Berger Paints India Limited , one of India's leading paint manufacturers, has reported a mixed set of financial results for the first quarter. The company saw a modest increase in revenue but experienced a decline in net profit, partly due to an exceptional loss from a fire incident.

Revenue Growth

Berger Paints reported consolidated revenue from operations of ₹3,200.76 crore, representing a 3.6% increase from ₹3,091.01 crore in the corresponding quarter of the previous year. This growth came despite challenges posed by an early onset of monsoon.

Profitability

The company's EBITDA (earnings before interest, taxes, depreciation, and amortization), excluding other income, showed a slight improvement. It rose by 1.1% to ₹528.40 crore, compared to ₹522.40 crore in the same quarter last year.

However, net profit for the quarter declined by 11% to ₹315.04 crore, down from ₹354.03 crore in the corresponding period of the previous year. This decrease was primarily attributed to an exceptional loss of ₹36.81 crore arising from a fire incident at the company's regional distribution center and warehouse facility in Barasat, West Bengal.

Key Performance Indicators

Berger Paints reported a volume-value gap of 3.6% for the quarter, an improvement from 7% in the last fiscal year. The company continued to gain market share and delivered value growth higher than listed industry players.

Segment Performance

The company registered robust growth in key focus segments including:

• Waterproofing
• Construction chemicals
• Wood coatings

The industrial segment's performance was led by the Automotive division, which showed healthy performance in both revenue growth and profitability.

Subsidiary and Joint Venture Performance

Several of Berger Paints' subsidiaries and joint ventures showed promising results:

• Berger Jenson & Nicholson (Nepal) Private Limited
• Berger Becker Coatings Private Limited
• Berger Rock Paints Private Limited
• Berger Nippon Paint Automotive Coatings Private Limited

These entities registered strong value and profit growth. However, some subsidiaries like STP Limited and SBL Specialty Coatings Private Limited reported flat growth.

Management Commentary

Abhijit Roy, Managing Director & CEO of Berger Paints India Limited, commented on the results: "This quarter saw sequential improvements in demand with month-on-month improvements being observed. The early onset of the monsoon played spoilsport this quarter. We were still able to deliver value growth higher than the listed industry players and continued to improve our market share."

He added, "Profitability for the quarter was healthy delivering improvements both on QoQ and YoY basis in spite of increased competitive intensity. The gradual and sequential improvement in domestic demand indicators and improving momentum in key markets are positive signs which were interrupted by the inclement weather but will recover in short order."

Outlook

While the company sees positive signs in domestic demand indicators and improving momentum in key markets, it also acknowledges potential risk factors. These include volatile geopolitical situations and uncertainty resulting from international tariff negotiations.

Berger Paints stated that it will continue its efforts of consistent thrust on innovation and brand distinctiveness to navigate future challenges and opportunities in the market.

The company's board meeting to approve these results was held on August 5, commencing at 12:30 p.m. and concluding at 2:30 p.m.

Note: All figures are in Indian Rupees (₹) and 1 crore = 10 million.

Berger Paints India Limited has announced the opening of a special window for re-lodgement of transfer requests for physical shares, following SEBI circular dated July 2, 2025. This move aims to address pending transfer requests that were lodged before the transition to mandatory dematerialization of shares.

Key Details of the Special Window

• Duration: The window will be open from July 7, 2025 to January 6, 2026.
• Eligibility: This facility is available for transfer deeds that were lodged prior to April 1, 2019, and were rejected or returned due to document deficiencies.
• Process: Shareholders can submit required documents to the company's Registrar and Transfer Agent, CB Management Services (P) Ltd.
• Outcome: All re-lodged shares will be processed through transfer-cum-demat mode and issued only in dematerialized form.

Important Points for Shareholders

1. Document Submission: Shareholders must ensure all necessary documents are provided to rectify previous deficiencies.
2. Demat Account Requirement: A valid demat account is necessary as shares will only be issued in dematerialized form.
3. Deadline: The company will not accept transfer requests submitted after January 6, 2026.

Implications for Investors

This special window provides an opportunity for investors holding physical shares to complete their pending transfer requests. It aligns with SEBI's broader initiative to shift towards a fully dematerialized trading environment, enhancing transparency and efficiency in share transactions.

Berger Paints' proactive approach in implementing this SEBI directive demonstrates its commitment to shareholder service and regulatory compliance. Eligible shareholders are encouraged to take advantage of this opportunity to resolve any outstanding physical share transfer issues.

For further information or assistance, shareholders can contact CB Management Services (P) Ltd., the Registrar and Transfer Agent for Berger Paints India Limited.