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
11
Answered directly
77%
Numeric claims
0
Consistency
—
Question ledger
Aniruddh Joshi · Research desk
directI don't think there is any material impact on where the factory starts its production because they have enough production capacity. ... Our estimate is that Birla has got about, on a YTD basis, about 3.5% of the market, right? ... In our case, our impact is slightly lesser than the 3.5%.
Aniruddh Joshi · Research desk
directNo, I've given media statements already that it doesn't, as of now, doesn't fit in strategically with what we think of doing, and we have therefore not bid for this for the time being.
Aniruddh Joshi · Research desk
partialThe competitive intensity is already there. Nothing much has changed in the overall scenario. I don't think any significant change will happen in the future. It will remain possibly in that band of 15%-17%.
Mihir Shah · Nomura
directIn our case, I think the divergence is coming out of two factors primarily. Distribution expansion, which is happening at a very good pace, I would say. And the second is the urban initiative that we have undertaken.
Mihir Shah · Nomura
directSo actually, this quarter, every year, the premium sales and the luxury category sells very well. ... The growth rate has been very limited as far as this exterior category or premium category or luxury category is concerned. ... the volume value gap ... part of it is price decrease ... 4%-5% is due to the price decrease ... 2%-2.5% distortion because of tile adhesive and texture coatings.
Mihir Shah · Nomura
directYes. Sequentially, there is an improvement for sure. ... We are at 7.4% or something in volume. I expect that we will possibly go up more towards the double-digit figure in terms of volume growth.
Ajay Thakur · Research desk
evasiveI haven't mentioned. These guys can write anything. ... As of now, I would just say that it doesn't have a strategic fit. The value benefit equation doesn't fit in with our requirements. So we are not therefore a serious contender in this race as of now.
Ajay Thakur · Research desk
evasiveSo you can do that math. It's very simple math. I don't think I need to say anything on that. Obviously, there will be the net sum is 100%, right? If someone gains, someone has to lose. We are not losing.
Amit Roy · Research desk
directQ4 possible. Possible that volume terms, it might be in high single digits. Value terms, I don't think so as far as the industry is concerned.
Karthik Chellappa · Indus Capital
partialSo there are many areas where we had opportunities to save, and I think we still have opportunities to save. These are costs which are of the nature which are non-essential, I would say. ... The overheads have been reduced to a large extent. Some amount of technology has been brought in.
Karthik Chellappa · Indus Capital
directNo, it's more or less spread across most parts of the country. One or two areas did not do all that great. Like the West, we struggled a bit this quarter. But otherwise, most other locations, we had decent growth.
Tejas Shah · Research desk
partialIn those markets, we are growing at a faster pace than the normal growth rate, obviously, at a substantially faster because its base is very low. ... The health of the inventory. So sustenance, we are more or less because we have managed to create secondary sales demand for liquidating the stock. And therefore, the inventory, in fact, it is quite dry.
