- Berger Paints reported a net income of 3.54 billion rupees for 1Q 2024.
- This net income is the same as 1Q 2023 and beat the estimate of 3.44 billion rupees.
- The company’s revenue for the quarter was 30.9 billion rupees, showing a 2% year-over-year increase.
- This revenue figure fell short of the estimated 31.32 billion rupees.
- Total costs for the quarter rose by 3.9% year-over-year, reaching 26.7 billion rupees.
- EBITDA was reported at 5.22 billion rupees, marking a 6.3% decrease from the previous year and below the estimate of 5.49 billion rupees.
- CEO Abhijit Roy mentioned double-digit volume growth and the highest market share gain in a single quarter.
- Analyst recommendations include 3 buys, 5 holds, and 15 sells.
Berger Paints India on Smartkarma
Analyst coverage of Berger Paints India on Smartkarma is leaning towards a bearish sentiment, as highlighted by Brian Freitas in his report titled “NIFTY100 Low Volatility 30 Index Rebalance Preview: Four Changes in September.” The report discusses potential constituent changes, volatility adjustments, and capping modifications that could lead to a significant turnover and trade volume. Freitas points out that the review period for the Nifty 100 Low Volatility 30 Index concludes in August, with announcements expected in mid-September and implementation by the end of September. Notably, three out of the four potential deletions are attributed to changes in the index universe, triggering selling pressure from other passive trackers as well.
A look at Berger Paints India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Berger Paints India shows a promising long-term outlook. With a score of 4 for Resilience, the company demonstrates a strong ability to withstand economic challenges and maintain stability over time. This indicates a solid foundation that can help Berger Paints India navigate fluctuations in the market.
Additionally, its scores of 3 for Dividend and Growth reflect a balanced approach to rewarding shareholders and investing in expansion opportunities. While there is room for improvement in the Value and Momentum categories with scores of 2, the overall outlook for Berger Paints India appears optimistic, positioning the company well for sustained growth in the paint manufacturing industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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