Berger Paints Q4 Results: Margin Expansion
Berger Paints Q4 results reported a 7.3% YoY revenue growth to Rs 2,704 crore in Q4 FY2025, outperforming Asian Paints’ 4.3% decline, as announced on May 15, 2025.
Volume growth reached 7.4%, driven by premium and luxury decorative paints, with market share hitting 20%.
Gross margins rose 90 bps due to lower raw material costs and product mix, while operating margins improved 190 bps, aided by optimal Sandila plant utilization.
The waterproofing segment saw double-digit growth, though the industrial segment lagged.
Despite competition from Grasim and JSW Paints, Berger’s 50,000 tinting machines and urban focus bolstered performance.
Trading at 45x FY27 earnings, the stock’s upside is limited, suggesting a wait for better entry points.
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