Berger Paints

Price 'not only game' in paints industry; brand important: Berger CEO

Company has 'broad growth opportunities'; inflation worrying for industry: Abhijit Roy

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

Asian Paints, Indigo Paints, Kansai gain up to 5% on falling oil prices

Brent crude oil fell nearly 5 per cent on Tuesday. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints

Ajit Mishra of Religare Broking suggests buying these three stocks today

We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.

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, ...

Rerating of paint stocks still some time away, say analysts

Paint stocks to buy: The competitive scenario in the paint sector will only increase in the near to medium term, caution analysts

Paint companies Asian Paints and Berger Paints start slashing prices

Paint companies remain unperturbed with competition heating up

M&M, Berger Paints, Mankind Pharma among six stocks to monitor on May 16

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore

Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the corresponding period of the previous year. Total expenses in the fourth quarter were higher at Rs 2,274.13 crore as compared to Rs 2,178.58 crore a year ago. For the fiscal ended on March 31, 2024, consolidated net profit was Rs 1,169.82 crore, up from Rs 860.4 crore in the preceding year, the company said. In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore as against Rs 10,567.84 crore in FY23. The board of directors of the company, at their meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of the

Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%

HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.

Asian Paints, Berger Paints slip up to 4%; hit 52-week lows on weak demand

Asian Paints said decorative business revenues were 1.8 per cent lower than last year impacted by the weak demand environment and downtrading, particularly in the Premium segment.

Nifty bias to remain negative till it breaches 22,500, says Ajit Mishra

Nifty50 outlook: On the downside, the 21,850-22,150 zone is anticipated to provide support. Traders are advised to maintain caution

Action is in India, makes sense to focus on market here: Berger Paints CEO

Company is 'cautious' after Aditya Birla group's entry in the sector but it is not worried, says Abhijit Roy

Berger to make sustainable paint stabilisers with RK Mission college tech

Berger Paints Ltd announced on Sunday that it will produce a stabilising agent for its paints using technology from a college run by the Ramakrishna Mission at Belur in West Bengal's Howrah district. The company has signed a technology transfer agreement to explore pilot-scale and subsequent industrial-scale production of green ammonia by an electrocatalytic method without using green hydrogen. "Currently, we procure stabilisers from external sources. But this technology of Ramakrishna Mission Vidyamandira, which has proven lab outcomes, is far more environmentally friendly and will also provide us with a cost advantage," Berger Paints MD & CEO Abhijit Roy told PTI. Ramakrishna Mission Vidyamandira is a residential autonomous degree college in Belur. This has nothing to do with green hydrogen production, he said. Green ammonia production involves a process of making ammonia that is renewable and carbon-free. One way of producing green ammonia is by using hydrogen from water ...

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

CLSA downgrades Asian Paints to 'sell'

Mixing resilience in palette: Paint makers tackle slowdown, competitors

Find themselves painted into a corner, blending festival-fuelled revenue with the undertones of sluggishness from price cuts and a subdued luxury mix

Berger Paints Q3 results: Net profit jumps 49% to Rs 300 cr, revenue up 7%

Berger Paints on Tuesday posted a 49 per cent year-on-year increase in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also grew by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding other income, witnessed an increase of 37.3 per cent to Rs 480 crore during the period under review as compared to the corresponding quarter last year. "The quarter witnessed strong growth on the volume front and robust increase in operating profits," Berger Paints MD & CEO Abhijit Roy said. The growth rates in tier 2 and tier 3 cities were higher than that of tier 1 cities, he said. The paint maker continued with its "aggressive growth" in the waterproofing and construction chemicals segment. "New product introductions were made in the sealants and roof waterproofing category to fortify

Berger Paints India net profit rises 33% at Rs 292 cr, misses estimates

Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue