Berger Paints has announced its expectation of achieving double-digit volume growth in the upcoming fiscal years FY26 and FY27. This projection indicates the company's optimistic outlook for business expansion and market performance in the paint and coatings sector.

Growth Projections

The company's management has expressed confidence in delivering substantial volume growth over the next two fiscal years. This expectation suggests strong underlying business fundamentals and market positioning.

Market Outlook

The projected double-digit volume growth for both FY26 and FY27 reflects Berger Paints' strategic planning and market assessment. This growth expectation spans across two consecutive fiscal years, indicating sustained business momentum anticipated by the company's leadership.

The announcement was made during an interaction with ET Now, highlighting the company's communication with market participants regarding its future performance expectations.

Berger Paints India Limited officially announced its Q3FY26 quarterly results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 5, 2026, showcasing mixed performance with strong volume growth offset by margin pressures.

Quarterly Financial Performance

The company's standalone operations demonstrated resilience with volume-driven growth despite muted value performance during the quarter.

The company achieved the highest gross margin in 15 quarters at 41.20%, while total income reached Rs. 2,700.73 crores compared to Rs. 2,653.80 crores in the previous year. The value-volume gap was driven by mix shift towards higher share of economy emulsions, textures, and tile adhesives.

Consolidated Results Overview

Consolidated performance showed similar trends with marginal revenue growth and profit decline across operations.

For the nine-month period, consolidated revenue from operations increased 1.90% to Rs. 9,012.22 crores, while net profit declined 13.80% to Rs. 792.77 crores.

Exceptional Items and Regulatory Impact

The company reported exceptional items totaling Rs. 49.99 crores in Q3FY26, primarily related to regulatory changes and operational incidents.

On November 21, 2025, the Government of India notified four new Labour Codes consolidating twenty-nine existing labour laws. The company recognized the impact of increased employee benefits obligations arising from this implementation.

Business Segment Performance and Market Outlook

Despite challenging market conditions, the company continued network expansion and product innovation initiatives during the quarter.

Managing Director & CEO Abhijit Roy commented on the results, noting that extended monsoons into October and shortened festive season led to negative October performance, followed by progressive demand improvement enabling 8.5% volume growth for the quarter. The company expects improvements to coalesce over the coming months with gradual improvement in domestic demand indicators.

ESG Excellence and Corporate Governance

The company achieved significant milestones in environmental, social, and governance parameters during the quarter.

The Board meeting for result approval commenced at 2:00 PM and concluded at 3:30 PM on February 5, 2026, with all regulatory filings submitted to BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.