Berger Paints India Ltd News

Berger Paints Q2 results: PAT declines 7.5% to Rs 270 cr on weak demand

The company's consolidated net profit fell 7.5% to Rs 270 crore (about $32 million) in the July-September quarter, lower than analysts' estimate of Rs 284 crore, per data compiled by LSEG

Asian Paints, Indigo Paints, Berger fall up to 2% as crude oil gains

Paint stocks decline as Brent crude oil set for steepest gain since February 2023

F&O Insights: Experts advocate some caution; 4 stocks in F&O ban

Derivatives market update for Sept 05: The Put-Call Ratio dropped from 0.96 to 0.82, reinforcing the dominance of call writers and a cautionary trend; 25,150 remains a key level for the Nifty, says Dh

Keeping close watch on competition, says Berger Paints India MD & CEO

Roy's comments come in the wake of the entry by the Aditya Birla group into the decorative paints segment

Berger Paints eyes 5% value growth in Q2, targets doubling turnover by 2029

Coating major Berger Paints India Ltd has implemented three price hikes since June, which are expected to boost its 'value' growth to around 5 per cent in the second quarter ending September 2024, while maintaining a volume growth target of at least 10 per cent, an official said on Monday. Speaking after the company's 100th AGM, Berger revealed that its next milestone is to double its turnover to Rs 20,000 crore by 2029, up from Rs 10,000 crore in FY2024. The company also plans to close down the Howrah plant and convert it into a larger R&D centre by the end of 2025, once the greenfield Panagarh facility in West Bengal becomes operational. "We achieved a volume growth of 11.8 per cent in Q1 of FY2025, but value growth was just 2.5 per cent due to factors like price decreases, reduced raw material costs, and a slowdown in the luxury paints segment in West Bengal and Kerala. "The three price hikes between June and August will improve and mitigate the cost impact of 1.5 per cent, ...