Berger Paints files BRSR for FY26, reports revenue growth
Berger Paints India Limited filed its Business Responsibility and Sustainability Report for FY26, reporting a 2.9% rise in consolidated revenue to ₹11,880.25 crore. The company maintained a net cash-positive position and improved emission intensity, while spending ₹26.05 crore on CSR initiatives.

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Berger Paints India Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, reporting consolidated revenue from operations of ₹11,880.25 crore, a year-on-year growth of 2.9%. The company recorded a volume growth of 7.7% and maintained a net cash-positive position with a surplus of ₹1,198 crore. The report, which forms part of the Integrated Annual Report, outlines the company's environmental, social, and governance performance for the period ending 31 March 2026.
Financial Performance
Berger Paints reported a standalone revenue of ₹10,420.1 crore for FY 2025-26, an increase of 2.5% over the previous year. The company improved its debt-to-equity ratio to 0.09 from 0.11 and increased capital expenditure by ₹89 crore to ₹518 crore. Return on Equity stood at 17.23% on a consolidated basis, with free cash flow rising to ₹1,022 crore. The board has recommended a dividend of ₹4 per equity share.
| Metric: | Consolidated FY 2025-26 | Consolidated FY 2024-25 | Standalone FY 2025-26 | Standalone FY 2024-25 |
|---|---|---|---|---|
| Revenue from Operations (₹ Crore): | 11,880.25 | 11,544.71 | 10,420.1 | 10,169.2 |
| Net Profit (₹ Crore): | 1,128.02 | 1,182.81 | 1,095.7 | 1,077.5 |
| EPS – Basic (₹): | 9.67 | 10.13 | 9.40 | 9.24 |
Environmental Performance
The BRSR details the company's environmental impact, with Total Scope 1 emissions at 8,785 tCO2e and Total Scope 2 emissions at 34,147 tCO2e. Emission intensity improved to 0.41 tCO2e/Mln INR from 0.42 in the previous year. More than 60% of the company's units have implemented Zero Liquid Discharge (ZLD) systems. Water intensity stood at 3.84 KL/Mln INR, and total waste generated was 10,951 metric tonnes, of which 1,048 metric tonnes were recovered.
| Financial Metric: | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Total Scope 1 Emissions (tCO2e): | 8,785 | 8,912 |
| Total Scope 2 Emissions (tCO2e): | 34,147 | 34,120 |
| Emission Intensity (tCO2e/Mln INR): | 0.41 | 0.42 |
| Water Intensity (KL/Mln INR): | 3.84 | 3.85 |
| Total Waste Generated (MT): | 10,951 | 11,035 |
| Waste Recovered (MT): | 1,048 | 934 |
Social and Governance Metrics
The company reported a workforce of 9,119 employees and 5,534 workers as of 31 March 2026. Gross wages paid to females constituted 1.88% of total wages. During the year, two complaints were received under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013; both were upheld and resolved with necessary action taken. The company spent ₹26.05 crore on CSR activities, exceeding its obligation of ₹25.83 crore. The ESG committee, headed by Mr. Anoop Hoon, oversees sustainability initiatives.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE463A01038/09bac6cbec134c4d.pdf
Historical Stock Returns for Berger Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.65% | +4.87% | +13.56% | +22.09% | +2.51% | -17.92% |
How will Berger Paints utilize its net cash surplus of ₹1,198 crore to drive future growth or acquisitions?
What specific sustainability targets has the company set to further reduce Scope 2 emissions given the marginal decrease this year?
Will the increased capital expenditure of ₹518 crore significantly enhance production capacity to support higher volume growth?


































