Latest news with #AbhijitRoy
Business Recorder
5 days ago
- Business
- Business Recorder
India's Berger Paints misses quarterly profit view on higher expenses, one-time charge
Berger Paints India reported quarterly profit below analyst estimates on Tuesday, as higher expenses and a one-time charge related to a fire incident weighed. Consolidated net profit shrank 11% to 3.15 billion rupees (about $36 million) in the quarter ended June 30. Analysts, on average, had predicted a profit of 3.62 billion rupees, as per data compiled by LSEG. Berger took a one-time charge of 368.1 million rupees during the quarter. Key context Indian paintmakers have been grappling with soft retail demand. 'The early onset of monsoon played spoilsport this quarter,' CEO Abhijit Roy said in a statement. However, India's largest paintmaker Asian Paints said last month that it sees some 'green shoots' of demand recovery in the sector. It had resorted to discounts in the quarter to buy back customers, while it posted an in-line quarterly profit. Rivals, Akzo Nobel India and Kansai Nerolac posted lower quarterly profit.
Mint
5 days ago
- Business
- Mint
After weak Q1, Berger Paints expects demand, margin recovery in July-September
Berger Paints India Ltd, the second-largest paints manufacturer in the country, expects a gradual recovery in demand and pricing in the ongoing fiscal quarter following early shoots of recovery in the June quarter. This comes after weak demand and an accident at a factory eroded Berger Paints's profit by over a tenth during the April-June period. 'The gradual and sequential improvement in domestic demand indicators and improving momentum in key markets are positive signs which were interrupted by the inclement weather but will recover in short order,' Abhijit Roy, managing director and chief executive of Berger Paints, said in a press statement. The Kolkata-based company continued to gain market share and currently has more than 20% share among listed paintmakers, according to its investor presentation. Berger Paints, however, flagged volatile geopolitics and tariff uncertainty as a risk. 'The volatile geopolitical situation and uncertainty resulting from the international tariff negotiations are potential risk/actors going forward,' said Roy. According to analysts at ICICI Securities, the paint industry's revenue growth is likely to recover in 2025-26 after declining in FY25. In a note dated 30 June, the analysts wrote that they had analysed the performance of the paints industry over the past 20 years and found a pattern—after two slow years, the industry usually bounces back with strong growth for the next two years. Since FY24 and FY25 were slow years for the industry, it will grow strongly again in FY26 and FY27, they said. The analysts defined slow years as revenue growing at less than 6%, and strong years when revenue grows at more than 12%. Berger Paints's June-quarter revenue rose 3.55% year-on-year to ₹ 3,201 crore, but fell short of the ₹ 3,272 crore that 16 analysts polled by Bloomberg had estimated, on average. Profit declined 11% to ₹ 315 crore. This included an exceptional loss of ₹ 37 crore because of a fire at the company's distribution centre and warehouse in Barasat, Kolkata. 'The fire originated at some other company's premise and unfortunately spread to our warehouse. The insurance claim filing is currently in progress, and related assessments are underway,' the company said in the statement. Berger Paints's decorative segment delivered mid single-digit volume growth. A better product mix and reduced effect of earlier price corrections helped narrow the gap between sales volume and value to 3.6% in the latest first quarter from 7% a year earlier. The paintmaker's earnings before interest, taxes, depreciation and amortization—or ebitda, a measure of core efficiency—improved 1.1% year-on-year to ₹ 528 crore in the June quarter. The cost of raw materials fell by almost 6% to ₹ 1,488 crore. Berger Paints shares closed Tuesday's trading on NSE 1.7% higher at ₹ 571.70 each, while the benchmark Nifty index fell 0.30% to 24.649.55 points.
Mint
5 days ago
- Business
- Mint
Berger Paints Q1 profit down 11 pc to ₹315 cr
New Delhi, Aug 5 (PTI) Berger Paints India Ltd on Tuesday reported 11 per cent decline in consolidated net profit at ₹ 315 crore for June quarter of 2025-26 financial year. The company had posted a net profit of ₹ 354 crore for the April-June period a year ago, according to a regulatory filing from Berger Paints India. However, revenue from operations was up at ₹ 3,200.76 crore in June quarter as against ₹ 3,091.01 crore in the corresponding quarter a year ago. The company had a "mid single-digit volume growth", however, it was "moderated by heavier-than expected monsoon in May-June," the company said in an investors' presentation. Total expenses were at ₹ 2,780.81 crore, up 4.11 per cent in the June quarter. Total income, which includes other income, was at ₹ 3,229.22 crore, up 3.25 per cent year-on-year. Commenting on the result, Managing Director & CEO Abhijit Roy said early onset of monsoon played spoilsport this quarter. "We were still able to deliver value growth higher than the listed industry players and continued to improve our market share. The volume value gap this quarter is 3.6 per cent as compared to 7 per cent for the last flscal," it said. Moreover, the June quarter results include an exceptional loss of ₹ 36.81 crore, arising from a fire incident at a regional distribution centre and warehouse facility in Barasat, Kolkata. "The fire originated at some other company's premises and unfortunately spread to our warehouse. The loss pertains primarily to damaged inventory and certain fixed assets. The insurance claim filing is in progress, and related assessments are underway," it said. Shares of Berger Paints India Ltd on Tuesday settled at ₹ 572 apiece on BSE, up 0.41 per cent from the previous close.
