Berger Paints India
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May 12 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA LTD MARCH-QUARTER CONSOL NET PROFIT 3.35 BILLION RUPEES
BERGER PAINTS INDIA LTD - DIVIDEND 4 RUPEES PER SHARE
BERGER PAINTS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 28.68 BILLION RUPEES
BERGER PAINTS INDIA - RE-APPOINTMENT OF ABHIJIT ROY AS MANAGING DIRECTOR CEO
Source text: ID:nnAZN4SVPLN
Further company coverage: BRGR.NS
(([email protected];))
May 12 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA LTD MARCH-QUARTER CONSOL NET PROFIT 3.35 BILLION RUPEES
BERGER PAINTS INDIA LTD - DIVIDEND 4 RUPEES PER SHARE
BERGER PAINTS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 28.68 BILLION RUPEES
BERGER PAINTS INDIA - RE-APPOINTMENT OF ABHIJIT ROY AS MANAGING DIRECTOR CEO
Source text: ID:nnAZN4SVPLN
Further company coverage: BRGR.NS
(([email protected];))
Feb 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q3 CONSOL NET PROFIT 2.71 BILLION RUPEES
BERGER PAINTS INDIA Q3 CONSOL REVENUE FROM OPERATIONS 29.84 BILLION RUPEES
Source: https://nsearchives.nseindia.com/corporate/PAINTBERGE_05022026153410_REsullt0502Final_merged.pdf
Further company coverage: BRGR.NS
(([email protected];))
Feb 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q3 CONSOL NET PROFIT 2.71 BILLION RUPEES
BERGER PAINTS INDIA Q3 CONSOL REVENUE FROM OPERATIONS 29.84 BILLION RUPEES
Source: https://nsearchives.nseindia.com/corporate/PAINTBERGE_05022026153410_REsullt0502Final_merged.pdf
Further company coverage: BRGR.NS
(([email protected];))
Feb 4 (Reuters) - Berger Paints India Ltd BRGR.NS:
STARTS COMMERCIAL PRODUCTION AT HINDUPUR FACILITY
HINDUPUR FACILITY EXPECTED TO REDUCE PRODUCTION COSTS
Source text: ID:nNSE4jl5bM
Further company coverage: BRGR.NS
(([email protected];))
Feb 4 (Reuters) - Berger Paints India Ltd BRGR.NS:
STARTS COMMERCIAL PRODUCTION AT HINDUPUR FACILITY
HINDUPUR FACILITY EXPECTED TO REDUCE PRODUCTION COSTS
Source text: ID:nNSE4jl5bM
Further company coverage: BRGR.NS
(([email protected];))
Updates with details and background
Jan 27 (Reuters) - Asian Paints ASPN.NS, India's largest paintmaker by market share, reported a surprise profit drop on Tuesday, as a one-time charge tied to the country's new labour laws outweighed strong volume growth in its mainstay decorative paint segment.
The Mumbai-based company posted a consolidated net profit of 10.60 billion rupees ($115.61 million) in the three-month period ended December 31.
Analysts, on average, had expected a profit of 12 billion rupees, according to LSEG-compiled data. The company's profit came in at 11.10 billion rupees in the year-ago period.
Shares of the paintmaker extended losses after the results, last trading 3% lower.
The company took a one-time charge worth 1.58 billion rupees, which included exceptional expenses tied to India's new labour laws and certain impairment losses.
Domestic sales volumes of decorative paints grew 7.9% in the reported quarter, in line with a 5%-11% growth range modelled by analysts from at least six brokerages.
The company earns nearly 90% of its revenue from domestic sales of decorative paints, primarily used by retail consumers for household painting.
Despite challenges like an extended monsoon season during the reported quarter, analysts expected Asian Paints to outperform smaller rivals such as Berger Paints BRGR.NS and Kansai Nerolac KANE.NS.
This optimism was supported by a low base of 1.6% volume growth in the quarter ended December 2024 and expectations that subdued inflation and consumer tax cuts will boost retail discretionary spending.
The paintmaker, however, last year faced its weakest demand in decades, as consumers opted for cheaper brands amid the rising cost-of-living crisis. Competition intensified when new entrant Birla Opus ramped up production and offered discounts, sparking price wars.
The company's revenue from operations rose 3.7% to 88.67 billion rupees in the reported quarter, below analysts' average expectation of 90.46 billion rupees.
In the quarter ended December 2024, revenue had fallen 6% year-on-year.
($1 = 91.6837 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)
(([email protected]; X: @MukherjeeHritam;))
Updates with details and background
Jan 27 (Reuters) - Asian Paints ASPN.NS, India's largest paintmaker by market share, reported a surprise profit drop on Tuesday, as a one-time charge tied to the country's new labour laws outweighed strong volume growth in its mainstay decorative paint segment.
