Berger Paints Q2 net seen up 28%, volume growth may be 9%

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Berger Paints' consolidated profit is expected to jump 28 percent to Rs 86 crore in July-September quarter compared to Rs 67 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

Lower depreciation & interest burden and strong operational performance supported bottomline.

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.

Analysts feel Berger Paints may see market share gains from Kansai Nerolac and Akzo.

Operating profit may rise 24.6 percent year-on-year to Rs 157 crore and margin may expand 180 basis points to 13.2 percent in quarter gone by.

Benign rutile (a mineral consists mainly titanium dioxide, TiO2) and falling crude oil prices may aid gross margin by 200 basis points in domestic business. Soft input costs may be partially offset by recent depreciation in rupee against dollar.

Analysts see delayed pick up in Becker coatings which may impact international operations. They see 4.5-5 percent growth in international operations.