Q3 2026 Berger Paints India Ltd Earnings Call Transcript
Key Points
- Berger Paints India Ltd (BOM:509480) reported high single-digit volume growth, indicating strong demand for its products.
- The company achieved a year-on-year and quarter-on-quarter expansion of gross margin, supported by an improved product mix and stable raw material prices.
- The automotive segment delivered a steady quarterly performance, contributing positively to the company's overall results.
- The company continued its dealer network expansion, installing over 2,500 color bank machines and increasing its store presence to over 1,800 stores across India.
- Newly launched products, such as emulsion color plus and metallic enamel, performed well, indicating successful product innovation and market acceptance.
- Value growth was relatively muted at 0.4%, primarily due to a higher share of economy emulsions and price corrections in the economy emulsion segment.
- The protective coatings segment, including general industries, remained muted, impacting overall performance.
- Consolidated top-line growth was only 0.3%, with a bottom-line decline of 0.2%, reflecting challenges in achieving significant revenue growth.
- The company's market share saw a slight decline, attributed to increased competition and a low base effect for competitors.
- Geopolitical uncertainty, forex volatility, and evolving tariff dynamics pose potential risks to near to medium-term performance.
Hi. Good evening, everyone. This is Nitin Gupta from Emkay Global. I would like to welcome all to the Berger Paints India Limited Q3 FY26 result conference call. I thank Berger Paints management for allowing us to host.
We have with us today Mr. Abhijit Roy, Managing Director and CEO; Mr. Kaushik Ghosh, CFO; Mr. Sujyoti. Mukherjee, Vice President Finance and Accounts; and Sayantan Sarkar, GM, Finance and Accounts.
I shall now hand over the call to the management for the opening remarks post which, we will proceed with the Q&A session. Over to you, sir.
Thank you, Nitin. And good evening to all of you. With me today here is Kaushik and Sayantan is on the line in Kolkata.
Let me start with the presentation. We have just a quick highlights of the quarter three performance. High-single-digit volume growth while value growth remains muted. Extended monsoon spillover into
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