25.0% | 24.1% | 24.1% | 25.0% | 25.0% | 25.0% | 25.1% | 25.0% | 23.0% | 24.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −26.90 | 0.00 | −38.84 | 26.89 | 0.00 |
| Net Profit | 292 | 301 | 223 | 355 | 271 | 297 | 263 | 316 | 207 | 272 | 335 | 406 |
| EPS (Rs) | 2.49 | 2.56 | 1.90 | 3.02 | 2.30 | 2.54 | 2.26 | 2.71 | 1.76 | 2.32 | 2.86 | 3.46 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,210 | 4,538 | 5,149 | 6,036 | 6,343 | 6,795 | 8,726 | 10,537 | 11,156 | 11,501 | 11,834 | 12,219 |
| Expenses | 3,577 | 3,832 | 4,361 | 5,127 | 5,314 | 5,638 | 7,436 | 9,098 | 9,339 | 9,690 | 10,054 | 10,353 |
| Operating Profit | 644 | 718 | 805 | 934 | 1,052 | 1,180 | 1,328 | 1,475 | 1,857 | 1,853 | 1,830 | 1,909 |
| OPM % | 15.0% | 16.0% | 16.0% | 15.0% | 17.0% | 17.0% | 15.0% | 14.0% | 17.0% | 16.0% | 15.0% | 15.6% |
| Other Income | 39.88 | 108 | 45.92 | 59.86 | 68.86 | 50.84 | 67.86 | 47.85 | 105 | 129 | 104 | 152 |
| Interest | 26.97 | 15.99 | 24.99 | 46.99 | 46.99 | 43.99 | 51.01 | 99.01 | 77.95 | 63.01 | 58.02 | 54.98 |
| Depreciation | 99.10 | 108 | 124 | 182 | 191 | 211 | 228 | 264 | 332 | 354 | 393 | 402 |
| Profit before tax | 561 | 706 | 708 | 768 | 886 | 983 | 1,126 | 1,166 | 1,562 | 1,575 | 1,493 | 1,614 |
| Tax % | 34.0% | 33.1% | 35.0% | 35.0% | 26.1% | 26.0% | 26.0% | 26.0% | 25.1% | 25.0% | 24.0% | — |
| Exceptional items | 10.96 | 47.86 | 11.95 | 8.97 | 11.96 | 4.98 | 9.96 | −0.99 | 5.98 | 19.93 | −4.98 | −11.95 |
| Net Profit | 372 | 475 | 462 | 495 | 657 | 721 | 835 | 861 | 1,172 | 1,185 | 1,130 | 1,220 |
| EPS (Rs) | 3.17 | 4.06 | 3.94 | 4.23 | 5.63 | 6.16 | 7.13 | 7.36 | 10.01 | 10.13 | 9.65 | 10.40 |
| Dividend payout % | 31.0% | 36.0% | 38.0% | 37.0% | 32.0% | 38.0% | 36.0% | 36.0% | 35.0% | 38.0% | 41.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 68.98 | 68.99 | 96.99 | 97.09 | 96.99 | 97.01 | 97.01 | 96.97 | 97.10 | 117 | 117 | 117 |
| Reserves | 1,189 | 1,489 | 1,801 | 2,095 | 2,342 | 2,557 | 3,273 | 3,826 | 4,390 | 5,252 | 6,027 | 6,791 |
| Borrowings | 611 | 355 | 407 | 423 | 755 | 769 | 635 | 1,016 | 1,192 | 755 | 671 | 636 |
| Other Liabilities | 843 | 959 | 1,132 | 1,325 | 1,359 | 1,473 | 1,909 | 2,271 | 2,280 | 2,241 | 2,304 | 2,487 |
| Total Liabilities | 2,713 | 2,874 | 3,437 | 3,941 | 4,552 | 4,897 | 5,914 | 7,209 | 7,959 | 8,365 | 9,119 | 10,030 |
| Fixed Assets | 932 | 964 | 1,137 | 1,270 | 1,586 | 1,919 | 2,047 | 2,192 | 3,336 | 3,505 | 3,681 | 3,846 |
| CWIP | 100 | 51.09 | 62.14 | 97.24 | 170 | 178 | 107 | 607 | 111 | 189 | 125 | 317 |
