Berger Paints (I) · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
12
Answered directly
75%
Numeric claims
0
Consistency
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Question ledger
Mihir Shah · Nomura
partialTypically, Mihir, you know, sales do come back, you know, because the monsoon is unpredictable. It's difficult to guess in India, you know, when it will come and how long it will prevail. It started a bit early this time towards the end of May, which was a surprise across many markets, and it was quite intense in some parts of the country.
Mihir Shah · Nomura
directFrankly speaking, competition, as I had already always maintained, there will be some share loss, which is likely to happen for all the players, which we have seen happening in the recent past, right? Because any new player who comes in will gain some share, and that will be at the cost of the existing players.
Mihir Shah · Nomura
directNo, not at all. You have seen that we have, in fact, always said that it will be operating in the 15%- 17% range. We have been more or less towards the 17%. In fact, in the standalone, we are ahead of 17%. We are around that point only.
Avi Mehta · Macquarie
partialAs far as volume, you know, trend you have seen, you know, that we have been hovering around this 5%, 6%- 7%, 8% range. The whole of last year, we were at around, and on average, around 8%. Last quarter, quarter four of last year also, we were around that same point of 8%- 9% in terms of volume. This quarter has been a little bit lower than that at about 5.5%.
Avi Mehta · Macquarie
directNow, as far as competitive intensity is concerned, I have explained about the first player, which is, you know, who entered, you know, initially. The second, which you mentioned, JSW plus Akzo, that's, you know, still not, you know, formalized sort of. They have to, first of all, merge, or do something, or if it is standalone, if they operate just like they are doing today, I see no great changes happening in the competitive intensity.
Tejas Shah · Spark
directNo, frankly speaking, not so much. It is there more towards the economy, the primers, and lesser towards the luxury or premium luxury category. Mostly the commodity type where first, it's expected as well that where lesser branding strength is required, that is the place where one tends to have some sort of erosion initially.
Tejas Shah · Spark
directYou know, Tejas, normally in the paint business, when we are selling, we have to collect also. Otherwise, sales get stuck immediately, right? That is why the sales figure on the growth has been less. The channel inventory is fine. I don't see that getting impacted in any significant way.
Abneesh Roy · Nuvama
evasiveActually, Abneesh, you know, this Bolix business, you know, as we see it, you know, it's on a good wicket as of now, largely because, you know, it is in a domain which is basically meant for energy saving. As you know, this is an insulation business. In Europe and the U.K., the governments are promoting this, you know, in order to save energy.
Abneesh Roy · Nuvama
directThe 10% extra grammage, there has been a reduction there. I am told that earlier it was across all pack sizes. Now it's there primarily in the 20-liter pack sizes. The one and four-liter possibly has been withdrawn in many markets. That's the news which is coming back to us.
Karthik Chellappa · Indus Capital
partialKarthik, possibly for the next two, three quarters, there will be some differential between the volume and the value growth, largely because of the mix of products which is growing faster than those which are not growing as fast. ... That differential is possibly going to remain at about, say, 1.5%- 2%. It will narrow down further.
Karthik Chellappa · Indus Capital
partialIt has been, you know, we have added genuinely, you know, feet on the street as well. Since the, you know, as you see, 8%- 10% has been historically there with us. It's not as if something different is happening now. The salary increases in India, you know, the inflation has always been in excess of 5%- 6%. The increases have always been in the range of 8%- 9% on an average that, you know, we have given.
Jaykumar Doshi · Kotak Securities
directNo, they have been more or less, you know, they came in with a dealer price list which was 5% lesser in terms of pricing, you know, and schemes which were slightly higher loaded than the industry in general. I see no major changes. The schemes have become more complicated.
