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.
Roy said Q2 volume growth was high-single digits at 9 percent. We saw a blip in July due to internal software issues, he added.
He expects volumes to do better going forward.
We didn’t take a price hike in Q2 and will not take in Q3 as well, Roy mentioned. However, we will watch crude price movement closely going ahead.
Talking about business, he said we saw pick up in two-wheeler and commercial vehicle (CV) industry paint demand in October.
On acquisition front, he said Saboo Coatings acquisition has increased interest expense by a bit.
Roy added that most capex will be over and done with by end of FY19.
Watch accompanying video for more details.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
