Berger Paints Shares Surged Over 3% After Release of Q3FY25 Earnings

On February 12, 2025, Berger Paints shares rose over 3%, reaching a day high of ₹492.90 at 09:20 AM, after opening at ₹476.05. The gain in Berger Paints shares followed the company’s announcement of its results for the quarter and the nine months ending December 31, 2024. For Q3FY25, the company reported a 3.2% increase in revenue from operations, amounting to ₹2,975.06 crores, compared to ₹2,881.83 crores in the same quarter of the previous year.

EBITDA (excluding Other Income) stood at ₹471.73 crores, down 1.7% from ₹480.04 crores in the same period last year.

Net profit for the quarter was ₹295.97 crores, slightly lower than ₹300.16 crores in Q3 of the previous year, reflecting a decline of 1.4%.

Berger Paints Q3FY25 Operational Highlights

• The Decorative segment recorded high single-digit volume growth, with both volume and value growth showing a sequential improvement.
• The Protective business performed strongly, continuing to gain market share, with the current market share exceeding 20%.
• Operating margins stayed within the guided range, with a sequential improvement.
• The company strengthened its Net Cash position by the end of the quarter.

Despite facing inflation and subdued consumer sentiment affecting discretionary spending, the company achieved high single-digit volume growth. The volume-value gap was influenced by price reductions in earlier quarters and stronger sales of high-volume, low-value products such as texture paints, tile adhesives, and admixtures. Meanwhile, premium exterior products performed well. Additionally, the Waterproofing and Construction Chemical segments posted strong double-digit growth, and the Protective & Infrastructure businesses continued their solid performance.

Management Take on Q3FY25 Earnings

On the international front, our operations in Poland and Nepal saw good topline performances with the Nepal operations seeing a turnaround on the back of improved business conditions and a low base. On the home front, we are happy to announce the completion of our iconic new corporate office in the shape of a can of pain! at New Town, Kolkata. The new office was inaugurated on the I ( Jh Feb ‘2025 and the occasion was graced by Dr. Shashi Panja, Cabinet Minister, Govt. of West Bengal. This new state-of-the-art facility reflects our commitment and confidence in the development and growth of the paints & coatings industry.

We thank our consumers, stakeholders and employees for their steady support and good wishes and pray for your continued support, blessing and encouragement in our journey of excellence, innovation and growth. We remain optimistic about the demand scenario for the months ahead on the back of favourable budget announcements, government spending on infrastructure & development and a good monsoon season. The weaning of the price decrease impact also augurs well for the months ahead. We look forward to introducing our customers and industry influencers to a slew of innovative products and services in the months ahead” said Abhijil Roy, Managing Director & CEO of Berger Paints India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.