Page 3 - Berger Paints

Action is in India, makes sense to focus on market here: Berger Paints CEO

Company is 'cautious' after Aditya Birla group's entry in the sector but it is not worried, says Abhijit Roy

Berger to make sustainable paint stabilisers with RK Mission college tech

Berger Paints Ltd announced on Sunday that it will produce a stabilising agent for its paints using technology from a college run by the Ramakrishna Mission at Belur in West Bengal's Howrah district. The company has signed a technology transfer agreement to explore pilot-scale and subsequent industrial-scale production of green ammonia by an electrocatalytic method without using green hydrogen. "Currently, we procure stabilisers from external sources. But this technology of Ramakrishna Mission Vidyamandira, which has proven lab outcomes, is far more environmentally friendly and will also provide us with a cost advantage," Berger Paints MD & CEO Abhijit Roy told PTI. Ramakrishna Mission Vidyamandira is a residential autonomous degree college in Belur. This has nothing to do with green hydrogen production, he said. Green ammonia production involves a process of making ammonia that is renewable and carbon-free. One way of producing green ammonia is by using hydrogen from water ...

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

CLSA downgrades Asian Paints to 'sell'

Mixing resilience in palette: Paint makers tackle slowdown, competitors

Find themselves painted into a corner, blending festival-fuelled revenue with the undertones of sluggishness from price cuts and a subdued luxury mix

Berger Paints Q3 results: Net profit jumps 49% to Rs 300 cr, revenue up 7%

Berger Paints on Tuesday posted a 49 per cent year-on-year increase in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also grew by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding other income, witnessed an increase of 37.3 per cent to Rs 480 crore during the period under review as compared to the corresponding quarter last year. "The quarter witnessed strong growth on the volume front and robust increase in operating profits," Berger Paints MD & CEO Abhijit Roy said. The growth rates in tier 2 and tier 3 cities were higher than that of tier 1 cities, he said. The paint maker continued with its "aggressive growth" in the waterproofing and construction chemicals segment. "New product introductions were made in the sealants and roof waterproofing category to fortify

Berger Paints India net profit rises 33% at Rs 292 cr, misses estimates

Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue

Berger Paints expects margin stability amid rising crude oil prices

Berger Paints India Ltd, the country's second-largest paint manufacturer, does not foresee any significant impact on its profit margins despite the recent surge in crude oil prices, according to a senior company official. Production of paint heavily depends on crude-based derivatives which are used as raw materials. Berger said the current pain is mostly covered with its previous price increases and is not considering any further hikes in the festive season to push sales. However, if crude oil prices continue to remain elevated for a longer duration, the company anticipates a potential dip in profits compared to the first quarter levels. "If the prices remain at this level, which we expect, we see no immediate or significant impact going forward, except that profitability may be lower than in Quarter 1," Berger Paints Managing Director & CEO Abhijit Roy told PTI. Brent crude, a benchmark for India, has at one point of time surged to nearly USD 98 per barrel from USD 75 in July. It

Berger Paints gains 4% on turning ex-bonus; stock hits 52-week high

Berger Paints had fixed September 23, 2023 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for the 1:5 bonus issue.

Berger Paints aims to double revenue to Rs 20,000 cr by 2028-29: Official

Berger Paints Ltd will seek to double its revenue to Rs 20,000 crore by 2028-29, a top company official said on Friday. To achieve it the company will need to expand its capacity to 1.6 lakh tonnes per month from the current 95,000 tonnes per month, Berger MD and CEO Abhijit Roy said during a post-AGM interaction. "We plan to invest Rs 2,700 crore in greenfield and brownfield expansion projects over the next 5-6 years. The capacity expansion will enable the company to maintain its 14 percent year-on-year growth," he said. Berger Paints has outlined a plan for three greenfield facilities - one in Panagarh (West Bengal), another in Odisha and the third in western India but the site has not been finalised. The expansions will be primarily funded through internal accruals, Roy said. The company also plans to merge its subsidiaries which were established through the acquisition of STP Ltd and Sahoo Coatings Ltd. The company has achieved its Rs 10,000 crore revenue target a year ahead

Berger Paints India logs 40% rise in net profit to Rs 355 crore in Q1

Berger Paints India on Wednesday reported a 40 per cent rise in consolidated net profit at Rs 354.91 crore for the June quarter. The company, which had posted a consolidated net profit of Rs 253.71 crore for the same period in the last fiscal, said its board has approved the issue of one bonus equity share of face value of Re 1 each against 5 equity shares of the face value of Re 1 each, subject to shareholders' approval. Consolidated revenue from operations during the first quarter of the current fiscal was Rs 3,029.51 crore as against Rs 2,759.7 crore in the year-ago period, Berger Paints India said in a regulatory filing. Total expenses were higher at Rs 2,570.68 crore as compared to Rs 2,433.92 crore in the year-ago quarter. "The decorative business saw double-digit growth both on value and volume fronts on high bases... Auto GI (General Industry) and protective division have done well even on high bases. Powder coatings underperformed in Q1 (April-June), but is expected to do

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Analysts see rich valuations for paint, tyre stocks; time to book profit?

Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex

Berger Paints expects better margin with drop in input costs: Official

Berger Paints is expecting an improvement in margin with a decline in input costs mainly due to falling crude oil prices, and also weighing a modest increase in rebates during the current fiscal to boost sales, a top company official said. Despite the expected rise in rebates, the paint maker remains confident in its ability to maintain a healthy growth trajectory, aiming at an EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin of 16-17 per cent in the 2023-24 financial year, its managing director and CEO Abhijit Roy said. "While we have witnessed a decline in input costs due to the reduction in crude prices, the competitive nature of the industry may lead to a slight increase in rebates. "Nevertheless, this increase will not be significant as it aligns with the pricing levels we experienced prior to the COVID-19 pandemic," Roy told investors in an analysts' meeting. The company also does not foresee any dent in demand in the current fiscal, he ...

Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23

Berger Paints India Q4 results: Net profit falls 15% to Rs 186 crore

The company's consolidated revenue from operation rose by 11.7 per cent to Rs 2,444 crore for the March quarter as compared to Rs 2,188 crore in the year-ago period

Avoid paint stocks as crude oil may keep margin cheer at bay: Analysts

Analysts advise investors to avoid the sector over the short-to-medium term

Berger's largest plant to enhance profit margins in company's 100th year

The new plant has an installed capacity of 33,000 KL/MT per month, with 15,000 KL/MT of water-based paint and 4,800 KL/MT of solvent-based paint, apart from construction chemicals and putty

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

Berger Paints Q3 net down 20.4% to Rs 201 cr; revenue up 6% to Rs 2,694 cr

Berger Paints India Ltd on Thursday reported a decline of 20.47 per cent in its consolidated net profit at Rs 201.17 crore in the third quarter ended December 2022. The company had posted a net profit of Rs 252.97 crore in the October-December period a year ago, Berger Paints said in a regulatory filing. Its revenue from operations was up 5.59 per cent at Rs 2,693.59 crore during the quarter under review as against Rs 2,550.77 crore in the year-ago period. Berger Paints total expenses were at Rs 2,437.84 crore, up 9.39 per cent in Q3/FY23, as against Rs 2,228.56 crore a year ago. Shares of Berger Paints India Ltd on Thursday settled at Rs 540.95 on BSE, down 1.59 per cent from the previous close.

Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.