The largest manufacturer of paints and coating industry in Africa’s most populous nation Berger Paints Plc posted a net profit margin of 13.48 percent in the first three months (Q1) of 2026, up from 10.40 percent a year earlier.
A higher margin indicates the manufacturer is able to manage costs and has a stronger competitive advantage as it has efficiently converted sales into actual profit even amid tough macroeconomic conditions.
Sales increased by 13.80 percent to N3.38 billion in the period under review from N2.97 billion as at March 2025.
Profit after tax (PAT) was up 47.52 percent to N456.57 million in March 2026 from N309.48 million the previous year.
The company is making money from core operations as operating profit spiked by 43.08 percent to N663.21 million in March 2026 from N463.52 million the previous year.
Berger Paints attributes the stellar performance to five key pillars: product innovation, market expansion, operational efficiency, customer experience and strategic partnerships.
The company’s shares have gained 42.20 percent since the start of the year, outperforming the NGXASI index 41.11 percent gain.
It trades at an attractive valuation with a price to earnings ratio (P/E) of 21.11 times.
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