The Mumbai-based company posted a consolidated net profit of 10.60 billion rupees ($115.61 million) in the three-month period ended December 31.
Analysts, on average, had expected a profit of 12 billion rupees, according to LSEG-compiled data. The company's profit came in at 11.10 billion rupees in the year-ago period.
Shares of the paintmaker extended losses after the results, last trading 3% lower.
The company took a one-time charge worth 1.58 billion rupees, which included exceptional expenses tied to India's new labour laws and certain impairment losses.
Domestic sales volumes of decorative paints grew 7.9% in the reported quarter, in line with a 5%-11% growth range modelled by analysts from at least six brokerages.
The company earns nearly 90% of its revenue from domestic sales of decorative paints, primarily used by retail consumers for household painting.
Despite challenges like an extended monsoon season during the reported quarter, analysts expected Asian Paints to outperform smaller rivals such as Berger Paints BRGR.NS and Kansai Nerolac KANE.NS.
This optimism was supported by a low base of 1.6% volume growth in the quarter ended December 2024 and expectations that subdued inflation and consumer tax cuts will boost retail discretionary spending.
The paintmaker, however, last year faced its weakest demand in decades, as consumers opted for cheaper brands amid the rising cost-of-living crisis. Competition intensified when new entrant Birla Opus ramped up production and offered discounts, sparking price wars.
The company's revenue from operations rose 3.7% to 88.67 billion rupees in the reported quarter, below analysts' average expectation of 90.46 billion rupees.
In the quarter ended December 2024, revenue had fallen 6% year-on-year.
($1 = 91.6837 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)
(([email protected]; X: @MukherjeeHritam;))
Aug 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA - SEE GRADUAL IMPROVEMENT IN DEMAND, WITH EARLY MOMENTUM IN URBAN MARKETS
Source text: ID:nBSE1VZ3tZ
Further company coverage: BRGR.NS
(([email protected];))
Aug 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA - SEE GRADUAL IMPROVEMENT IN DEMAND, WITH EARLY MOMENTUM IN URBAN MARKETS
Source text: ID:nBSE1VZ3tZ
Further company coverage: BRGR.NS
(([email protected];))
JSW Paints to become 4th largest in India by market share
Deal valued at $1.6 billion, including debt
Akzo Nobel India shares rise over 11%
Akzo Nobel to get 900 million euros from deal, launch buyback
Recasts, adds detail on industry, market share, analyst comments
By Hritam Mukherjee and Manvi Pant
BENGALURU, June 27 (Reuters) - JSW Paints will buy Dutch paint maker Akzo Nobel's AKZO.AS Indian arm for about $1.6 billion, in what will be the country's biggest deal yet in the sector as competition intensifies between established players and new entrants.
The deal comes as challenges for Indian paint makers mount, including volatile raw material costs and heightened competition, with billionaire Kumar Mangalam Birla's entry into the sector last year eating into Asian Paints' market share.
Dulux Paint-owner Akzo Nobel had announced a review of its South Asia operations last year to rein in costs and boost its core coatings business.
Shares of Akzo Nobel India jumped more than 11% after the deal was announced, and were trading 7.6% higher in Mumbai at around 0830 GMT.
India's paint and coatings market is expected to reach $16.37 billion in size by 2030, Mordor Intelligence estimates, from $10.46 billion in 2025, driven by a boom in infrastructure and real estate development.
The deal, which includes debt, will be the Indian paint sector's biggest deal on record, Dealogic data showed.
JSW Paints, launched in 2019 and part of the $23 billion JSW Group, will buy a 74.76% stake in Akzo Nobel India for $1.05 billion and launch an open offer for the roughly 25% held by public shareholders.
Parent Akzo Nobel, the fourth-largest paint maker in the world by market capitalisation behind PPG, Nippon Paint 4612.T and Sherwin-Williams SHW.N, will continue to retain its research and development centre and powder coatings business in India.
GROWING COMPETITION
Once completed, the deal will propel JSW Paints to fourth place by market share in a sector dominated by Asian Paints ASPN.NS, Berger Paints BRGR.NS and Kansai Nerolac KANE.NS, according to Geojit Financial Services analyst Antu Thomas.
Birla-owned Grasim launched Birla Opus in 2024, crowding the already-competitive market. Birla has since filed an antitrust complaint against Asian Paints for allegedly abusing its market position, Reuters has reported.
In 2022, the competition regulator closed a case filed by JSW Paints against Asian Paints for abusing its market position, saying it found no breach of competition laws.
