Berger Paints misses Q2 profit estimates as raw material inflation squeezes margins
Berger Paints moved higher in a quarterly results development.
· LiveMint Companies
Berger Paints’ September-quarter profit rose 5% to ₹216.88 crore, missing analyst estimates as raw-material costs surged faster than prices. Revenue grew 13.2%, while gross margins narrowed.
The analysis
Berger Paints reported ₹216.88 crore, with movement of 5% and 13.2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +4.1% on the day at ₹505.00, and has returned -7.4% over three months. It sits 14% below its 52-week high. The paints & building materials sector has moved -9.5% over the same period, so Berger Paints is running 2.1 points ahead of its peers.
For Berger Paints, the question is how much of this is already reflected in the price and how much re-rates the paints & building materials peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Market context
- In focus: Berger Paints (BERGEPAINT), in Paints & Building Materials.
- Over three months: Berger Paints -7.4% against Paints & Building Materials -9.5% (2.1 points ahead).
- Trading well above normal today: Berger Paints at 5.4 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Berger PaintsBERGEPAINT · Paints & Building Materials | ₹505.00 | +4.1% | +10.2% | -7.4% | -14.4% | 5.4× | — |
Paints & Building Materials
1M +1.4% · 3M -9.5%
Berger Paints
Prices as of 5 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 Results Live Updates: LG Electronics, Bharti Airtel, Abbott India, Astral, Bharat Forge, Berger Paints, Emami, Fortis Healthcare Earnings In Focus
M&M Q2 consolidated PAT surges on strong SUV demand, beats Maruti and Hyundai
Cummins India Q2 results: Net profit falls 27% to ₹467 cr, sales rise 4%
Orkla India’s revenue rises 19.4% in Q2, but volume growth remains subdued
Emcure Pharma shares jump 7% after Q2 profit rises 29% YoY to Rs 325 crore