Berger Paints India Second Quarter Results Immediate Release: Berger Paints India announced its second quarter results on November 5, 2024, reporting revenue growth of 0.26% year-over-year. However, the company’s profit dropped significantly by 7.54% compared with the same period last year.
Compared with the previous quarter, Berger Paint’s revenue fell by 10.24%, and its profit dropped significantly by 23.73%. The decline has raised concerns about the company’s short-term performance and market positioning.
The company’s selling expenses, general expenses and administrative expenses increased significantly, an increase of 15.04% from the previous quarter and an increase of 16.24% from the same period last year. The increase in expenses resulted in an overall decrease in profitability.
In addition, Berger Paint’s operating income fell by 20.68% from the previous quarter and 11.66% year-on-year, and it faces challenges in maintaining operating efficiency.
Second quarter earnings per share (EPS) were $2.31, down 7.6% on the year, further demonstrating the financial difficulties the company faced during this period.
The stock has underperformed, returning -5.88% last week, 0.1% over the past six months, and -15.09% year-to-date. The numbers reflect investor concerns about the company’s financial health.
As of November 6, 2024, Berger Paints India had a market capitalization of $59,851.97 Cr, a new 52-week high $629.5 and minimum $439. The volatility in share prices highlights the challenges faced by companies in the current market environment.
Of the 19 analysts covering Berger Paints, sentiment is primarily negative, with 4 assigning a Strong Sell rating, 8 recommending Sell, 3 recommending Hold, and 3 recommending Buy , only 1 analyst has assigned it a Strong Buy rating. As of November 6, 2024, the consensus recommendation is SELL.
Berger Paints India Financials
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 2774.61 | 3091.01 | -10.24% | 2767.3 | +0.26% |
| Total Selling/General/Administrative Expenses | 221.13 | 192.22 | +15.04% | 190.24 | +16.24% |
| Depreciation/amortization | 88.98 | 87.21 | +2.03% | 82.87 | +7.37% |
| total operating expenses | 2429.41 | 2655.81 | -8.52% | 2376.52 | +2.23% |
| operating income | 345.2 | 435.2 | -20.68% | 390.78 | -11.66% |
| net income before tax | 358.15 | 465.98 | -23.14% | 388.81 | -7.89% |
| net income | 269.66 | 353.56 | -23.73% | 291.64 | -7.54% |
| Diluted normalized earnings per share | 2.31 | 3.03 | -23.76% | 2.5 | -7.6% |
