IGI Logo
Toggle Navigation
News
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Compare Scheme
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
More
Budget 2024
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Astrology
Beyond Market Car
Beyond Market Entertainment
Beyond Market Fashion
Beyond Market Gadgets
Beyond Market Health
Beyond Market India
Beyond Market Life Style
Beyond Market Sports
Broking Firm Views
Broking Firm Views - Long Term Report
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Budget 2024 Sector Reports
Budget Bites
Budget Economic Servey
Budget Expert Views
Budget Industry
Budget News
Budget Wishlist
Commodities
Commodities Reports
Commodity Top News
Company News
Company Result
Currency News
Currency Report
Currency Top News
Diwali Expert Views
Diwali Market Outlook
Diwali Report
Diwali Technical Report
Economy News
Expert View Institution
Expert Views
Industry News
IPO Analysis
IPO More News
IPO Reports
IPO Top News
Market Outlook
Mutual Fund Analysis
Mutual Fund Expert Views
Mutual Fund More News
Mutual Fund Top News
Podcast - Market Ki Awaaz
Special Event Expert Views
Special Event Reports
Startup
Startup Expections
Startup Speak
Stock Market
Stock On The Move
Top News
Top Stories
Videos
Videos Business
Videos Entertainment
Videos Global News
Videos Lifestyle And Fashion
Videos News And Politics
Videos Sports
Wealth
Women
World Market More News
World Top News
Search
Steady revenue growth; margins expand Berger Paints India (Berger) is the second-largest paints company in the domestic market, with 16 strategically located manufacturing units and a countrywide distribution network of 25,000+ dealers. • The company’s consolidated revenue increased 9.8% YoY to Rs. 3,030cr, driven by robust volume growth and strong performance in the decorative business. • EBITDA margin expanded 370 bps YoY (+330 bps QoQ) to 18.4%, supported by lower ...
Buy Berger Paints Ltd For Target Rs.774 - Geojit Financial Services
Berger Paints India Ltd TECHNICAL RATIONALE Berger Paints has been gradually inching higher after the trend reversal in May 2023. It has formed a higher base in the recent weeks with noticeable volumes which indicates accumulation. We expect the resumption of the up move soon. Traders should utilize this pause to create longs in the mentioned zone. Buy Berger Paints India Ltd CMP: 695.50, Initiation Range 695-698, Stop Loss 678, Target 745 ...
Tech Stars : Berger Paints India Ltd And Godrej Consumer Products Ltd By Religare Broking
Berger Paints India on Wednesday reported a bigger-than-expected 40% rise in profit, aided by robust demand for decorative paints and easing raw material costs. The paintmaker's consolidated net profit rose to 3.54 billion rupees ($42.76 million) for the quarter ended June 30 from 2.53 billion rupees a year earlier. Analysts, on average, had estimated a profit of 3.29 billion rupees, according to Refinitiv IBES. Berger's cost of raw materials consumed fell 9% in the quarter h...
Berger Paints India beats Q1 view on robust demand, lower material costs
Mixed growth in revenue: Berger paints standalone revenue for Q4FY23 grew by 13.6% YoY with volume growth of 11.1% while its consolidated revenue grew by 11.7% YoY but saw a decline of 9.3% QoQ to Rs 2,443.6cr. The growth was driven by double digit growth in the decorative segment as well as healthy demand for construction chemicals and pick up in sales of industrial segments. For FY23, its standalone revenue grew by 22.3% YoY to Rs 9,470cr with strong volumes growth of 15.5% YoY and its cons...
Buy Berger Paints India Ltd Target Rs. 766 - Religare Broking
* Within the paint space, Berger Paints has been among the top-performing names since 2003, maintaining a steady uptrend on long term charts. In the entire decade, it retraced towards the major moving averages on the weekly chart only twice and witnessed a strong directional trend thereafter. * It has been trading with a corrective bias for nearly two years, after making a new record high at 872.95 in July 2021 and retested the monthly support zone of 540 levels. * The last seven months...
