Financial Results for the quarter and year ended 31st March 2025
Q4 Performance Highlights
- High single digit volume growth in decorative segment. Sequential upstick in value growth.
- Industrial business had a good performance in the quarter.
- Decorative market share improvement sustained in Q4 in spite of increased competition.
- Operating margin increased by a robust 19.8% on the back of improved gross margin and disciplined cost management – highest gross margin in the past 12 quarters.
Highlights of the consolidated quarterly results:
- Revenue from Operations for the quarter ended 31st March, 2025 was Rs. 2704.0 crores as against Rs. 2520.3 crores in the corresponding quarter of the last financial year, representing an increase of 7.3% over the corresponding period of last financial year.
- EBITDA (excluding Other Income) for the quarter ended 31st March, 2025 was Rs. 427.8 crores against Rs. 350.9 crores in the corresponding quarter of the last financial year, representing an increase of 21.9% over the corresponding period of last financial year.
- Net Profit for the quarter ended 31st March, 2025 was Rs. 262.9 crores as against Rs. 222.6 crores in the corresponding quarter of the last financial year, representing an increase of 18.1% over the corresponding period of last financial year.
Highlights of the Standalone Quarterly Results:
- Revenue from Operations for the quarter ended 31st March, 2025 was Rs. 2347.5 crores as against Rs. 2249.1 crores in the corresponding quarter of the last financial year, representing an increase of 4.4% over the corresponding period of last financial year.
- EBITDA (excluding Other Income) for the quarter ended 31st March, 2025 was Rs. 389.5 crores against Rs. 325.1 crores in the corresponding quarter of the last financial year, representing an increase of 19.8% over the corresponding period of last financial year.
- Net Profit for the quarter ended 31st March, 2025 was Rs. 236.9 crores as against Rs. 181.6 crores in the corresponding quarter of the last financial year, representing an increase of 30.5% over the corresponding period of last financial year.
Highlights of the Consolidated Yearly Results:
- Revenue from Operations for the year ended 31st March, 2025 was Rs. 11544.7 crores as against Rs. 11198.9 crores in the corresponding financial year, representing an increase of 3.1 % over the corresponding period of last financial year.
- EBITDA (excluding Other Income) for the year ended 31st March, 2025 was Rs. 1856.1 crores as against Rs. 1861.3 crores in the corresponding financial year, representing a decrease of 0.3% over the corresponding period of last financial year.
- Net Profit for the year ended 31st March, 2025 was Rs. 1182.8 crores as against Rs. 1169.8 crores in the corresponding last financial year, representing an increase of 1.1% over the corresponding period of last financial year.
Highlights of the Standalone Yearly Results:
- Revenue from Operations for the year ended 31st March, 2025 was Rs. 10169.2 crores as against Rs. 10002.9 crores in the corresponding financial year, representing an increase of 1.7 % over the corresponding period of last financial year.
- EBITDA (excluding Other Income) for the year ended 31st March, 2025 was Rs. 1674.1 crores as against Rs. 1671.7 crores in the corresponding last financial year, representing an increase of 0.1 % over the corresponding period of last financial year.
- Net Profit for the year ended 31st March, 2025 was Rs. 1077.5 crores as against Rs. 1015.1 crores in the corresponding last financial year, representing an increase of 6.2% over the corresponding period of last financial year.
“The tough market conditions continued into the fourth quarter with muted urban demand and increased competition intensity. In spite of this we were able to deliver high single digit volume growth, with sequential improvement in value performance with reduced gap between volume value growth gap supported by easing impact of Q4FY24 price reductions and momentum in the premium emulsion category. The visible improvement in the industrial and decorative segments were good indicators of a demand improvement cycle.
Operating margin remained within the guided range, aided by improved gross margin and disciplined cost management. Q4FY25 saw the Company achieve the highest gross margin % in the past 12 quarters. EBIDTA for the quarter saw a strong improvement and we are happy to report that we are currently at zero gross debt and have further improved our net cash position at the end of the quarter.
We continue to register robust growth in the waterproofing, construction chemicals and wood coating segments. The industrial segment also saw resilient performance, which bodes well for us in the months ahead,
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.
We remain optimistic about the demand scenario for the months ahead on the back of the favorable budget announcements, Government spending on infrastructure and development and a good monsoon season. The strained geopolitical conditions in the immediate neighborhood seems to have stabilized which hopefully will continue.
As always, Berger Paints India Limited in focused on living up to the legacy of trust and innovation and we continue to introduce our customers and industry influencers to a slew of innovative products and services as we progress. Our latest launches in the form of Roof Kool & Seal and Tank Kool have seen enthusiastic acceptance in the market and we hope to see similar reception to the remaining launches scheduled for the upcoming season”, said Mr. Abhijit Roy, Managing Director & CEO, Berger Paints India Limited