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Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd Consistently surpassing industry growth rates and gaining the market share Berger Paints Limited, incorporated in 1923, is one of the leading manufacturers and sellers of paints and varnishes in India with an established brand. It is present in decorative paint segment (~80% of the sales) and industrial segment. Berger has 29 manufacturing plants in India (including plants of subsidiaries in India), two in Nepal, one each in Poland and Russia, and around 184 stock stations. Its decorative ...
Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd
Diwali Pick 2024 : Buy Berger Paints India Ltd For Target Rs. 655 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:32:57 am
Buy Berger Paints India Ltd. For Target Rs.655 By Religare Broking Ltd Decent performance led by double digit volume growth: Berger paints reported consolidated revenue of Rs 3,091cr, which grew by 2.0% YoY and 22.6% QoQ led by volume growth of 11.8% and consistent growth in most of its subsidiaries. Further, company has gained highest market share gain among listed players on YoY and QoQ basis from 19.7% in Q4FY24 to 20.9% in Q1FY25. However value growth moderated due to impact of product price reduction of about 5% taken in Q3 & Q4FY24. Amongst segments, d...
Buy Berger Paints India Ltd. For Target Rs.655 By Religare Broking Ltd
Buy Berger Paints India Ltd. For Target Rs.655 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-08-13 06:25:34 pm
Berger Paints India beats Q1 profit estimates on lower taxes  Berger Paints India reported first quarter profit above estimates on Friday, helped by lower tax expenses. The company reported consolidated net profit of 3.54 billion rupees ($42.2 million) for the April-June period, largely unchanged from year ago, but above analysts' average estimate of 3.42 billion rupees as per LSEG data. Tax expenses fell 7.7% to 1.12 billion rupees, while discount-spurred volume growth led to revenue rising by 2% to 30.91 billion rupees. For further ...
Berger Paints India beats Q1 profit estimates on lower taxes
Berger Paints India beats Q1 profit estimates on lower taxes
Source: Reuters
2024-08-09 05:00:25 pm
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd Double digit volume growth in topline: Berger paints reported consolidated revenue of Rs 2,520cr, which grew by 3.1% YoY led by standalone volume growth of 13.9% and consistent growth in most of its subsidiaries. However price correction to the tune of 5% dragged the value growth. Amongst segments, both decorative & industrial performed well and decorative continue to showcase double digit growth. EBITDA remain impacted: Its gross profit grew by 5.3% YoY but declined by 13.4% QoQ to Rs...
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd
Buy Berger Paints India Ltd For Target Rs.627 - Religare Broking Ltd
Source: Religare Broking
2024-05-22 11:00:33 am
Buy Berger Paints India Ltd. For Target Rs.693 By Religare Broking Steady volume growth: Berger paints reported consolidated revenue growth of 7% YoY/4.1% QoQ to Rs 2,881.8cr and its standalone revenue growth grew by 6.4% YoY with volume growth of 9.1% YoY. Amongst segments, both decorative and industrial segments continued to perform well, despite price cuts taken by the company. Additionally, decorative volume grew in double digit and consistent growth in protective coatings, automotive & general industrial segment as well as revival in powder coating ...
Buy Berger Paints India Ltd. For Target Rs.693 By Religare Broking
Buy Berger Paints India Ltd. For Target Rs.693 By Religare Broking
Source: Religare Broking
2024-03-18 02:43:13 pm
Reduce Berger Paints Ltd For Target Rs. 564 - Elara Capital Margins peak out Market share gains on the back of strong festival season Berger Paints’ (BRGR IN) Q3 net sales grew 7% YoY, led by value/volume growth of 6.4%/9.1% in the standalone business. Decorative coatings outperformed with double-digit volume growth driving steady market share gain. The value-volume disparity in decorative coatings stemmed from a November price reduction and a greater proportion of economy-grade products. Nonetheless, ...
Reduce Berger Paints Ltd For Target Rs. 564 - Elara Capital
Reduce Berger Paints Ltd For Target Rs. 564 - Elara Capital
Source: Elara Capital
2024-03-01 11:35:39 am
India`s Kansai Nerolac posts higher profit for fourth straight quarter  India's Kansai Nerolac Paints reported a bigger profit for the fourth consecutive quarter on Monday, boosted by strong demand for decorative and industrial coatings. The company, owned by Japan's Kansai Paint Co, said consolidated net profit rose 40% year-over-year to 1.54 billion rupees ($18.5 million) in the third quarter. Revenue from operations rose 5% to 19.19 billion rupees. For further earnings highlights, click KEY CONTEXT Paintmakers have benefited from g...
India`s Kansai Nerolac posts higher profit for fourth straight quarter
India`s Kansai Nerolac posts higher profit for fourth straight quarter
Source: Reuters
2024-02-05 04:22:23 pm
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking Single digit revenue growth but double digit growth in volumes: Berger paints reported single digit consolidated revenue growth of 3.6% YoY while subdued growth of 8.7% sequentially to Rs 2,767.3cr and its standalone business grew just by 2.8% YoY but volume grew in double digit of 10.9%. Amongst segments decorative business growth was mixed as in the first half it remained subdued because of lower offtake of interior and exterior emulsion, erratic monsoon, high base last year, extended festi...
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking
Buy Berger Paints Ltd For Target Rs.693 - Religare Broking
Source: Religare Broking Ltd
2023-11-04 03:22:23 pm
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit Berger Paints India is currently trading at Rs. 552.50, up by 3.70 points or 0.67% from its previous closing of Rs. 548.80 on the BSE. The scrip opened at Rs. 542.15 and has touched a high and low of Rs. 554.35 and Rs. 541.60 respectively. So far 51550 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 679.05 on 22-Sep-2023 and a 52 week low of Rs. 439.49 on 03-Feb-2023. Last one week high and low of the scrip stoo...
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit
Berger Paints India surges after reporting 33% rise in Q2 consolidated net profit
Source: Accord Fintech
2023-11-03 03:07:16 pm