Berger Paints Q4 volumes jump 11.8%; Systematix stays Buy as price hikes offset RM inflation
Berger Paints beat Q4 FY26 estimates on 11.8% volume growth and 6% revenue uptick. Management pushed through 11-12% price hikes in Mar-May to counter ~12% raw material inflation, with 60% of the basket up 20-22%. Systematix retains Buy, modelling 8.5% volume and 3% revenue growth for FY26 and a volume-value gap reversal in FY27.
Berger Paints beat Q4 FY26 estimates with 11.8% volume growth; Systematix retains Buy. Price hikes of 11-12% offset 12% raw material inflation. Management expects resilient volumes and positive volume-value gap reversal in FY27.