Berger Paints (I) Limited: Q3 FY 2018-19 Highlights

Berger Paints India Limited, the second largest paint company in the country has presented its Q3 FY 2018-19 numbers today after market hours.

The Company’s revenues from operations, standalone basis, for the quarter ended 31st December 2018 was INR 1460.1 Cr as against INR 1206.3 Cr in the same corresponding quarter of the last year, representing an increase of 21% year-on-year basis. Revenues for last quarter (July-Sept ’18) was INR 1330.45 Cr, registering 9.75% growth QoQ basis.

EBIDTA (excluding other income) for Oct to Dec ’18 quarter was INR 209.8 Cr versus INR 198 Cr for the same period last year, showing a 6% increase YoY.

The Company’s Net Profit for the period ended 31st December 2018 was INR 119.5 Cr as against INR 111.2 Cr in the same corresponding quarter of the last year, representing an increase of 7.4% year-on-year basis. Company’s QoQ profit grew by 16.5% (INR 102.28 Cr)

Headquartered at Kolkata, Berger Paints India Limited is the 2nd largest paint company in the country with a consistent track record of being one of the fastest growing paint companies, quarter on quarter, for the past few years.

Business: With modest beginnings in India in 1923, the company are offering their customers a variety of innovative painting solutions, decorative and industrial with 10 strategically located manufacturing units and about 110 stock points. The company also has an international presence in 4 countries (Nepal, Bangladesh, Poland and Russia)

Reach: With employee strength of above 2800 and a countrywide distribution network of 25,000+ dealers, Berger Paints is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment.

License Agreements: The Company has Technical License Agreements with –

• DuPont Performance Coatings in the area of automotive coatings,
• Nippon Paint Co Ltd for new generation of automotive coatings,
• Orica Australia Pty Ltd In the area of protective coatings,
• TIGERWERK Lack-u.Farbenfabrik GmbH & C. KG, Austria for specialized powder coatings, and
• Nippon Bee Chemical Co Ltd for coating on plastic auto parts and mobile phones

Vision: To be the most admired Indian Paint & Coating Solutions Company with globally recognised competencies.

Stock Price Movement

The stock ended INR 6.65 or 2.09% higher to INR 325.40 when the market closed on Friday! During Q3 FY 2018-19, the share prices of Berger Paints India Limited has made a low of INR 260 and high of INR 345

Berger Paints on Technical Charts

The stock prices of Berger Paints (I) Ltd is trading 8% higher when compared to its 200 EMA (300) and trading marginally above when compared to its 50 EMA (319)

Average Return

The stock has given almost flat returns over the last 6 months and 25% positive returns over the last 12 months.

Berger Paints current market cap is more than INR 31500 Cr and trading at a PE ratio of 64

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