Berger Paints Share Price and Berger Paints Q2 Results: Profit Up 5.2% to Rs 217.1 Crore on 13.2% Revenue Growth, Why the Margin Slipped, and What Volume and Margin Recovery Would Need

The Berger Paints share price is in focus as the company hopes volume and margin recover after a pale second quarter, and the Berger Paints Q2 results show why. Consolidated revenue rose 13.2% to Rs 3,200.4 crore, but net profit rose only 5.2% to Rs 217.1 crore, and standalone profit fell 7.3%. This note sets out the numbers, the margin arithmetic, what management said, and what the sources do not tell us, including the Q2 volume growth.

The results were announced on Thursday 5 November 2026. Prices are time-stamped to market reports and may differ from the live quote on NSE or BSE. I could not find an 11 November price for the stock.

Click Here – Get Free Investment Predictions

Berger Paints Q2 FY27 Results: The Numbers

Metric	Q2 FY27	Q2 FY26 and change
Berger Paints share price: consolidated revenue	Rs 3,200.4 crore	Rs 2,827 crore; up 13.2%
Berger Paints share price: EBITDA excluding other income	Rs 370.7 crore	Up 5.2%, about Rs 352 crore a year ago
Berger Paints share price: consolidated net profit	Rs 217.1 crore	Rs 206.4 crore; up 5.2%
Berger Paints share price: standalone revenue	Rs 2,750.1 crore	Up 11.9%
Berger Paints share price: standalone net profit	Rs 163.3 crore	Rs 176.3 crore; down 7.3%
Berger Paints share price: profit before tax	About Rs 285 crore	Rs 274.61 crore; up 4%
Berger Paints share price: EPS	Rs 1.86	Rs 1.77; up about 5%

In the Berger Paints Q2 results, revenue grew about 2.5 times as fast as profit. Standalone profit fell even though standalone revenue rose, so the weaker margin shows up in the core paint business and was cushioned in the group by industrial, construction chemical and international operations. Berger said market share was stable at the end of the quarter.

Compare paint and consumer stocks on the Univest Screener

Berger Paints EBITDA Margin: Where the Pressure Sits

Measure	Figure	Note
Berger Paints share price: Q2 FY27 EBITDA margin	About 11.58%	Rs 370.7 crore on Rs 3,200.4 crore (my arithmetic)
Berger Paints share price: Q2 FY26 EBITDA margin	About 12.5%	About Rs 352 crore on Rs 2,827 crore (my arithmetic)
Berger Paints share price: change	About 89 basis points lower	My arithmetic
Berger Paints share price: Q1 FY27 margin	About 16.95%	MarketsMojo; Q2 is a seasonally soft quarter
Berger Paints share price: Q1 FY27 profit	Rs 405 crore on Rs 3,584 crore revenue	Up 28.6%; Q2 profit is about 46% lower than Q1
Berger Paints Q2 results: first-half profit	Rs 622.1 crore	Up 19.3%; first-half revenue Rs 6,784.1 crore, up 12.5%

The Berger Paints Q2 results show a drop from 16.95% in Q1 to 11.58% in Q2, which is large, though management called Q2 a seasonally soft quarter. The CEO, Abhijit Roy, said there are no signs of easing in raw material inflation, and the company listed forex volatility, geopolitical uncertainty and input supply and price disruption as risks to margins. I do not know how much of the Q1 profit was one-off, and the sources do not say.

Download the Univest iOS App or Univest Android App to get results alerts and stock news on your phone.

Berger Paints Share Price: What the Market Did

Date and point	Price	Note
Berger Paints Q2 results: 4 November close (implied)	Rs 484.50	Previous close quoted by BusinessToday
Berger Paints Q2 results: 5 November close	Rs 510.20	Day of the results
Berger Paints share price: 5 November move	Reported as 2%, over 4% and 5.3%	The three reports differ; Rs 510.20 on Rs 484.50 is 5.3% (my arithmetic)
Berger Paints Q2 results: 17 September snapshot	Rs 448.15	Univest data page
Berger Paints Q2 results: 11 November	Not available	No reliable quote found

The three reports of the Berger Paints share price move on 5 November cannot all be right, so use the exchange for the exact figure. A Berger Paints share price rise on results day despite a pale profit growth suggests the market had expected worse or liked the revenue, but that is my reading and not a stated reason. Peers such as Asian Paints have their own volume and margin trends, so compare each filing and not only the headlines.

