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Berger Paints: Q1 makes its mark, but don't run after the stock

Berger looks to keep its focus completely on paints, waterproofing and construction chemicals

August 18, 2022 / 02:46 PM IST
Berger Paints: Q1 makes its mark, but don't run after the stock

Kansai Nerolac Paints: Kansai Nerolac Paints Q1 profit grows 36.5% YoY to Rs 152 crore despite increase in input cost. Revenue grows 46%. The company reported a 36.5% YoY growth in consolidated profit at Rs 152 crore in the quarter ended June 2022 despite sharp increase in input cost, supported by operating performance and top line. Revenue grew by 46% YoY to Rs 2,051.40 crore during the same period.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Concerns about high commodity inflation, weakening demand and intensifying competition have taken the lustre away from paint stocks in recent months. Still, Berger Paints reported a surprisingly good performance in Q1FY23. Key takeaways Berger’s revenues for the April-June 2022 period rose to Rs 2,760 crore, an increase of 53 percent year on year (YoY) on account of a low base. Volumes in the decorative paint business jumped 35 percent YoY. Meanwhile, staggered price increases (over the past 18 months) also had a...

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