Berger Paints' 10-11% hikes neutralise raw material inflation; eyes Rs 20,000 cr by 2031
MD Abhijit Roy says staggered 10-11% price hikes have largely offset crude-led input cost pressure, with raw materials at 60% of cost base. Q4FY26 profit rose 27% YoY. No further hikes planned unless oil spikes. Odisha expansion on track; Panagarh plant on hold pending Bengal's industrial policy.
What happened
Berger Paints India · Berger Paints raised prices 10-11% to offset crude-driven raw material inflation, neutralising cost pressure. MD Abhijit Roy sees no
Key facts
- 10-11% price hike
- Q4FY26 profit +27% YoY
- raw material impact ~20%
- raw materials 60% of cost
- current turnover Rs 12,000 cr
- FY27 target Rs 14,000 cr
- 2031 target Rs 20,000 cr
Why this matters
Odisha capacity is progressing while Panagarh sits hostage to Bengal's industrial policy—watch for site-shift optionality or incentive arbitrage as Berger scales toward its 2031 footprint.