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Berger comes up with flying colours in Q1, stock gains 7% in 3 days

While distribution and expansion plans improve volume growth visibility, benign input cost could help push up profitability

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Berger Paints

Shreepad S Aute 

Since Berger Paints announced a strong set of numbers for the June 2019 quarter (Q1) on Monday, the company's stock has shot up 7 per cent in just three days, outperforming the 2.6 per cent gains made by Asian Paints, the paints market leader, in the meanwhile. In fact, Berger hit its all-time high at Rs 356.95 apiece on Thursday.

Sturdy volume growth and profitability in Q1, improving FY20 (fiscal 2019-20) earnings visibility, cheered the Street. The company reported 12 per cent volume growth in Q1 driven by faster sales growth in tier-2 and tier-3 towns. Average price cuts of 0.5 ...

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First Published: Thu, August 08 2019. 17:55 IST
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