Berger Paints (I) Limited — Q2 FY24
Berger Paints reported a moderate Q2 FY24 with standalone revenue growth of 2.8% YoY to ₹2,439.84 crore, impacted by extended monsoons and delayed festive season.
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY24
EBITDA margin to sustain around 17-18%
Management expects EBITDA margin to hover around 17-18% for the year, with Q1 at 18.8% seen as slightly elevated due to benign raw materials.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY24
Double-digit value growth for HTP and Public Coatings in Q2 FY24
Subsidiaries HTP and Public Coatings are expected to deliver double-digit value growth in Q2 FY24, driven by improved demand and base effects.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1