Buy Berger Paints India Ltd Target Rs. 675 - Religare Broking
The dealer count has likely increased 2x in last 3-4 years in Chennai. While it has resulted in higher paint sales, it has impacted revenue/dealer - that's the insight from our conversation with the paint dealers in Chennai. They told us: (1) Most dealers are now trying to sell paints of only one company in order to achieve higher turnover-led trade schemes. As per dealers, market leader Asian Paints has benefitted most. (2) Nippon Paints has emerged stronger and is no.2 in Chennai. JSW i...
Paint Sector update : Worm`s world view #50: Conversation with paint dealers in Chennai By ICICI Securities
Berger Paints India is currently trading at Rs. 551.10, up by 10.15 points or 1.88% from its previous closing of Rs. 540.95 on the BSE. The scrip opened at Rs. 530.00 and has touched a high and low of Rs. 557.75 and Rs. 527.60 respectively. So far 96522 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.60 on 03-Feb-2022 and a 52 week low of Rs. 534.55 on 27-Jan-2023. Last one week high and low of the scrip sto...
Berger Paints India trades higher despite reporting 20% fall in Q3 consolidated net profit
High input cost weighs on margin… About the stock: 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) Q2FY23 Results: Volume led topline growth, delay in price hikes dented margins. * Revenue...
Hold Berger Paints India Ltd For Target Rs.670 - ICICI Direct
In-line 2Q. Capex announcements may be interpreted as signaling statements Berger’s Q2FY23 results were in-line with peers. It's revenue growth of 20% compares with Asian Paints (19%), Kansai (19%), Akzo (25%) and Indigo (24%). While volume growth in Decoratives was 11% (we reckon it's tonnage growth, which is less meaningful), Berger says it has improved market share to 18.8% in H2FY23 from 18% in FY22. Though gross margins declined by 300bps to 35.3% in Q2FY23, we model it ...
Reduce Berger Paints Ltd For Target Rs.545 - ICICI Securities
Mixed results; market share gain positive Berger Paints India (Berger) is the second-largest paint company in the domestic market, with 10 strategically located manufacturing units and a countrywide distribution network of 25,000+ dealers. • In Q2FY23, consolidated revenue grew 20.0% YoY on a lower base, though it was down 3.2% sequentially owing to tepid demand. • EBITDA margin shrank 230bps YoY to 13.6% (-110bps QoQ) due to inflated material costs, and higher employee and...
Buy Berger Paints Ltd For Target Rs.679 - Geojit Financial Services
Buy Berger Paints India Ltd For Target Rs.900 YoY Revenue grew strong: Berger paints reported strong revenue growth of Rs 2,671cr, up by 20% YoY largely driven by volume growth of 11% YoY and remaining via better realization and price hikes. Both its business segments i.e. decorative and industrial witnessed decent demand as compared to last year. However, comparing QoQ numbers, revenue de-grew by 3.2% as exterior paints demand remains muted due to the monsoon season. Margins dented by ...
Berger Paints India Ltd : Mixed numbers; maintain Buy - Religare Broking
Demand and margins normalizing; upgrade to BUY as correction looks overdone Result Synopsis Berger Paints growth during the quarter looks much lower than peers given the presence of a large one‐off projectin the base quarter; excluding that, both growth and margin trends are not very different from peers. But growth continues to remain lower than the sector leader for past couple of quarters given the company’s relatively weaker presence in the faster growing Tier 1 markets. The w...
Buy Berger Paints India Ltd Target Rs. 712 - Yes Securities
High input costs dent margins * BRGR reported largely in-line sales growth of 21% to Rs25.5bn in Q3. EBITDA/PAT declined 5-8% and were 4-9% lower than our estimates. Standalone sales grew by 22% with 12% volume growth. 2-year sales/volume CAGR stood at 23%/19%. * BRGR saw lower growth than APNT due to slower industrial business. Decorative growth was similar to APNT, as per management. Metros grew faster, aided by a strong festive season. Network expansion has been faster, which is...
Hold Berger Paints Ltd For Target Rs.790 - Emkay Global
Steep (input inflation, competition, valuation) = our inability (and unwillingness) to have a constructive view Berger’s revenue growth (27.7%) was lower than market leader Asian Paints revenue growth of (32.6%). However, Berger reported least EBITDA margin decline (333bps) amongst its peers Asian Paints (1090bps), Kansai (937bps) and Indigo (690bps). We believe key reasons were likely higher price hikes than market leader and lower ad-spend. While we remain structurally positive on ...
