External broker reports(aggregated public sources), Chola Securities

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Chola Securities is a wealth management company offering investment solutions to individual clients and stock broking and equity advisory services to institutional investors

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Background: Berger Paints is the second largest decorative paint company in India. The Company operates seven manufacturing facilities spread across India, and four overseas manufacturing facilities. The company has second largest distribution network of ~11,500 active dealers and ~12,000 tinting machines. Berger has a strong presence in East and North India, which accounts for 60% of its distribution network while South &amp; West India accounts for 40% of distribution network.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Background: Berger Paints is the second largest decorative paint company in India. The Company operates seven manufacturing facilities spread across India, and four overseas manufacturing facilities. The company has second largest distribution network of ~11,500 active dealers and ~12,000 tinting machines. Berger has a strong presence in East and North India, which accounts for 60% of its distribution network while South &amp; West India accounts for 40% of distribution network.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Berger Paints India

EARNINGS UPDATE- BERGER PAINTS 4QFY21