Business records over 25% CAGR in the last three years, significantly outpacing the broader waterproofing market
Sept 02: Berger Paints India Limited has crossed the ₹1,500 crore milestone in its construction chemicals business, including waterproofing, in FY26, reinforcing the company’s growing presence beyond its core paints portfolio.
Built over the last seven to eight years, the business has expanded across waterproofing, repair, tiling and allied construction applications, as demand for specialized construction chemicals gains momentum across new construction and repair. The business has recorded a CAGR of over 25% over the last three years, well ahead of the broader waterproofing market, which is estimated to grow at around 8–10%. The wider Indian construction chemicals market is also poised for strong growth, with rising infrastructure activity, renovation and reconstruction, and increasing adoption of specialized solutions driving demand. According to a June 2026 report by Mordor Intelligence, the market is estimated at US$2.53 billion in 2026 and is projected to reach US$4.47 billion by 2031, growing at a CAGR of 12.06%.
Commenting on the milestone, Abhijit Roy, MD and CEO, Berger Paints India, said, “We see construction chemicals as a natural extension of our role in building and protecting the spaces that matter to consumers. Over the years, we have invested in understanding evolving construction needs, developing differentiated products and building greater awareness around the category. As the market continues to formalise and adoption deepens, our focus will be on scaling the business responsibly, strengthening our presence across geographies and creating solutions that address the needs of both construction professionals and consumers.”
The company’s construction chemicals portfolio is led by Home Shield, which houses its waterproofing solutions. Berger has focused on product development to address emerging needs, including Home Shield Waterproof Putty, which combines the application of putty to create a uniform wall surface with waterproofing functionality. Another addition is Roof Cool and Seal, which provides roof waterproofing along with a cooling benefit. Launched around two years ago, the product has a Solar Reflectance Index (SRI) of over 111%, enabling high solar reflectance and contributing to a cooling effect.
Berger has also expanded into tiling solutions, including tile adhesives, tile grouts and other adhesive products, strengthening its presence across the broader construction chemicals value chain.
The business has a pan-India presence, with particularly strong traction in West Bengal, Andhra Pradesh, Kerala, Uttar Pradesh and Punjab. Going forward, Berger sees further opportunity to deepen penetration in existing markets, expand into newer geographies and build on its growth trajectory through continued product development across construction chemicals.