Reduce Berger Paints Ltd For Target Rs.670 - ICICI Securities
High input costs keep EBITDA margin under check… About the stock: Berger Paints is the second largest paint player in India. * Berger derives ~82% of its topline from the decorative paints while rest comes from the industrial segment. Company has ~13 manufacturing units in India with ~30,000 dealer network across the country * Strong b/s with RoCE, RoE of 26%, 22% respectively (five-year average) Q1FY22 Results: Strong revival in the decorative paints helped drive...
Hold Berger Paints India Ltd For Target Rs.860 - ICICI Direct
Derivative Ideas BERGEPAINT FUT has added around 8% in open interest in as fresh long build up was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in BERGEPAINT as per below levels. Strategy:- BUY BERGEPAINT BETWEEN 830-835 SL 815 TARGET 865. To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ0001743...
Buy Berger Paints Ltd Target Rs. 865 - Religare Broking
Likely market share gains in value-for-money emulsions, putty and waterproofing Berger’s Q1FY22 was stronger than consensus and our estimates. We believe the company has continued to gain market shares in low priced emulsions, waterproofing and putty markets from smaller/ unorganized players. Its revenue growth trajectory was slightly better than Asian Paints but tad weaker than Kansai. Berger’s gross margin (38.6%) was also comparable with Asian Paints (38.4%) but Berger&rsquo...
Hold Berger Paints Ltd For Target Rs.850 - ICICI Securities
Below are View On Growth engines ready to fire on all fronts By Abhijit Roy, MD and CEO - Motilal Oswal Growth engines ready to fire on all fronts Plans to leverage its strong market position to grow in other categories Paints industry poised for growth The Paints industry is closely correlated to India’s GDP growth. Typically, the industry grows at 1.5-2x GDP, with the larger Paints market growing by ~12% annually. With advancing urbanization, growing national inc...
Growth engines ready to fire on all fronts By Abhijit Roy, MD and CEO - Motilal Oswal
Earnings miss on weak margins * Topline performance was largely in line, with 93% sales growth on soft comparables (2- year CAGR of 2.4%). Margins came in below expectations due to higher input cost inflation, leading to an EBITDA/PAT miss of 22%/27%. * Management’s commentary indicated a positive demand outlook and it expects outperformance to continue, driven by growth initiatives, including new launches, scale-up of construction chemicals and network expansion of 12-13%, simila...
Sell Berger Paints Ltd For Target Rs.650 - Emkay Global
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views are of the author and not of the website kindly read disclaimer
Buy Berger Paints Ltd Target Rs. 840 - Religare Broking
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Berger Paints India Ltd Target Rs. 885 - Religare Broking
Volume growth momentum continues… Berger’s Q4FY21 volume growth at 58% YoY (Q2:15%; Q3: 28%) is one of the best in the industry and much ahead of our expectation of 28%. Apart from a favourable base, the decorative paints volume growth was largely driven by a pick-up in construction activity in Q4 and healthy growth in construction chemical (largely water proofing business). On the other hand, a strong recovery in automotive sales helped a strong recovery in the performance of...
Hold Berger Paints India Ltd For Target Rs. 835 - ICICI Direct
Hold Berger Paints Ltd For Target Rs. 800 Berger’s FY21 revenue and EBITDA growth of 7.1% and 12% is largely in-line with sector revenue and EBITDA growth of 6% and 12.4%, respectively. 4Q volume growth of ~55% (our view) was industry leading performance. While we remain positive on (1) Berger’s strong positioning in value-for-money paints, (2) strong distribution network especially in East India, (3) aggressive growth strategy and innovation and (4) high probability of market ...
Hold Berger Paints Ltd : FY21 performance inline with peers; 4Q is a beat - ICICI Securities
Peak quarter; further upgrades not visible * BRGR recorded strong sales growth of 50% to Rs20.3bn in Q4FY21, driven by 53% growth in the domestic business (7% beat). EBITDA/PAT grew 61%/102%, largely in line with expectations on account of a slight miss on margins due to higher overheads. * Domestic performance looks better than peers’ due to low comparables. Two-year sales CAGR is in line with APNT (15% for BRGR vs. 16% for APNT). Strong growth momentum indicates buoyant rural de...
