Berger Paints Shares Surge 9% Following Strong Q4 Results and Positive Analyst Outlook
Berger Paints jumps 9% on Q4 show; analysts see recovery-led gains in FY27
Business Standard
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Shares of Berger Paints India rose by 9.21% to ₹532.75 after announcing a 27.5% increase in consolidated profit for Q4 FY26. Analysts predict a recovery in the paint industry in FY27, with target prices set at ₹550 and ₹577 by ICICI Securities and Equirus Securities, respectively.
- 01Berger Paints' Q4 FY26 profit rose by 27.5% year-on-year to ₹335.25 crore.
- 02Total income from operations increased by 6.1% to ₹2,868.03 crore.
- 03Analysts expect market share gains as the paint industry recovers in FY27.
- 04ICICI Securities set a target price of ₹550, while Equirus Securities set a target of ₹577.
- 05Risks include potential corrections in commodity prices and competitive pressures.
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Shares of Berger Paints India surged by 9.21% to ₹532.75 on May 13, 2026, following the announcement of its Q4 FY26 financial results, which showed a 27.5% year-on-year increase in consolidated profit to ₹335.25 crore. The total income from operations also rose by 6.1% to ₹2,868.03 crore. Analysts from ICICI Securities and Equirus Securities expressed optimism about the company's future, forecasting a recovery in the paint industry in FY27. ICICI Securities maintained an 'Add' rating with a revised target price of ₹550, while Equirus Securities set a target price of ₹577. Both brokerages noted that Berger's investments in urban distribution and the launch of new products are likely to enhance its market position. However, they also warned of risks related to commodity price fluctuations and competitive pressures in the market.
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The strong performance of Berger Paints may lead to increased investor confidence and potential growth in the local paint market, benefiting home improvement and construction sectors.
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