Berger Paints India Limited reported strong quarterly and annual financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors at their meeting held on May 12, 2026. The standalone net profit for Q4 FY26 surged 38.1% year-on-year (YoY) to ₹327.3 crores, while consolidated net profit for the quarter rose 27.5% YoY to ₹335.3 crores. The Board also recommended a dividend of ₹4.00 (400%) per equity share of face value ₹1 each for FY26, subject to shareholder approval at the 102nd Annual General Meeting. The results were audited by statutory auditors B S R & Co. LLP, who issued an unmodified opinion under Regulation 33 of the SEBI Listing Regulations.

Q4 FY26 Performance Highlights

On a standalone basis, Berger Paints delivered volume growth of 11.8% during Q4 FY26 amidst challenging market conditions, achieving the highest Gross Margin (42.3%) and EBITDA Margin (18.3%) of the past 10 quarters. The following table summarises the key quarterly performance metrics:

Standalone Annual Financial Results (FY26)

For the full year ended March 31, 2026, the standalone revenue from operations grew 2.5% to ₹10,420.1 crores from ₹10,169.2 crores in the previous year. Standalone EBITDA (excluding other income) rose 0.7% to ₹1,686.6 crores, while standalone net profit increased 1.7% to ₹1,095.7 crores from ₹1,077.5 crores. The detailed standalone profit and loss figures are presented below:

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹8,946.20 crores (vs. ₹8,176.51 crores), with total equity of ₹6,342.90 crores. Net cash flows from operating activities for the year stood at ₹1,406.43 crores, up from ₹1,118.83 crores in the prior year.

Consolidated Annual Financial Results (FY26)

On a consolidated basis, revenue from operations for FY26 grew 2.9% to ₹11,880.3 crores from ₹11,544.7 crores. Consolidated EBITDA (excluding other income) declined 1.2% to ₹1,833.3 crores, while consolidated net profit fell 4.6% to ₹1,128.0 crores from ₹1,182.8 crores. The key consolidated annual figures are as follows:

Consolidated total assets stood at ₹10,057.26 crores as at March 31, 2026, compared to ₹9,131.64 crores in the prior year. Total equity on a consolidated basis was ₹6,929.90 crores. Net cash flows from operating activities were ₹1,540.04 crores for the year.

Exceptional Items and Key Developments

The financial results for FY26 include two exceptional items. First, following the Government of India's notification of four Labour Codes on November 21, 2025, the management assessed and disclosed the incremental financial impact as an exceptional item. Second, during the quarter ended June 30, 2025, a fire occurred at the company's warehouse in Barasat, West Bengal, with no casualties reported. The financial impact of inventory and fixed asset losses amounting to ₹36.81 crores was recognised as an exceptional item; however, as the company filed an insurance claim and is reasonably certain of recovery, the recorded loss was reversed during Q4 FY26. On a standalone basis, the net exceptional item for FY26 amounted to ₹49.99 crores, while on a consolidated basis it was ₹53.29 crores.

The Board also approved the re-appointment of Abhijit Roy (DIN: 03439064) as Managing Director & CEO for a further period of four years with effect from July 1, 2027 to June 30, 2031, post completion of his present term.

Management Commentary

Commenting on the results, Abhijit Roy, Managing Director & CEO of Berger Paints India Limited, said: "The progressive demand improvement seen in the previous quarter continued into the 4th quarter which enabled the achievement of a healthy volume growth of 11.8% for the quarter. This growth was supported by a qualitative improvement in mix and softening of raw material prices resulting in a 10-quarter high Gross Margin and Operating Profit Margin. We continued to register healthy and robust growth in our key focus segments of waterproofing, construction chemicals and wood coatings. The positive market response to our new launch 'Kolor Plus' in the premium emulsion segment is very heartening. The calibrated price increases of over 11% initiated in a staggered manner from end March'26 is expected to support the Gross Margin amid rising raw material cost. Forex volatility and geopolitical uncertainty continue to pose near-term margin risks on both supply disruptions and raw material inflation. At Berger Paints our efforts will remain focused on network expansion, product & service innovation and brand building aimed at improving value for our investors and stakeholders."

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Investor Presentation on financial results made on May 12, 2026, can be accessed on the company's website.

Berger Paints has informed the stock exchanges of a change in its Registrar and Transfer Agent (RTA), following the amalgamation of CB Management Services Private Limited with MUFG Intime India Private Limited. The merger became effective from May 8, 2026, pursuant to an order passed by the Regional Director (WR), Registrar of Companies, Mumbai. As a result, the company's RTA now stands changed to MUFG Intime India Private Limited, bearing SEBI Registration No. INR000004058.

Key Details of the RTA Change

The following table outlines the key changes regarding the Registrar and Transfer Agent:

Background of the Amalgamation

The amalgamation was carried out under Section 233 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The scheme was confirmed by the Regional Director (WR) with an appointed date of April 1, 2025, and an effective date of May 8, 2026. CB Management Services Private Limited, the transferor company, was a wholly-owned subsidiary of MUFG Intime India Private Limited, the transferee company. Since the merger involved a wholly-owned subsidiary and its holding company, no new equity shares were issued pursuant to the scheme.

Impact on Shareholders and Investors

Berger Paints has clarified that there is no change in the services rendered to shareholders and investors, and all RTA activities will continue seamlessly under the new name. The updated information has been made available on the company's website. Shareholders and investors have been requested to take note of the change in RTA name and the new contact details for investor queries.