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
82%
Numeric claims
0
Consistency
—
Question ledger
Mihir Shah · Nomura
partialThis volume growth is coming on account of two, three factors. ... We are already at about 7.5%-8%. Going towards double-digit is not that difficult if the conditions do not deteriorate.
Mihir Shah · Nomura
partialI think there are two things which have happened majorly. One is, of course, the Polish division, which has been doing relatively better. ... The other part is Nepal, as you rightly mentioned. ... It is continuing to grow, and it will continue to do that right up to the third quarter of this year.
Mihir Shah · Nomura
directNo, I think it will not come to 9%-10%. It will still be elevated a little bit because we are adding manpower. ... It will be at around the 12%, 13%, probably around the 13% level rather than the 15% level that you have been seeing.
Anil Rajoshi · Research desk
partialThe market share figures that I shared with you is primarily with the listed players. ... we have still gained market share, even if we add Birla into the market share calculation. ... Margin, we have always indicated the band will be maintained at the 15%-17%. ... As far as the revenue growth is concerned, we hope to improve from current levels.
Karthik Chellappa · Indus Capital
directThe primary reason for what you see as other expenses going down, last year, if you recall, the Sandila plant had become operational. ... The advertising and promotion we have held at last year levels, we have not reduced or we have not increased substantially either.
Karthik Chellappa · Indus Capital
directKarthik, you are right. We did purchase certain items like rutile. We knew that the anti-dumping duty was coming in. We purchased some extra rutile. Similarly, in monomers also, we had got some very good rates at the end of the quarter, and we purchased some extra monomers.
Karthik Chellappa · Indus Capital
partialBirla Opus, our reading of the situation is that they have ended the year at around INR 2,000-2,100 crore net sales basis. ... factory presence does not make any difference at all. ... We should be able to hold and gain a little bit from the organized players who are there in the listed space.
Amit Purohit · Elara Capital
directIndustry growth, you can estimate yourself. I think it will be negative overall because it swings in that direction, actually, or flattish. It should be about minus one, minus two.
Amit Purohit · Elara Capital
directCapEx, we have already indicated. In this year, CapEx 2026, basically, the Hindupur plant is coming up, which is an expansion there for the solvent base. That is about INR 250 crore. Then we will initiate our Panagar operation, which is a total cost of about INR 500 crore, but the initial first year possibly will be INR 150 crore.
Mirunmay · Asit Mehta
directThere will be a volume improvement as well. The value improvement from compared to last year will be more because of the volume-value gap reducing, as you are aware that this 4.5% gap, which we were suffering from the whole of last year till the third quarter end, will not be there anymore.
Harsh Shah · Marzban Mutual Fund
directIt is spread across the entire country. ... It is mostly upcountry where you need more stronger distribution.
Parsi Panthiki · Research desk
directBoth.