What Volume and Margin Recovery Would Need

Question	What I could and could not find
Berger Paints Q2 results: Q2 FY27 volume growth	Not found in the sources I read
Berger Paints Q2 results: Q2 FY26 base	Volume up 8.8% and value up only 1.1%, so a soft base for value growth
Berger Paints Q2 results: price hikes	Management had cited staggered hikes of up to 12% to 13% on the Q1 call, per a data site
Berger Paints Q2 results: raw material trend	No easing, per the CEO
Berger Paints Q2 results: competition	Aggressive pricing by newer entrants was cited by a brokerage in May 2026

In the Berger Paints Q2 results, on a low base, revenue growth of 13.2% may owe a lot to price increases, though the company has not split price and volume in the sources I could read. Margin recovery needs either lower input costs or enough pricing to absorb them, and the CEO says costs are not easing. The Q2 volume figure and the Q3 outlook are the two items to read in the call transcript.

Checklist and Risks

Investor situation	Questions to consider
Berger Paints Q2 results: existing holder	Is one soft quarter a pause or a sign that margins have reset lower?
Berger Paints Q2 results: new investor	Have I read the volume and margin commentary and not only the profit headline?
Berger Paints Q2 results: short-term trader	Can I handle a swing on the next input cost or demand update?
Berger Paints Q2 results: long-term investor	Do competition and raw material swings fit my time horizon?

After the Berger Paints Q2 results, the main risks are persistent input cost inflation, competitive pricing, a weak festive or rural demand pattern, forex and geopolitical shocks, and the chance that the Q1 profit base was flattered. A recovery in margin is not assured.

Conclusion

The Berger Paints Q2 results showed revenue up 13.2% to Rs 3,200.4 crore and profit up 5.2% to Rs 217.1 crore, with the EBITDA margin near 11.58%. Management sees no easing in raw material costs, and the Q2 volume figure is not in the sources I read. Read the filing and consult a SEBI-registered adviser before acting.

Frequently Asked Questions on Berger Paints Share Price and Q2 Results

What were the Berger Paints Q2 FY27 results?

Ans. Consolidated revenue rose 13.2% to Rs 3,200.4 crore, EBITDA excluding other income rose 5.2% to Rs 370.7 crore, and net profit rose 5.2% to Rs 217.1 crore. Standalone profit fell 7.3% to Rs 163.3 crore.

Why is the Q2 called pale?

Ans. Profit grew only 5.2% against revenue growth of 13.2%, standalone profit fell, and the EBITDA margin was about 11.58% against about 12.5% a year ago, by my arithmetic. Q2 is also a seasonally soft quarter.

What is the Berger Paints share price now?

Ans. I could not find a reliable 11 November quote. The stock closed near Rs 510.20 on 5 November, the day of the results, per BusinessToday. Check the exchange for the live price.

What was the Berger Paints volume growth in Q2?

Ans. It was not in the sources I could read. The year-ago Q2 had volume growth of 8.8% and value growth of 1.1%. The call transcript or investor presentation will carry the Q2 FY27 figure.

Why did Berger Paints margins fall?

Ans. The CEO said raw material inflation shows no sign of easing, and the company listed forex, geopolitical and supply risks. My arithmetic puts the margin about 89 basis points below a year ago.

How did Berger Paints do in the first half of FY27?

Ans. First-half consolidated profit rose 19.3% to Rs 622.1 crore and revenue rose 12.5% to Rs 6,784.1 crore. Q1 profit was Rs 405 crore, so the first half leans on a strong Q1.

Which businesses helped the group in Q2?

Ans. Berger said industrial, construction chemical and international businesses supported operating profit in a seasonally soft quarter, and that market share was stable.

Should I buy Berger Paints shares?

Ans. Univest does not recommend any security. Margins, volumes and competition all matter, so read the filing and call transcript and consult a SEBI-registered adviser.