Analysts/Institutional Investor Meet/Con. Call Updates

6th August, 2026 STOCK. EXG/ AG/ 2026-27 The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock Exchange BSE Limited, India Limited Ltd. 1st Floor, Exchange Plaza, 5th Floor, 7 Lyons Range, Phiroze Jeejeebhoy Towers, Plot No.-C/1, ‘G’ Block, Kolkata-700001 Dalal Street, Bandra- Kurla Complex, Mumbai - 400001 Bandra (E) Mumbai – 400051 Scrip Code : 509480 Scrip Code: BERGEPAINT S c r i p Code : 12529 Sub: Transcript of the earnings conference call for the quarter ended 30th June, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call for the quarter ended 30th June, 2026 conducted after the meeting of Board of Directors held on 5th August, 2026 for your information and records. This has been uploaded on the Company website also and can be accessed through the link: https://www.bergerpaints.com/investors/download . Yours faithfully, For BERGER PAINTS INDIA LIMITED ARUNITO GANGULY VICE PRESIDENT & COMPANY SECRETARY BERGER PAINTS INDIA LIMITED (CIN: L51434WB1923PLC004793) Registered. Office: Berger House, 129 Park Street, Kolkata – 700017, Corporate Office: Plot No. CF-4, Action Area IC, New Town, Kolkata 700156, Telephone : 91477 20400 E mail: consumerfeedback@bergerindia.com, Website : www. bergerpaints.com “Berger Paints India Limited Q1 FY27 Results Conference Call” August 05, 2026 MANAGEMENT: MR. ABHIJIT ROY – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – BERGER PAINTS INDIA LIMITED MR. KAUSHIK GHOSH – CHIEF FINANCIAL OFFICER – BERGER PAINTS INDIA LIMITED MR SAYANTAN SARKAR- GENERAL MANAGER- FINANCE & ACCOUNTS– BERGER PAINTS INDIA LIMITED MODERATOR: MR RAJESH KUMAR – EMKAY GLOBAL FINANCIAL SERVICES 00:07:58.060 --> 00:08:17.750 Mohit Dodeja: Hi, good evening, everyone. This is Mohit Dodeja from Emkay Global. I would like to welcome all to the Berger Paints India Limited 1Q FY27 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, 00:08:18.200 --> 00:08:28.660 Mohit Dodeja: Mr. 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. 00:08:29.460 --> 00:08:31.900 Abhijit Roy: Thank you, Mehta, and good evening, all of you. 00:08:32.100 --> 00:08:39.340 Abhijit Roy: Let me start with the presentation first. This is the first quarter result. 00:08:40.510 --> 00:08:42.820 Abhijit Roy: Why is this not moving forward now? 00:08:44.310 --> 00:08:46.800 Abhijit Roy: Okay, the volume growth… 00:08:46.920 --> 00:08:51.889 Abhijit Roy: That was there, in the standalone results. It was in high single digits. 00:08:52.290 --> 00:08:57.080 Abhijit Roy: Value growth, as you have seen already, is at 12.7%. 00:08:57.470 --> 00:09:05.390 Abhijit Roy: decorative business… Outperformed, with nearly 13.5% value growth. 00:09:05.850 --> 00:09:10.389 Abhijit Roy: And nearly 20% in terms of operating profit growth. 00:09:10.920 --> 00:09:16.979 Abhijit Roy: The protective GI and powder coatings divisions recorded relatively lower growth. 00:09:17.160 --> 00:09:23.999 Abhijit Roy: Largely due to the fact that, you know, the price increases were taken more towards the end of the quarter. 00:09:24.280 --> 00:09:33.149 Abhijit Roy: after protracted, you know, battle in the field, and then it will come through more in the second quarter. The decorative performance 00:09:33.330 --> 00:09:38.109 Abhijit Roy: Was supported by calibrated price increases implemented through the quarter. 00:09:38.790 --> 00:09:47.149 Abhijit Roy: Gross margin moderated marginally, primarily due to delayed and partial pass-through of input cost increases in industrial business. 00:09:47.360 --> 00:09:52.740 Abhijit Roy: In decorative, the full price increases were e(cid:431)ective only for part of the quarter. 00:09:53.280 --> 00:09:58.439 Abhijit Roy: Decorative business delivered nearly 20% growth in operating profit. 