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
3
Consistency
contradicted
Question ledger
Aniruddha Joshi · ICICI Securities Ltd
evasiveTo answer your first question about what can we do about Akzo, first of all, Akzo has not made its intention clear as yet ... It's all up in the air as of now. ... As far as the second question is concerned on the gross margin front, the paint industry has always been very, very competitive. ... We believe that we should be able to therefore carry on with our margins.
Aditya Bhartia · Investec
directThese urban markets, specifically more so in the key metros, we have had a very weak presence. ... The objective is to have a much higher presence in these markets. ... We have got a separate team now ... The strategic change calls for a different type of thinking as well. ... We have initiated some of these changes already, and we should see positive action ... in the quarter three, partly, and quarter four, slightly more.
Aditya Bhartia · Investec
partialThis was in the Bolix subsidiary that we had in the UK. There was a project which was going on in which partial completion of the job had happened. ... And then there was a little bit of a dispute with the party concerned. And hence, the partially booked revenue had to be reversed.
Mihir Shah · Nomura Securities
directWe see it improving in quarter three. Quarter four, it will be improving further. As far as quarter three is concerned, we will possibly be close to the double-digit volume growth rate. My expectation is between 7%-10%, anywhere in that range for the volume growth. In the fourth quarter, there will be definite double-digit volume growth.
Mihir Shah · Nomura Securities
directI think that fear is built up too much, I would say, in the minds of the analysts much more. I do not see that as a big fear existing. ... one player has come. If another player goes away, so we are back to the normal levels of four major players in the marketplace, one getting replaced by another. ... It's a healthy, good competition.
Mrunmayee Jogalekar · Asit C. Mehta Investment Intermediates Ltd
partialWe want to improve it in the short run to about 12%-12.5%. In two and a half to three years, we should be around 15% in these markets. ... As far as manpower is concerned, ... it's difficult for me to quantify exactly because that figure will keep changing as the months progress.
Karthik Chellappa · Indus Capital Advisors
directThis has got narrowed down to 4%. A part of it is 1% is coming out of the price increases that we have taken this quarter too. The rest is primarily due to the mix change which has happened. ... we have deliberately gone negative in putty this quarter because we found the prices very challenging.
Karthik Chellappa · Indus Capital Advisors
evasiveThis is a market feedback that we keep taking from various. We have our own way of getting it. ... My understanding is that in terms of top line, we would have done better than most of the companies, at least the industry, whatever is the average, we would have done better than that.
Amit Purohit · Elara Securities
directMy guess estimate will be it will be probably around -1%-1.5% overall for the industry in terms of value growth. Volume is anyone's guess because it depends on the mix of products that you have.
Avi Mehta · Macquarie Capital
directAs of now, they are just establishing themselves. There is a little bit of a price differential which was always there. It has gone up marginally because we took up a price increase of 2%-2.5%. ... There has been no pushback from the retailers asking for a higher discount.
Abneesh Roy · Nuvama Wealth
directWe feel that it has happened in the time of COVID also. Demand always in paints doesn't get destroyed. It gets postponed, as you rightly said. And we expect that this postponed demand to come up. ... we did see that in October, there was a very good traction.
Jaykumar Doshi · Kotak Securities
directOur expectation is that it will add a little bit more push to the overall differential growth. ... a little bit of tapering might happen in the upcountry growth rate differentials, but that will be more than made up for by the urban growth rates now, which will kick off.
