|
18 Apr 2025 |
Berger Paints
|
Consensus Share Price Target
|
543.60 |
499.57 |
- |
-8.10 |
hold
|
|
|
|
|
25 Nov 2024
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
523.00
|
475.90
(14.23%)
|
Target met |
Hold
|
|
|
|
|
06 Nov 2024
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
470.00
|
525.15
(3.51%)
|
Target met |
Sell
|
|
|
Paint industry has likely declined by ~2% in Q2FY25. Considering industry slowdown and steep increase in competitive pressures, we believe Berger reported moderate results with volume growth of 3.6% YoY. While EBITDA margin contracted 147bps YoY to 15.6% in Q2FY25.
|
|
21 Aug 2024
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
633.00
|
576.05
(-5.63%)
|
16.45 |
Accumulate
|
|
|
|
|
28 May 2024
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
530.00
|
496.05
(9.59%)
|
Target met |
Hold
|
|
|
|
|
16 May 2024
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
450.00
|
490.00
(10.94%)
|
Target met |
Sell
|
|
|
Similar to peers, Berger Paints (Berger) has reported double-digit volume growth (13.9%) in Q4FY24 but value growth was dismal at 3.1% YoY.
|
|
08 Nov 2023
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
643.00
|
586.25
(-7.28%)
|
|
Hold
|
|
|
|
|
16 Aug 2023
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
774.00
|
698.15
(-22.14%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
10 Aug 2023
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
655.00
|
698.60
(-22.19%)
|
Pre-Bonus/ Split |
Sell
|
|
|
Berger reported market share gains in Q1FY24 in East, West India (overall shares moved up to 20.2% from 19.3% in base (FY18: 18%)) (Source: Company data) driven by (1) distribution expansion and (2) launch of differentiated products. Projects segment (~10% of net sales) outperformed retail sales.
|
|
19 May 2023
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
698.00
|
625.25
(-13.06%)
|
Target met |
Buy
|
|
|
|
|
16 May 2023
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
547.00
|
612.10
(-11.19%)
|
Pre-Bonus/ Split |
Sell
|
|
|
While Berger’s near-term outlook remains strong due to (1) healthy offtake in decorative, (2) strong growth in construction chemicals, (3) revival in profitability of Industrial paints and (4) correction in input prices, we note three structural trends as (i) the company plans to increase the ad-spend to sales by 0.5%-0.7%, (ii) aggressively increase the outlet reach even if it results in lower throughput/store.
|
|
16 May 2023
|
Berger Paints
|
ICICI Direct
|
543.60
|
670.00
|
612.10
(-11.19%)
|
Target met |
Hold
|
|
|
|
|
04 Feb 2023
|
Berger Paints
|
ICICI Direct
|
543.60
|
600.00
|
558.30
(-2.63%)
|
Target met |
Hold
|
|
|
|
|
03 Feb 2023
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
505.00
|
540.60
(0.55%)
|
Pre-Bonus/ Split |
Sell
|
|
|
Berger’s Q3FY23 earnings declined 13.4% YoY due to (1) lower sales of exterior paints due to prolonged monsoon and (2) high priced inventory impacted EBITDA margin by 239bps.
|
|
17 Nov 2022
|
Berger Paints
|
Geojit BNP Paribas
|
543.60
|
679.00
|
603.55
(-9.93%)
|
Target met |
Buy
|
|
|
|
|
11 Nov 2022
|
Berger Paints
|
IDBI Capital
|
543.60
|
821.00
|
598.10
(-9.11%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
11 Nov 2022
|
Berger Paints
|
ICICI Securities Limited
|
543.60
|
545.00
|
583.15
(-6.78%)
|
Target met |
Sell
|
|
|
Berger’s Q2FY23 results were in-line with peers. It's revenue growth of 20% compares with Asian Paints (19%), Kansai (19%), Akzo (25%) and Indigo (24%).
|
|
07 Nov 2022
|
Berger Paints
|
Bonanza
|
543.60
|
681.50
|
614.45
(-11.53%)
|
Target met |
Buy
|
|
|
Berger Paints has been in a correction since August 2022, but it is currently displaying the probability of a short-term bounce back.
|
|
25 Aug 2022
|
Berger Paints
|
Chola Wealth Direct
|
543.60
|
710.00
|
660.15
(-17.66%)
|
Target met |
Accumulate
|
|
|
|
|
10 Aug 2022
|
Berger Paints
|
IDBI Capital
|
543.60
|
812.00
|
666.40
(-18.43%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
09 Aug 2022
|
Berger Paints
|
ICICI Direct
|
543.60
|
740.00
|
674.65
(-19.42%)
|
Pre-Bonus/ Split |
Hold
|
|
|
|