The Berger Paints management is considering setting up an integrated paint plant in Lucknow. In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints discussed more details on the project.
In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints spoke about the results and his outlook for the company. He was speaking from the sidelines of the Edelweiss India Conference.
Crude oil prices have hit a two-and-a-half year high. In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the latest happenings in the company and gave his outlook for the future.
Berger Paints India's Q2 earnings have come in largely in-line with street estimates. In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of the company spoke about the results and his outlook going ahead.
In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the memorandum of understanding (MoU) that is signed with Chugoku Marine Paints.
"The company should close the year, FY17, with a topline of around Rs 2,300 crore, up about 15 percent from last year’s Rs 2,000 crore", ukumar Srinivas, MD of Shankara Buildpro told CNBC-TV18.
According to Asian Paints CEO KBS Anand, Goods won't create a disruption which will last for more than a quarter. He added that GST will enable the organised sector to perform better depending upon tax rates on paints.
Speaking to CNBC-TV18's Latha Venkatesh at the biannual conference, Varnam, held in Bengaluru, paint sector head honchos said they are all expecting Union Budget 2017 to boost affordable housing and help them recover all the ground lost on account of demonetisation.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
Abhijit Roy, MD & CEO of Berger Paints clarifies that the primary sale to dealers is not impacted but the demand from customers to dealers has reduced on back of concerns over availability of cash.
In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India said margins have been robust due to benign raw material costs.
Aggressive distribution network expansion and increasing share of premium products would help Berger Paints grow faster than the industry rate, says MD & CEO Abhijit Roy.
The company posted its gross margin at 46.8 percent and Abhijit Roy, MD & CEO of Berger Paints, expects the expansion to continue in the first quarter of FY17.
Due to falling raw material costs, the company had taken steps to cut down the price of its products by 2-2.5 percent in FY16. However, a further cut in the prices seems unlikely, says Abhijit Roy, MD & CEO of Berger Paints.
Abhijit Roy, MD and CEO of Berger Paints, says the company's high-end products have done better than economic segment in Q3.
Abhijit Roy, MD and CEO, Berger Paints says the company has performed well domestically both in decorative and industrial segment leading to a standalone revenue growth of 7.2 percent.
The growth in third quarter is likely to better than the first two quarter of the fiscal on the back of upcoming festive season, said Abhijit Roy, MD & CEO, Berger Paints.
Abhijit Roy, MD & CEO of Berger Paints, says volume growth this quarter has been much higher than value growth.
In an interview with CNBC-TV18‘s Latha Venkatesh and Ekta Batra, Abhijit Roy, CMD, Berger Paints, discussed the company‘s fourth quarter earnings.
So far the company has derived 1.2-1.3% EBITDA to sales benefit from the drop in crude, said Abhijit Roy, Managing Director, Berger Paints.
Abhijit Roy, MD of Berger Paints gave his views on the company‘s September quarter numbers.
Although Berger Paints has been carrying some inventory, company MD Abhijit Roy sees softening in raw material prices hereon. However, not all crude derivative inputs are beneficiaries of fall in crude prices, he says.
Abhijit Roy, MD, Berger Paints dismisses immediate price hike plans given softness in input prices. Although there is no material pick-up in volumes so far, the paint company is confident of achieving margins in the range of 11-12 percent on the back of their market share having improved to current 19-20 percent.
Berger Paints‘ third quarter consolidated net profit grew 7.1 percent to Rs 82.3 crore and consolidated net sales jumped 11.8 percent to Rs 1,025 crore.