Business Standard
5 days ago
- Automotive
- Business Standard
Berger Paints Q1 PAT slides 11% to Rs 315 crore
Berger Paints India has reported 11.01% decrease in consolidated net profit to Rs 314.63 crore in Q1 FY26 as against Rs 353.56 crore posted in Q1 FY25. Revenue from operations rose 3.55% year on year to Rs 3,200.76 in the quarter ended 30 June 2025. Total expenses jumped 4.11% YoY to Rs 2,780.81 crore during the quarter. The cost of material consumed stood at Rs 1,487.69 crore (down 5.71% YoY), employees benefit expenses was at Rs 217.36 crore (up 13.07% YoY) and finance cost was at Rs 4.54 crore (down 4.54% YoY) during the period under review. Profit before tax in Q1 FY26 stood at Rs 422.77 crore, up by 9.27% from Rs 465.98 crore in Q1 FY25. The company reported exceptional item of Rs 36.81 crore in Q1 FY26. EBITDA (excluding other income) for the quarter ended 30 June 2025 was Rs at 528.4 crore, up 1.1% from Rs 522.4 crore recorded in the same quarter last year. Abhijit Roy, managing director & CEO of Berger Paints India, This quarter saw steady month-on-month demand growth despite challenges from the early monsoon. We achieved value growth that outpaced other listed players and continued to gain market share. The volume-to-value gap narrowed to 3.6% from 7% last fiscal. Profitability improved both quarter-on-quarter and year-on-year, despite increased competition. Strong growth was seen in our key segments: waterproofing, construction chemicals, and wood coatings. The industrial segment, led by Automotive, delivered solid revenue and profit gains. Most subsidiaries and JVs, including Berger Jenson & Nicholson (Nepal) and Berger Nippon Paint Automotive Coatings, posted strong growth, while STP Limited and SBL Specialty Coatings showed flat performance. Domestic demand is improving steadily, though temporarily affected by weather. However, geopolitical volatility and tariff uncertainties remain risks ahead. Berger Paints will continue focusing on innovation and brand distinctiveness to navigate future challenges. Berger Paints India is engaged in retail, decorative and industrial painting solutions. The scrip rose 0.41% to close at Rs 572 on the BSE.
News18
5 days ago
- Business
- News18
Berger Paints Q1 profit down 11 pc to Rs 315 cr
Agency: PTI New Delhi, Aug 5 (PTI) Berger Paints India Ltd on Tuesday reported 11 per cent decline in consolidated net profit at Rs 315 crore for June quarter of 2025-26 financial year. The company had posted a net profit of Rs 354 crore for the April-June period a year ago, according to a regulatory filing from Berger Paints India. However, revenue from operations was up at Rs 3,200.76 crore in June quarter as against Rs 3,091.01 crore in the corresponding quarter a year ago. The company had a 'mid single-digit volume growth", however, it was 'moderated by heavier-than expected monsoon in May-June," the company said in an investors' presentation. Total expenses were at Rs 2,780.81 crore, up 4.11 per cent in the June quarter. Total income, which includes other income, was at Rs 3,229.22 crore, up 3.25 per cent year-on-year. Commenting on the result, Managing Director & CEO Abhijit Roy said early onset of monsoon played spoilsport this quarter. 'We were still able to deliver value growth higher than the listed industry players and continued to improve our market share. The volume value gap this quarter is 3.6 per cent as compared to 7 per cent for the last flscal," it said. Moreover, the June quarter results include an exceptional loss of Rs 36.81 crore, arising from a fire incident at a regional distribution centre and warehouse facility in Barasat, Kolkata. 'The fire originated at some other company's premises and unfortunately spread to our warehouse. The loss pertains primarily to damaged inventory and certain fixed assets. The insurance claim filing is in progress, and related assessments are underway," it said. Shares of Berger Paints India Ltd on Tuesday settled at Rs 572 apiece on BSE, up 0.41 per cent from the previous close. PTI KRH ANU (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