00:09:58.640 --> 00:10:04.599 Abhijit Roy: And the consolidated PBDIT margin expanded by 40 basis points year on year. 00:10:04.950 --> 00:10:11.069 Abhijit Roy: Standalone and consolidated PAT increased by 26% and 29%, respectively. 00:10:12.960 --> 00:10:24.579 Abhijit Roy: If we look at the figures, volume, about 8.4, as I said, income from operations, 12.7, PBDIT IT growth, 12.6, and PAT growth, 25.5. 00:10:25.090 --> 00:10:28.500 Abhijit Roy: HomeShield and wood coatings delivered strong growth. 00:10:28.780 --> 00:10:36.489 Abhijit Roy: Exterior emulsants did well, while the newly launched Color Plus interior emulsion gained strong traction in the premium segment. 00:10:36.880 --> 00:10:41.270 Abhijit Roy: Automotive Coatings reported healthy double-digit value growth. 00:10:41.630 --> 00:10:49.350 Abhijit Roy: And protective GI and powder, as I mentioned, the growth rates were relatively lower due to delayed price increases in these categories. 00:10:50.900 --> 00:10:56.410 Abhijit Roy: Gross margin comparison, more or less in that band of 39 to 42. 00:10:56.650 --> 00:10:59.510 Abhijit Roy: And this time, it was at 39.3. 00:10:59.740 --> 00:11:10.210 Abhijit Roy: It could have been higher, but largely due to the industrial business lines, as we said, you know, the increases were more towards the end of the quarter, and… 00:11:10.360 --> 00:11:17.380 Abhijit Roy: Not full increases have been received there. Some of it is happening in July, some will happen furthermore in August. 00:11:17.720 --> 00:11:26.579 Abhijit Roy: So, it is always a little bit delayed in the industrial segment, which is why the gross margin is at that level. 00:11:27.110 --> 00:11:33.920 Abhijit Roy: Operating profit margin, however, was a strong 17.4%. 00:11:34.130 --> 00:11:46.150 Abhijit Roy: In that range, which we have always indicated of 15 to 17, typically in a quarter one, it goes higher because of the higher value sales. 00:11:46.200 --> 00:11:57.959 Abhijit Roy: So, the operating margin tends to be, you know, slightly higher in the first quarter. That is true in every year. If you look at quarter one, financial year 25 or 26, 00:11:58.200 --> 00:12:02.789 Abhijit Roy: At 27 also at similar levels. So that's how it is. 00:12:03.030 --> 00:12:09.730 Abhijit Roy: And it sustained at those levels, even though there was a little slippage, as we saw, in the gross margin. 00:12:10.340 --> 00:12:21.540 Abhijit Roy: Standalone, we grew at 12.7, PBDIT IT at 12.6, and Pat at 25.5%. 00:12:22.480 --> 00:12:35.049 Abhijit Roy: The decorative business line, highest growth in the last 12 quarters, with Deco delivering 13.5% value growth, nearly 20% operating profit growth, with margin expansion. 00:12:35.350 --> 00:12:42.629 Abhijit Roy: Exterior emulsions outperformed, while Color Plus continued to gain strong traction in the premium interior emulsion segment. 00:12:43.260 --> 00:12:48.029 Abhijit Roy: Construction chemicals and waterproofing delivered robust volume and value growth. 00:12:48.230 --> 00:12:51.429 Abhijit Roy: Roof pool and seal continue to gain momentum. 00:12:51.580 --> 00:12:55.239 Abhijit Roy: Wood coatings reported strong double-digit volume growth. 00:12:55.570 --> 00:13:02.369 Abhijit Roy: Store footprint expanded, taking the total count to 1,900 plus stores as on date. 00:13:02.590 --> 00:13:07.540 Abhijit Roy: With, urban stores alone, around 900 plus, and growing. 00:13:08.040 --> 00:13:13.760 Abhijit Roy: Tinting machine installations crossed 2,100 plus for the quarter. 00:13:14.210 --> 00:13:25.950 Abhijit Roy: Because of the price increase, there was a lot more attention there in terms of sales. Otherwise, we could have done even better, but this is a good number in the first quarter. 00:13:26.720 --> 00:13:33.439 Abhijit Roy: In Luxol [Showing first 8,000 characters — download PDF for full document]