| Investments | 134 | 347 | 471 | 332 | 394 | 314 | 355 | 234 | 183 | 254 | 532 | 1,186 |
| Other Assets | 1,546 | 1,511 | 1,766 | 2,240 | 2,402 | 2,484 | 3,405 | 4,177 | 4,330 | 4,416 | 4,781 | 4,682 |
| Inventories | 719 | 732 | 934 | 1,006 | 1,233 | 1,276 | 1,615 | 2,315 | 2,318 | 2,177 | 2,365 | 2,392 |
| Trade receivables | 537 | 546 | 580 | 694 | 673 | 717 | 1,024 | 1,058 | 1,247 | 1,307 | 1,540 | 1,570 |
| Cash & equivalents | 171 | 105 | 102 | 206 | 239 | 221 | 442 | 314 | 246 | 453 | 501 | 306 |
| Total Assets | 2,713 | 2,874 | 3,437 | 3,941 | 4,552 | 4,897 | 5,914 | 7,209 | 7,959 | 8,365 | 9,119 | 10,030 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 413 | 594 | 394 | 421 | 610 | 724 | 795 | 565 | 975 | 1,590 | 1,267 | 1,537 |
| Cash from investing activity | −184 | −259 | −309 | −183 | −380 | −223 | −457 | −521 | −601 | −398 | −651 | −975 |
| Cash from financing activity | −198 | −368 | −82.05 | −200 | −259 | −480 | −282 | −78.13 | −363 | −1,069 | −607 | −613 |
| Net cash flow | 32.11 | −32.09 | 4.02 | 38.13 | −27.10 | 22.06 | 57.21 | −33.13 | 13.04 | 124 | 14.04 | −47.19 |
| Capex | 162 | 122 | 269 | 294 | 294 | 436 | 186 | 776 | 750 | 276 | 430 | 519 |
| Free cash flow | 253 | 475 | 129 | 131 | 319 | 293 | 609 | −192 | 231 | 1,315 | 842 | 1,033 |
| CFO / OP % | 105.0% | 120.0% | 85.0% | 87.0% | 91.0% | 94.0% | 89.0% | 65.0% | 87.0% | 104.0% | 89.0% | 102.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 47 | 47 | 46 | 49 | 40 | 41 | 55 | 44 | 43 | 42 | 49 | 48 |
| Inventory days | 103 | 107 | 152 | 139 | 137 | 141 | 173 | 177 | 141 | 133 | 142 | 143 |
| Days payable | 81 | 99 | 124 | 133 | 112 | 118 | 161 | 139 | 108 | 103 | 105 | 105 |
| Cash conversion cycle | 70 | 56 | 75 | 56 | 67 | 65 | 67 | 83 | 77 | 73 | 86 | 87 |
| Working capital days | 17 | 26 | 33 | 37 | 31 | 28 | 43 | 34 | 31 | 46 | 53 | 49 |
| ROCE % | 25.1% | 30.1% | 31.1% | 29.1% | 27.1% | 28.1% | 27.1% | 26.0% | 24.1% | 28.1% | 25.1% | 22.0% |
For the Jun 2026 quarter, Berger Paints (I) reported sales of ₹3,572 Cr, up 12.0% year on year and net profit of ₹406 Cr, up 28.7% year on year. The operating margin was 17.0%.
Berger Paints (I)'s sales for the year to Mar 2026 were ₹11,834 Cr; over the last twelve months they were ₹12,219 Cr.
Net profit for the year to Mar 2026 was ₹1,130 Cr, and ₹1,220 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.40.
Berger Paints (I) reported borrowings of ₹636 Cr at Mar 2026, against cash and equivalents of ₹306 Cr.
Cash from operations was ₹1,537 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1,033 Cr.