Berger Paints Nigeria Plc began 2026 strongly and delivered solid first quarter results ended March 31, 2026.
Strong Revenue Growth Drives Performance
The company grew its pre-tax profit to ₦693.1 million, rising from ₦469.7 million last year.
Management drove this improvement through stronger sales and tighter cost control across operations.
Revenue climbed to ₦3.3 billion, up from ₦2.9 billion in the same period last year.
Paint and allied products generated almost all sales and dominated the company’s revenue mix.
Although rebates reduced total revenue slightly, underlying demand still supported overall growth momentum.
Cost Discipline Boosts Berger Paints Profitability
Meanwhile, cost of sales rose to ₦1.8 billion due to higher raw material costs.
However, the company still lifted gross profit to ₦1.5 billion from ₦1.2 billion.
Stronger pricing discipline and efficient production processes helped improve overall margin performance.
Read Also: Unilever Nigeria Plc Keeps Growth Momentum In Q1 2026
In addition, management reduced selling and distribution expenses to ₦75.7 million from ₦160.7 million.
As a result, operating profit surged to ₦663.2 million, marking a 43% year-on-year increase.
Furthermore, net finance income increased sharply to ₦29.9 million from ₦6.2 million.
The company also earned ₦23.9 million in other income, mainly from scrap sales.
Consequently, pre-tax profit strengthened to ₦693.1 million through combined operational gains.
Balance Sheet Strengthens Amid Steady Growth
Earnings per share rose to ₦1.58, compared with ₦1.07 in the previous year.
At the same time, retained earnings increased to ₦4.6 billion from ₦4.2 billion.
This shows management retained more profit to support future business expansion.
On the balance sheet, total assets expanded to ₦10.04 billion from ₦9.06 billion.
The company increased investments in equipment, inventories, and financial assets.
However, liabilities also rose to ₦4.5 billion due to higher trade and other payables.
Even so, shareholders’ equity improved to ₦5.4 billion, driven by stronger retained earnings.
On the stock market, investors kept shares flat at ₦68.35 on April 23, 2026.
Despite this, the stock still rose 42.4% year-to-date on the Nigerian Exchange.
So far, investors have traded over 22 million shares this year.
Overall, Berger Paints strengthened performance by growing sales, managing costs, and improving efficiency.
