Berger Paints

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

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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.

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

The company was scouting for a 40-50 acre-plot in Odisha, says Abhijit Roy, MD and CEO, Berger Paints

Berger Paints India on Thursday reported a consolidated net profit of Rs 219.51 crore for the second quarter of the 2022-23 fiscal, up marginally from Rs 219.21 crore in the year-ago period. Revenue from operations for the quarter under review was Rs 2,670.9 crore, a 20 per cent increase from Rs 2,225 crore in the corresponding period last year. Earnings before interest, taxes, depreciation and amortisation (excluding other Income) for the July-September period was at Rs 364 crore, representing an increase of 2.8 per cent from Rs 354 crore in the same quarter last year.

Despite inflationary headwinds, Berger Paints posted its best ever quarterly sales in Q1 of FY23 in terms of volume and value

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Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action

Companies to post double digit volume growth in the quarter

Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges

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Berger Paints India Ltd on Tuesday said it was monitoring the cost pressure in the wake of crude price hardening but will take a call after tracking the demand scenario. With crude oil trading above USD 100 per barrel owing to Russia's invasion of Ukraine, cost pressure will mount if the geopolitical uncertainties continue for a few months. "We are monitoring the situation closely but not raising the price in a haste. We will take a call after monitoring the demand scenario also. Price rise impacts volume demand," Berger Paints MD & CEO, Abhijit Roy, told PTI. Berger had hiked prices in the last one year to offset input cost inflation, the company said. Roy explained that out of the four major ingredients of making paints, one is linked to crude. It is the solvent binder, which is a derivative of crude. However, its price is more affected by demand-supply issues than the price of crude itself, he said. Overall, solvent binder forms about one-third of Berger's raw material ...

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

Berger Paints India Ltd on Wednesday reported an eight per cent decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter. The company had posted a net profit of Rs 274.98 crore during the corresponding quarter last year, Berger Paints India said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.42 per cent to Rs 2,550.77 crore, compared with Rs 2,118.19 crore in the year-ago period. Berger Paints' total expenses stood at Rs 2,228.56 crore in December 2021, a 26.26 per cent jump as against Rs 1,764.94 crore a year ago. Shares of Berger Paints India Ltd on Wednesday settled at Rs 722.55 on the BSE, up 0.62 per cent from the previous close.

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Berger Paints India Ltd on Wednesday reported 1 per cent decline in consolidated net profit at Rs 219.21 crore for September quarter 2021-22 impacted by high raw material cost and COVID-19.