Latest news with #BergerPaintsIndiaLtd
Business Standard
06-08-2025
- Business
- Business Standard
Berger Paints India Ltd Slips 1.35%
Berger Paints India Ltd has lost 3.55% over last one month compared to 1.84% fall in BSE Consumer Durables index and 3.29% drop in the SENSEX Berger Paints India Ltd fell 1.35% today to trade at Rs 564.75. The BSE Consumer Durables index is down 0.15% to quote at 59925.82. The index is down 1.84 % over last one month. Among the other constituents of the index, Amber Enterprises India Ltd decreased 0.8% and PG Electroplast Ltd lost 0.76% on the day. The BSE Consumer Durables index went up 3.66 % over last one year compared to the 2.67% surge in benchmark SENSEX. Berger Paints India Ltd has lost 3.55% over last one month compared to 1.84% fall in BSE Consumer Durables index and 3.29% drop in the SENSEX. On the BSE, 89 shares were traded in the counter so far compared with average daily volumes of 12331 shares in the past one month. The stock hit a record high of Rs 629.6 on 17 Sep 2024. The stock hit a 52-week low of Rs 437.8 on 30 Dec 2024.
Mint
05-08-2025
- 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
05-08-2025
- 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.
News18
05-08-2025
- 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.
The Print
22-07-2025
- Business
- The Print
Berger Paints prioritises sustainable growth, focuses on core segments
The paint industry is witnessing intensified competition with new players entering the estimated Rs 1 lakh crore market alongside ongoing consolidation. Kolkata, Jul 22 (PTI) Berger Paints India Ltd, the country's second-largest paint company, has reaffirmed its resilience amid intensifying competition and economic headwinds. Addressing shareholders in the company's latest annual report, Rishma Kaur said, 'At the heart of Berger Paints' enduring success lies a single-minded commitment: to deliver a differentiated and superior experience to our customers. This is not a one-time exercise but a continuous endeavour grounded in research, innovation, and execution.' She stressed that Berger has never chased market share through 'unsustainable discounts or gimmicks,' adding, 'Our focus has always been on long-term value creation, building structures of confidence, systems of reliability, and a reputation grounded in integrity.' Outlining strategic priorities, Kaur said Berger's path ahead is anchored on deeper customer alignment, technology-led transformation through AI and digital tools, and continued focus on innovation and sustainable growth. 'We are also re-examining opportunities in our traditional core segments, where we see untapped potential for value enhancement,' Kaur said. She further articulated her vision for the company to become 'the most admired Indian paint & coating solutions company with globally recognised innovations and competencies. MD & CEO Abhijit Roy, in his message to shareholders, highlighted that despite macroeconomic pressures and rising competition, Berger delivered a resilient performance in 2024-25. 'We achieved a 1.7 per cent growth in total income from operations, with PAT growth at 6.2 per cent. Despite a sluggish external environment and pricing pressures, Berger Paints reported steady progress on all key financial and operational parameters,' Roy said. He pointed out that the company's decorative paints segment, which contributes 80 per cent of total revenues, posted a 7.4 per cent year-on-year volume growth. 'Our market share tells a compelling story. From 18.9 per cent in FY 2021-22, we moved to 19.3 per cent, then to 19.5 per cent, and this year saw the sharpest increase, reaching 20.3 per cent,' he added. Looking ahead, Roy expressed optimism about the future, stating, 'We foresee a strong resurgence in consumer demand, a decisive shift toward premiumisation, and accelerated adoption of digital and sustainable practices.' PTI BSM NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
