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
79%
Numeric claims
2
Consistency
mixed
Question ledger
Mihir Shah · Nomura
partialThere is some impact, but obviously, the volume growth was improving month-on-month... In quarter one as well, there have been actually three price increases, and the fourth one is coming up on the 15th of May for us. There will be healthy growth, you know, in quarter one as well.
Mihir Shah · Nomura
directSecondary sales had improved... If we saw, say, 11.5% or 12% approximately in terms of volume growth, then I would say that the secondary would be around 8%-9% and 3%-4% would have been the bunching up of purchasing due to the price increases.
Mihir Shah · Nomura
partialMore or less whatever has been the raw material price increase so far... we are more or less covered. Except for solvents... almost every other product category is more than adequately covered... I don't see any major impact in the profitability that way.
Mihir Shah · Nomura
evasiveIt's a difficult question to answer... It's a mixed equation, very difficult to project at this stage what will happen. We assume that it will be a fairly decent volume growth in spite of all of these challenges.
Avi Mehta · Macquarie Capital Securities
directThe price increase that we have taken is about 11%-12%, depending on the mix... Now, in terms of what will happen to the volume-value equation, this time it will reverse... the value growth will be higher than the volume growth.
Percy Panthaki · IIFL Capital
directEarlier in previous records we have studied, whenever these price increases have happened... the prices do go up, and then one and a half years down the line, it tends to slide downwards... I think given the current inflationary situation... this type of inflation can be absorbed.
Percy Panthaki · IIFL Capital
directIt's about 22%-23%, and that's more or less covered through the price increase.
Abneesh Roy · Nuvama Institutional Equities
directIt is double-digit, actually... Last two years, especially last year, have been weak year in West Bengal... We expect that this time there will be significant growth coming out of West Bengal.
Abneesh Roy · Nuvama Institutional Equities
directCompetitive intensity—why I've said that is because it is still quite strong... Our spends remain at our market share, sort of, which is 20%... We have always maintained our share of voice at a similar level to our share of market.
Speaker 11 · Research desk
directYes, you are right. It will have an impact slightly on the gross margin... It will still possibly have a slow 1.5% impact on the gross margin, but that will get neutralized in the EBITDA margin because of the scale efficiency.
Aditya Bhartia · Investec Capital Services
directNo, we stick to that 15%-17%. You know, like this quarter, we did exceed that. You know, we went up to 18.3%... Sometimes when it goes up consistently... we will spend more on advertisement and brand building.
Jaykumar Doshi · Kotak Securities
partialYes. That is right. Similar.