"While this acquisition offers JSW Paints a significant scale-up opportunity, near-term integration challenges could provide an opportunity for incumbent players to strengthen their market position in the luxury segment," Amit Purohit, vice president at Elara Capital said.
Akzo Nobel is likely to rake in 900 million euros in net proceeds and plans to launch a 400 million euro share buyback program after the deal's closing, which is expected in the fourth quarter of 2025.
(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Additional reporting by Dimitri Rhodes; Editing by Mrigank Dhaniwala, Vijay Kishore, Aditya Kalra and Rachna Uppal)
(([email protected]; X: @MukherjeeHritam;))
JSW Paints to become 4th largest in India by market share
Deal valued at $1.6 billion, including debt
Akzo Nobel India shares rise over 11%
Akzo Nobel to get 900 million euros from deal, launch buyback
Recasts, adds detail on industry, market share, analyst comments
By Hritam Mukherjee and Manvi Pant
BENGALURU, June 27 (Reuters) - JSW Paints will buy Dutch paint maker Akzo Nobel's AKZO.AS Indian arm for about $1.6 billion, in what will be the country's biggest deal yet in the sector as competition intensifies between established players and new entrants.
The deal comes as challenges for Indian paint makers mount, including volatile raw material costs and heightened competition, with billionaire Kumar Mangalam Birla's entry into the sector last year eating into Asian Paints' market share.
Dulux Paint-owner Akzo Nobel had announced a review of its South Asia operations last year to rein in costs and boost its core coatings business.
Shares of Akzo Nobel India jumped more than 11% after the deal was announced, and were trading 7.6% higher in Mumbai at around 0830 GMT.
India's paint and coatings market is expected to reach $16.37 billion in size by 2030, Mordor Intelligence estimates, from $10.46 billion in 2025, driven by a boom in infrastructure and real estate development.
The deal, which includes debt, will be the Indian paint sector's biggest deal on record, Dealogic data showed.
JSW Paints, launched in 2019 and part of the $23 billion JSW Group, will buy a 74.76% stake in Akzo Nobel India for $1.05 billion and launch an open offer for the roughly 25% held by public shareholders.
Parent Akzo Nobel, the fourth-largest paint maker in the world by market capitalisation behind PPG, Nippon Paint 4612.T and Sherwin-Williams SHW.N, will continue to retain its research and development centre and powder coatings business in India.
GROWING COMPETITION
Once completed, the deal will propel JSW Paints to fourth place by market share in a sector dominated by Asian Paints ASPN.NS, Berger Paints BRGR.NS and Kansai Nerolac KANE.NS, according to Geojit Financial Services analyst Antu Thomas.
Birla-owned Grasim launched Birla Opus in 2024, crowding the already-competitive market. Birla has since filed an antitrust complaint against Asian Paints for allegedly abusing its market position, Reuters has reported.
In 2022, the competition regulator closed a case filed by JSW Paints against Asian Paints for abusing its market position, saying it found no breach of competition laws.
"While this acquisition offers JSW Paints a significant scale-up opportunity, near-term integration challenges could provide an opportunity for incumbent players to strengthen their market position in the luxury segment," Amit Purohit, vice president at Elara Capital said.
Akzo Nobel is likely to rake in 900 million euros in net proceeds and plans to launch a 400 million euro share buyback program after the deal's closing, which is expected in the fourth quarter of 2025.
(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Additional reporting by Dimitri Rhodes; Editing by Mrigank Dhaniwala, Vijay Kishore, Aditya Kalra and Rachna Uppal)
(([email protected]; X: @MukherjeeHritam;))
Feb 11 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q3 CONSOL NET PROFIT 2.95 BILLION RUPEES; IBES EST. 2.91 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 29.75 BILLION RUPEES; IBES EST. 29.52 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
Feb 11 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q3 CONSOL NET PROFIT 2.95 BILLION RUPEES; IBES EST. 2.91 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 29.75 BILLION RUPEES; IBES EST. 29.52 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
Rewrites with management commentary from post-earnings call
By Hritam Mukherjee
Feb 7 (Reuters) - Akzo Nobel India AKZO.NS said on Friday it expects the demand for paints to recover from the second half of the year after the effects of the federal budget's consumption-boosting proposals filter through essential items before influencing discretionary purchases.
Last week, the government dished out its biggest income tax relief in at least a decade, hoping that higher disposable incomes would boost demand and consumption, thereby lifting the economy.
However, the effects of that on the demand for discretionary items such as paints will only start from the second half of this year, Akzo Nobel Chairman and Managing Director Rajiv Rajgopal said in a post-earnings call.
