Berger Paints India · forward-looking guidance across the available source record.
Guidance tracker
Volume growth in Q2 estimated at 7.5-8% with full-quarter price increase impact of 7.5-8.5%, compared to 5% time-weighted impact in Q1. Full impact of delayed industrial price increases will flow through.
Operating profit margin expected to be better in Q2 on YoY basis driven by operating leverage from higher value sales and improved product mix with more exterior paint sales due to favorable monsoon versus last year.
Management expects to sustain double-digit revenue growth for full year FY27, supported by festive season demand, distribution expansion, and price increases flowing through.
Capital expenditure guidance of Rs 600-800 crore for the year, with Panagar factory expected to come online by fiscal year-end. Second factory in Odisha near Bhubaneswar also planned.
Management expects volume growth to improve to double digits (12-13%) in FY27, with value growth lagging by 4-5%.
Operating margins are expected to stay within the guided band of 15-17%, with gross margins sustained as a key objective.
Planned investment of about 1,800-2,000 crore for new factories at Panagar and Odisha, funded by internal accruals.
Management has taken three price increases in Q1 and a fourth on May 15, totaling ~12% to offset raw material inflation.
Volume growth expected to be similar to FY26, with value growth significantly higher due to price hikes.
Management reiterated the 15-17% EBITDA margin range on a 12-month basis, with potential to exceed temporarily.
After election-related disruption, Nepal has seen robust double-digit growth in recent months and is expected to recover.