Berger Paints is the second largest paint player in India.
Berger derives ~80-85% of its topline from decorative paints while the rest comes from the industrial segment. It has ~13 manufacturing units in India with ~50,000 dealer network (FY22) across India
Strong b/s with RoCE, RoE of 26%, 22%, respectively, (five-year average)
Q3FY23 Results
New product launches and network expansion drives volume growth, usage of high cost inventory drags margin
Revenue increased by 5.6% YoY to ₹ 2693.6 crore in Q3FY23 driven by 6.6% volume growth in the decorative paints segment
Gross margin declined 198 bps YoY owing to adverse product mix and usage of high cost inventory. Increased employee expenses and lower gross margin dragged EBITDA margin down by 239 bps YoY to 13%
PAT down ~21% YoY to ₹ 201 crore tracking lower EBITDA margin and higher interest outgo
Furniture-Furnishing-Paints company Berger Paints (India) announced Q1FY25 results:
Revenue from Operations for the quarter ended 30th June, 2024 was Rs 2,806.3 crore as against Rs 2,739.8 crore in the corresponding quarter of the last year, representing an increase of 2.4% over the corresponding quarter of last year.
EBITDA (excluding other income) for the quarter ended 30th June, 2024 was Rs 483.7 crore as against Rs 513.83 crore in the corresponding quarter of the last year, representing a decline of 5.9% over the corresponding quarter of last year.
Net profit for the quarter ended 30th June, 2024 was Rs 305.5 crore as against Rs 326.3 crore in the corresponding quarter of last year, representing a decline of 6.4% over the corresponding quarter of last year.
Abhijit Roy, Managing Director & CEO of Berger Paints India, said: "This quarter was tough due to elections, inclement weather and slowdown in a few key markets. In spite of this we were able to deliver double digit volume growth and the highest market share gain in a single quarter.
Though we did well on the volume growth front, the value sales were lower due to the impact of the price drop taken in the prior quarters and stronger sale seen in the high volume, low value products 1 in the waterproofing and construction chemicals category.
Profitability for the quarter, while healthy, had negative growth. Three factors contributed to this, among them being the base effect of a very high margin recorded in QI FY24, impact of price reductions in prior quarters and an increased investment in advertising and brand building activities linked to elections.
We continue to register robust growth in waterproofing, construction chemicals and wood coating segments. The industrial segment had a muted performance in April and May but saw revival from June onwards which bodes well for us in the months ahead.
On the international front, our Polish operations continued to do well while our operations in Nepal continues to be a challenge. We are now starting to see some signs of improvement in Nepal.
As part of the regular succession planning exercise of the Company ensuring seamless transition to the next generation of leaders, Ms Rishma Kaur was appointed as the Chairperson of the Company by the Board of Directors at its meeting held today with effect from 13th August, 2024. Mr Kanwardip Singh Dhingra was appointed as Vice Chairman of the Company by the Board of Directors at its meeting held today with effect from 13th August, 2024. Mr Ku/dip Singh Dhingra and Mr.Gurbachan Singh Dhingra will continue on the Board as Non-Executive Directors designated Chairman Emeritus and Vice chairman Emeritus respectively with effect from 13th August, 2024 and would guide their successors on strategic thinking, leadership and overall understanding of the business.
We remain optimistic on the demand scenario for the year ahead and look forward to introducing our customers and influencers to new innovations in products and services as the year progresses"
Berger Paints Ltd is in the Paints/Varnish sector is having a market capitalization worth Rs. 76,824.58 crores, it was incorporated in the year 1923. It has reported consolidated sales of Rs. 1,798.49 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 509480, and also listed on the National Stock Exchange (NSE) with the code BERGEPAINT.
Berger Paints Ltd was originally incorporated under the name of Hadfield (India) Ltd. Currently, Berger Paints is under the management of the Dhingra brothers, who hold the majority stake in the company. Berger Paints is that the second largest paint company in India. Berger Paints has a total of 16 manufacturing units around the country. Berger Paints also has four overseas manufacturing units located in Nepal, Poland, and Russia. Berger Paints has a widespread network of more than 25,000 dealers around the country. Berger Paints is also the first company to launch the Color Bank Tint system, wherein the customers get to choose from a range of over 5,000 colours and get the desired product within minutes. The promoters of the company own 74.98% of the stake in the company, Foreign Institutional Investors (FII) own 11.25%, Domestic Institutional Investors (DII) own 4.07% stake in the company, and others (such as public & retail investors) hold the balance of 9.70%.
In June 2021, quarterly net revenue was Rs. 1,619.21 crores, which has increased sharply by approximately 96.0 % from Rs. 826.14 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.09 crores, which has also improved sharply and increased by nearly 171.27% from a net profit of Rs. 49.8 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,341.0 crores, which is also increased by 90.85% as compared to an operating profit of Rs. 702.64 crores for the quarter ending in June 2020. From an EPS of Rs. 0.51 in June 2020, the EPS of Berger Paints Ltd has improved and reached Rs. 1.39 per share in June 2021. BERGEPAINT's stock closed at Rs. 790.95 on 24th August’2021 (NSE). Berger Paint has given a return of 9.13% in the last six months and returned 38.80% in the previous year.
Berger Paints Ltd is in the Paints/Varnish sector is having a market capitalization worth Rs. 76,824.58 crores, it was incorporated in the year 1923. It has reported consolidated sales of Rs. 1,798.49 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 509480, and also listed on the National Stock Exchange (NSE) with the code BERGEPAINT.
Berger Paints Ltd was originally incorporated under the name of Hadfield (India) Ltd. Currently, Berger Paints is under the management of the Dhingra brothers, who hold the majority stake in the company. Berger Paints is that the second largest paint company in India. Berger Paints has a total of 16 manufacturing units around the country. Berger Paints also has four overseas manufacturing units located in Nepal, Poland, and Russia. Berger Paints has a widespread network of more than 25,000 dealers around the country. Berger Paints is also the first company to launch the Color Bank Tint system, wherein the customers get to choose from a range of over 5,000 colours and get the desired product within minutes. The promoters of the company own 74.98% of the stake in the company, Foreign Institutional Investors (FII) own 11.25%, Domestic Institutional Investors (DII) own 4.07% stake in the company, and others (such as public & retail investors) hold the balance of 9.70%.
In June 2021, quarterly net revenue was Rs. 1,619.21 crores, which has increased sharply by approximately 96.0 % from Rs. 826.14 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.09 crores, which has also improved sharply and increased by nearly 171.27% from a net profit of Rs. 49.8 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,341.0 crores, which is also increased by 90.85% as compared to an operating profit of Rs. 702.64 crores for the quarter ending in June 2020. From an EPS of Rs. 0.51 in June 2020, the EPS of Berger Paints Ltd has improved and reached Rs. 1.39 per share in June 2021. BERGEPAINT's stock closed at Rs. 790.95 on 24th August’2021 (NSE). Berger Paint has given a return of 9.13% in the last six months and returned 38.80% in the previous year.
Berger Paints India share price as on 09 Sep 2024 is Rs. 602.7. Over the past 6 months, the Berger Paints India share price has increased by 4.31% and in the last one year, it has increased by 1.05%. The 52-week low for Berger Paints India share price was Rs. 439 and 52-week high was Rs. 679.75.
You can buy Berger Paints India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Berger Paints India Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 09, 2024 02:39 PM the closing price of Berger Paints India Ltd was Rs.602.70.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Sep 09, 2024 02:39 PM, the market cap of Berger Paints India Ltd stood at Rs. 70,262.52 Cr.
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