Q1 FY27: India’s Paint Majors Stay Strong Despite West Asia Turmoil
Profit surges, segmental strength and steady demand keep Asian Paints and Berger resilient despite West Asia headwinds
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Asian Paints delivered a Q1 FY27 with a 40 per cent profit surge and 18 per cent revenue growth, while Berger Paints posted a steady 21per cent profit rise and 12 per cent revenue growth. Amid geopolitical tensions, both companies’ growth drivers were different segments. Asian Paints’ decorative and industrial coatings powered growth, while Berger leaned on decorative paints, auto coatings, and premium launches.
For Asian Paints Decorative paints remained the backbone, with calibrated price hikes offsetting raw material inflation. Industrial coatings sustained mid-teen growth, complementing decorative. International markets such as Egypt, UAE, Oman, Nepal, Bangladesh contributed a strong 27 per cent growth.
“We started FY27 on a good note, building on the momentum of the previous quarter and delivering a strong performance across businesses. Decorative business grew at a healthy volume growth of 9 per cent, supported by calibrated pricing actions, translating into a robust value growth of 16.6 per cent. Industrial coatings sustained its mid-teen growth trajectory, growing by more than 16 per cent in value,” said Amit Syngle, MD & CEO of Asian Paints Limited.
Amidst an environment that remained uncertain, the performance reflects the company’s innovation-led strategy, deeper consumer connect and continued strengthening of service propositions in the market.
Berger Paints’ Decorative paints and auto coatings were the standout performers. Waterproofing, construction chemicals, and wood coatings added resilience, while premium launches and network expansion in underpenetrated urban markets gave incremental momentum. Industrial coatings expected to show stronger gains in Q2 due to recent price hikes.
“The progressive demand improvement seen in the previous quarter continued into the 1st quarter of the year which enabled the achievement of a Standalone value growth of 12.7 per cent for the quarter. The value growth outpaced volume growth on the back of the price increases with the full benefit to accrue going forward. Our performance this quarter was driven by strong growths both in Automotive and Decorative segments,” said Abhijit Roy, MD and CEO, Berger Paints India Limited.
“Forex volatility, geopolitical uncertainty continue to pose near-term margin risks on both supply disruptions and raw material inflation,” he added.
Both companies flagged crude-linked volatility as a continuing margin challenge, with input costs staying elevated due to geopolitical tensions in West Asia. Asian Paints anticipates sustained growth across its diverse businesses, while Berger Paints is counting on monsoon-driven demand recovery and stronger traction from premium offerings.
Asian Paints delivered a Q1 FY27 with a 40 per cent profit surge and 18 per cent revenue growth, while Berger Paints posted a steady 21per cent profit rise and 12 per cent revenue growth. Amid geopolitical tensions, both companies’ growth drivers were different segments. Asian Paints’ decorative and industrial coatings powered growth, while Berger leaned on decorative paints, auto coatings, and premium launches.
For Asian Paints Decorative paints remained the backbone, with calibrated price hikes offsetting raw material inflation. Industrial coatings sustained mid-teen growth, complementing decorative. International markets such as Egypt, UAE, Oman, Nepal, Bangladesh contributed a strong 27 per cent growth.
“We started FY27 on a good note, building on the momentum of the previous quarter and delivering a strong performance across businesses. Decorative business grew at a healthy volume growth of 9 per cent, supported by calibrated pricing actions, translating into a robust value growth of 16.6 per cent. Industrial coatings sustained its mid-teen growth trajectory, growing by more than 16 per cent in value,” said Amit Syngle, MD & CEO of Asian Paints Limited.
