Berger Paints’, headquartered in Kolkata disclosed that their second quarter profit will hopefully jump 32 per cent Y-o-Y to Rs 117.5 crore on overall growth. Lower depreciation and finance cost CAN also support bottomline. As per analysts, revenue during the quarter is likely to increase 12 per cent to Rs 1,309 crore as compared with Rs 1,167 crore in year-ago period. EBITDA (earnings before interest, tax, depreciation and amortization) may increase 26 per cent year-on-year to Rs 194 crore and margin may rise 120 basis points to 14.8 per cent in Q2.
High dealer buying may have seen ahead of Diwali, despite heavy rains may have impacted volume growth. Berger Paints had reduced prices in decorative business in Q4FY16, so realizations may be lower by 2-3 per cent. Its closest peers Asian Paints & Kansai Nerolac reported double digit volume growth in decorative sector.
On 2nd Nov, Berger Paints share price closed below 0.25 per cent at Rs. 260.10. The stock was trading at Rs. 261.50 and touched the days high and low at Rs. 261.50 and Rs. 255, respectively.
Berger Paints share price touched its 52 week high value at Rs. 276.80 on 12th Sep ’16 whereas the 52 week low value is seen at Rs. 152.89 on 14th Dec ’15. The Average Daily Movement of the stock is 8.22 and its average volume for last 20 days is 290311. The company has a market cap amounting to Rs. 25254.49 (Cr) and has a book value of Rs. 15.23.
Berger Paints is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Berger Paints is fundamentally strong and is safe for investment, as per Dynamic analysts. In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Berger Paints share price history.
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