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Net Sales are expected to decrease by 5.5 percent Q-o-Q (up 7.5 percent Y-o-Y) to Rs 1224.8 crore, according to ICICI Securities. Berger Paints to report net profit at 91.8 crore down 15.8% quarter-on-quarter.
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.
According to Sanjiv Bhasin of IIFL there is a lot of pessimism around the third quarter earnings but he expects banks to be in a sweet spot.
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.
Kolkata-headquartered Berger Paints' second quarter profit is likely to jump 32 percent year-on-year to Rs 117.5 crore on overall growth. Lower depreciation and finance cost may also support bottomline.
Sales are expected to increase by 9.2 percent Q-o-Q (up 10.0 percent Y-o-Y) to Rs 1233.3 crore, according to ICICI Securities.
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.
Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) may grow 30.6 percent to Rs 158 crore and margin may expand 260 basis points to 14.2 percent YoY.
Abhijit Roy, MD and CEO of Berger Paints, says the company's high-end products have done better than economic segment in Q3.
Operating profit (earnings before interest, tax, depreciation and amortisation) in Q3 is likely to jump 20.9 percent to Rs 180 crore and margin may expand 120 basis points to 14.5 percent compared to year-ago period.
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.
Revenue is seen rising 7.8 percent to Rs 1,190 crore compared to Rs 1,104 crore in same period. Analysts expect 9 percent volume growth in domestic markets, driven by advertised products and traction in economy segment.
Abhijit Roy, MD & CEO of Berger Paints, says volume growth this quarter has been much higher than value growth.
Operating profit (earnings before interest, tax, depreciation and amortisation) may climb 18 percent year-on-year to Rs 135 crore and margin may expand 100 basis points to 11.8 percent in the quarter gone by.
In an interview with CNBC-TV18‘s Latha Venkatesh and Ekta Batra, Abhijit Roy, CMD, Berger Paints, discussed the company‘s fourth quarter earnings.
Berger Paints's fourth quarter consolidated profit after tax may jump 29.7 percent year-on-year to Rs 71.8 crore, according to a CNBC-TV18 poll. Total income is seen rising 8.4 percent to Rs 1,047 crore from Rs 966 crore during the same period.
Berger Paints' third quarter consolidated profit after tax is expected to jump 25.4 percent year-on-year to Rs 103 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Abhijit Roy, MD of Berger Paints gave his views on the company‘s September quarter numbers.
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.
Volume growth is likely to be at around 9-10 percent year-on-year, driven partly by filling in of the dealer channel due to price increases and sales push due to Diwali being sooner by 2 weeks in FY14. Volume growth was around 3 percent in Q2FY13.
Analysts on an average expect Berger Paints' volume increase of 4-6 percent and price growth of 2-3 percent Y-o-Y. They also expect premium emulsions to increase share in revenues.
Despite posting a lower-than-expected profit for Q4, Berger Paints is hopeful of achieving reasonable decorative business volume growth going forward.
Berger Paints has announced its fourth quarter results. In an interview with CNBC-TV18, Subir Bose, MD, Berger Paints says, the last quarter has been a good quarter for the company. He further says the company has increased its on May 1. “We are increasing our prices again on June 1,” he adds.