NSE: BERGEPAINT | BSE: 509480

Expensive Performer

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541.25 1.75 (0.32%)

181.1K NSE+BSE Volume

NSE 12 Dec, 2025 3:31 PM (IST)

63,104.1

Market Cap

Market Runner Up

Beta 1Year

Very Low volatility

Berger Paints (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BERGEPAINT, BSE:509480 Berger Paints (India) Ltd.

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Berger Paints (India) Ltd.

10 Dec 2025

541.25

0.32%

BERGER PAINTS

Buy: Berger Paints (India) Ltd.

Recommendation Target

Geojit BNP Paribas

During the quarter, Berger's revenue growth was impacted by the prolonged monsoon season, resulting in a modest increase in revenue. The company's margin and profitability were also affected by higher costs and expenses. However, the company continued to expand its retail presence, adding new stores and increasing its overall footprint. The sector's competitive landscape has stabilised, and demand is expected to pick up in the coming months, driven by improved weather conditions and the release of pent-up demand. This is expected to contribute to the company's overall revenue growth,...

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

05 Jun 2025

541.25

0.32%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Berger's profitability surged in the quarter, driven by increased volume and effective cost-saving measures. Despite ongoing geopolitical tensions, trade concerns and currency fluctuations, the outlook for the company remains positive. The decorative segment is expected to drive growth in the coming quarters, fuelled by rising urban demand, increased disposable incomes (due to recent tax incentives), and decreasing inflation. With a surplus of cash, Berger is well-positioned to expand its manufacturing capacity and capitalise on future opportunities. The company's gain...

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

25 Nov 2024

541.25

0.32%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

06 Nov 2024

541.25

0.32%

Could have been better!

Sell: Berger Paints (India) Ltd.

Target

ICICI Securities Limited

Paint industry has likely declined by ~2% in Q2FY25. Considering industry slowdown and steep increase in competitive pressures, we believe Berger reported moderate results with volume growth of 3.6% YoY. While EBITDA margin contracted 147bps YoY to 15.6% in Q2FY25.

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

21 Aug 2024

541.25

0.32%

BERGER PAINTS

Accumulate: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

28 May 2024

541.25

0.32%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

16 May 2024

541.25

0.32%

Low probability of market share gains in FY25-26 with rising competitive pressures

Sell: Berger Paints (India) Ltd.

ICICI Securities Limited

Similar to peers, Berger Paints (Berger) has reported double-digit volume growth (13.9%) in Q4FY24 but value growth was dismal at 3.1% YoY.

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

08 Nov 2023

541.25

0.32%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Geojit BNP Paribas

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

16 Aug 2023

541.25

0.32%

BERGER PAINTS

Buy: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Berger Paints (India) Ltd.

10 Aug 2023

541.25

0.32%

Market share gains led by distribution expansion and new launches

Sell: Berger Paints (India) Ltd.

Target

ICICI Securities Limited

Berger reported market share gains in Q1FY24 in East, West India (overall shares moved up to 20.2% from 19.3% in base (FY18: 18%)) (Source: Company data) driven by (1) distribution expansion and (2) launch of differentiated products. Projects segment (~10% of net sales) outperformed retail sales.

Berger Paints (India.. has an average target of 628.00 from 1 broker.

Is Berger Paints (India) Ltd. worth buying?

464 Votes:

Buy 71.34%

Sell 15.73%

Hold 12.93%

RESEARCH REPORTS

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