Sell Berger Paints Ltd For Target Rs.585 - Emkay Global
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Berger Paints Ltd Target Rs. 770 - Religare Broking
Religare Super Idea** To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views are of the author and not of the website kindly read disclaimer
Buy Berger Paints Ltd Target Rs. 792 - Religare Broking
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views are of the author and not of the website kindly read disclaimer
Buy Berger Paints Ltd For Target Rs.770 - Religare Broking
Weekly future recommendation: Rationale Paint stocks have remained under pressure in the last couple of weeks post their quarterly results. For Berger Paints, major Put OI base was placed at | 750 in the February series, which is already disrupted. That base has moved lower in the March series. Moreover, continued Call writing is visible at OTM 740 strike, suggesting expectation of limited upsides. We expect the stock to move towards its recent low of | 680 in the coming sessions. ...
Weekly Recommendation - Short Berger Paints Ltd For Target Of Rs. 680 By ICICI Direct
Recovery momentum remains strong Pointers from Q3FY21: (1) The company’s 9MFY21 revenue decline is 4.2% which is in line with 9MFY21 revenue decline of 3% of Asian Paints. Berger has likely gained market shares from smaller/unorganized players, (2) Reduction in trade schemes, revenue recovery and operating leverage resulted in EBITDA margin expansion of 212bps and (3) the revenue growth momentum from tier 2 and 3 cities and villages remains intact and there is recovery in metros, pr...
Hold Berger Paints Ltd For Target Rs.770 - ICICI Securities
Mark-up over leader unjustified Berger Paints continues to execute well and beat estimates (24.9% YoY vs HSIE: 16%). However, performance fell short of APNT’s 26%. The former lagged APNT in margin delivery too over 9MFY21. (APNT: ~230bp vs BRGR’s 56bp) as APNT managed costs better. Given the immateriality in relative top- line performance and weaker margin delivery over 9M, BRGR’s steep premium over APNT (79x FY23 P/E vs APNT’s 61x) seems unjustified. While we margi...
Sell Berger Paints Ltd For Target Rs.610 - HDFC Securities
Strong quarter; valuation remains unattractive * Q3 performance was above expectations with sales/EBITDA/PAT growing 25%/40%/50%. Sales beat estimates by 9%, largely in line with APNT. PAT was marginally ahead of estimates due to higher marketing spends and MTM loss in Russia. * Commentary indicated a fairly positive outlook for decorative and industrial businesses going ahead, given a strong pick-up in metros and sustained growth momentum in smaller towns. Capacity expansion in UP has...
Sell Berger Paints Ltd For Target Rs.560 - Emkay Global
Rationale Paint stocks have remained under pressure in the last couple of weeks. Stocks like Berger Paints, which showed relative outperformance, recently started showing signs of weakness and are likely to witness selling pressure in coming sessions. The stock has seen constant additions of positions in the last few sessions while almost 20% OI was increased indicating short positions. In the options space, significant Call writing is visible at ATM 750 and 760 strike, suggesting expectat...
Weekly Recommendation - Short Berger Paints For Target Of Rs. 700 By ICICI Direct
Strong quarter led by pent‐up demand, urban recovery and international traction; Grasim entry key concern * View – Berger Paints has again posted a relatively better performance than Asian Paints given its relatively stronger position in smaller markets. While the management is not unduly worried as of now about Grasim’s aggressive plans for the paints business, we believe that it would remain an overhang and a reason for valuation multiples to cool off a bit from current leve...
Berger Paints Ltd : Strong quarter led by pent‐up demand, urban recovery and international traction; Grasim entry key concern By Yes Securities
Hold Berger Paints Ltd For Target Rs.635 Expect margin improvement to continue Pointers from Q2FY21: (1) Reduction in discounts and some savings in raw material sourcing will ensure the gross/EBITDA margins remain at higher levels, (2) The company has gained market share from smaller players during the quarter and has also expanded the dealer count and (3) the revenue growth momentum from tier 2 and 3 cities and villages remains intact and there is possibility of recovery in metros in ...
Expect margin improvement to continue - ICICI Securities
Load More
