Page 2 - Berger Paints

Berger steers clear of Akzo bid for now, eyes Rs 20K cr revenue by 2030

Responding to questions from the media on Akzo Nobel, Abhijit Roy, managing director (MD) and chief executive officer (CEO), Berger Paints India, said bids were invited

Berger Paints aims for sustainable growth, open to acquisitions: Chairman

Berger Paints Ltd chairman Rishma Kaur on Monday said that the company will continue to build on its century-old legacy of trust and innovation while focusing on "sustainable" growth and strategic expansion. Kaur said the company is maintaining a cautious approach towards any acquisitions. When asked why the company did not bid for Akzo Nobel's paints business which is up for sale in India, Pakistan and Sri Lanka, the Berger Paints chairman told PTI that "Under the current circumstances, it does not align with our strategy. Therefore, we have not placed any bid so far." She said, "We have our plans, whether competition is high or low. We will deal with it in a structured manner. If a good acquisition opportunity arises, we will evaluate it based on the price-benefit equation. However, we have the capability to grow organically, and that remains our priority. We have acquired companies in the past and will continue to consider acquisitions if they align with our strategic ...

Asian Paints, Indigo Paints hit 52-week low; slip up to 25% in 6 months

Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.

Ceat, MRF, IOCL: Oil-linked stocks slip as crude oil rises above $81/bbl

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

JSW Paints open to inorganic opportunities: Sundaresan A S joint MD & CEO

On organic expansion, JSW Paints plans to invest Rs 1,000 crore in the next three to five years

Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama

The brokerage sees brighter prospects for these emerging contenders (Berger & Indigo) in the second half of FY25 (H2FY25), citing several headwinds for Asian Paints that could limit its growth

Price 'not only game' in paints industry; brand important: Berger CEO

Company has 'broad growth opportunities'; inflation worrying for industry: Abhijit Roy

Berger Paints Q2 results: PAT declines 7.5% to Rs 270 cr on weak demand

The company's consolidated net profit fell 7.5% to Rs 270 crore (about $32 million) in the July-September quarter, lower than analysts' estimate of Rs 284 crore, per data compiled by LSEG

Asian Paints, Indigo Paints, Berger fall up to 2% as crude oil gains

Paint stocks decline as Brent crude oil set for steepest gain since February 2023

Asian Paints, Indigo Paints, Kansai gain up to 5% on falling oil prices

Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints

Ajit Mishra of Religare Broking suggests buying these three stocks today

We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.

Keeping close watch on competition, says Berger Paints India MD & CEO

Roy's comments come in the wake of the entry by the Aditya Birla group into the decorative paints segment

Berger Paints eyes 5% value growth in Q2, targets doubling turnover by 2029

Coating major Berger Paints India Ltd has implemented three price hikes since June, which are expected to boost its 'value' growth to around 5 per cent in the second quarter ending September 2024, while maintaining a volume growth target of at least 10 per cent, an official said on Monday. Speaking after the company's 100th AGM, Berger revealed that its next milestone is to double its turnover to Rs 20,000 crore by 2029, up from Rs 10,000 crore in FY2024. The company also plans to close down the Howrah plant and convert it into a larger R&D centre by the end of 2025, once the greenfield Panagarh facility in West Bengal becomes operational. "We achieved a volume growth of 11.8 per cent in Q1 of FY2025, but value growth was just 2.5 per cent due to factors like price decreases, reduced raw material costs, and a slowdown in the luxury paints segment in West Bengal and Kerala. "The three price hikes between June and August will improve and mitigate the cost impact of 1.5 per cent, ...

Rerating of paint stocks still some time away, say analysts

Paint stocks to buy: The competitive scenario in the paint sector will only increase in the near to medium term, caution analysts

Paint companies Asian Paints and Berger Paints start slashing prices

Paint companies remain unperturbed with competition heating up

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore

Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the corresponding period of the previous year. Total expenses in the fourth quarter were higher at Rs 2,274.13 crore as compared to Rs 2,178.58 crore a year ago. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 1,169.82 crore, up from Rs 860.4 crore in the preceding year, the company said. In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore as against Rs 10,567.84 crore in FY23. The board of directors of the company, at their meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of the

Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%

HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.

Asian Paints, Berger Paints slip up to 4%; hit 52-week lows on weak demand

Asian Paints said decorative business revenues were 1.8 per cent lower than last year impacted by the weak demand environment and downtrading, particularly in the Premium segment.

Nifty bias to remain negative till it breaches 22,500, says Ajit Mishra

Nifty50 outlook: On the downside, the 21,850-22,150 zone is anticipated to provide support. Traders are advised to maintain caution