Earlier in the day, the 'Dulux' paintmaker reported a 5% fall in consolidated third-quarter net profit to 1.09 billion rupees ($12.47 million) as its 2% increase in its revenue was outweighed by a 2.3% rise in expenses.
Paintmakers saw weak demand from retail consumers who are choosing cheaper brands in the face of high inflation, analysts say and demand forecasts by paint companies have been mixed so far.
While market leader Asian Paints ASPN.NS missed earnings estimates and issued a grim demand outlook, Kansai Nerolac KANE.NS said it also expects the lower income tax rates to increase demand.
Akzo Nobel India's larger peers, Grasim Industries GRAS.NS and Berger Paints BRGR.NS, are due to report their results next week.
AKZO INDIA Q3 https://tmsnrt.rs/4hLB6zg
(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)
(([email protected]; Twitter: @MukherjeeHritam;))
Rewrites with management commentary from post-earnings call
By Hritam Mukherjee
Feb 7 (Reuters) - Akzo Nobel India AKZO.NS said on Friday it expects the demand for paints to recover from the second half of the year after the effects of the federal budget's consumption-boosting proposals filter through essential items before influencing discretionary purchases.
Last week, the government dished out its biggest income tax relief in at least a decade, hoping that higher disposable incomes would boost demand and consumption, thereby lifting the economy.
However, the effects of that on the demand for discretionary items such as paints will only start from the second half of this year, Akzo Nobel Chairman and Managing Director Rajiv Rajgopal said in a post-earnings call.
Earlier in the day, the 'Dulux' paintmaker reported a 5% fall in consolidated third-quarter net profit to 1.09 billion rupees ($12.47 million) as its 2% increase in its revenue was outweighed by a 2.3% rise in expenses.
Paintmakers saw weak demand from retail consumers who are choosing cheaper brands in the face of high inflation, analysts say and demand forecasts by paint companies have been mixed so far.
While market leader Asian Paints ASPN.NS missed earnings estimates and issued a grim demand outlook, Kansai Nerolac KANE.NS said it also expects the lower income tax rates to increase demand.
Akzo Nobel India's larger peers, Grasim Industries GRAS.NS and Berger Paints BRGR.NS, are due to report their results next week.
AKZO INDIA Q3 https://tmsnrt.rs/4hLB6zg
(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru; Editing by Savio D'Souza)
(([email protected]; Twitter: @MukherjeeHritam;))
Jan 7 (Reuters) -
BERGER PAINTS ACTIVELY LOOKING TO BUY AKZO NOBEL'S INDIA STAKE - CNBC TV18, CITING SOURCES
AKZO NOBEL'S PROMOTERS LOOK TO EXIT INDIA MARKET WITH SALE OF THEIR 74.6% STAKE; DEAL VALUE EXPECTED TO BE AROUND 100 BILLION -120 BILLION RUPEES - CNBC TV18
Source text: https://tinyurl.com/4tuwrxvc
(([email protected];))
Jan 7 (Reuters) -
BERGER PAINTS ACTIVELY LOOKING TO BUY AKZO NOBEL'S INDIA STAKE - CNBC TV18, CITING SOURCES
AKZO NOBEL'S PROMOTERS LOOK TO EXIT INDIA MARKET WITH SALE OF THEIR 74.6% STAKE; DEAL VALUE EXPECTED TO BE AROUND 100 BILLION -120 BILLION RUPEES - CNBC TV18
Source text: https://tinyurl.com/4tuwrxvc
(([email protected];))
Nov 14 (Reuters) - India's Grasim Industries GRAS.NS reported a lower second-quarter adjusted profit on Thursday, dragged down by poor demand in its paints division due to higher-than-usual monsoon rainfall.
The company, which also has chemicals and yarns businesses, reported a profit before exceptional items of 7.71 billion rupees ($91.4 million) in the three months ending Sept. 30, down 3% from a year ago.
Grasim's standalone numbers exclude earnings of its units UltraTech Cement ULTC.NS and Aditya Birla Capital ADTB.NS.
The company's paints division, launched earlier this year under the Birla Opus brand, has hurt its margins as the company continues to invest in the business.
Moreover, paint makers saw weak demand as the country saw above-average monsoon rainfall during the quarter, which impacted sales.
Grasim's revenue rose about 18% to 76.23 billion rupees for the quarter.
Its total expenses surged 26% to 78.65 billion rupees, causing Grasim's margins on earnings before interest, tax, depreciation and amortization to contract to 18% from 19% a year earlier.
Rivals Asian Paints ASPN.NS, Berger Paints India BRGR.NS and Kansai Nerolac Paints KANE.NS, all experienced a slump in profit, hurt by muted demand due to heavy monsoons.
($1 = 84.3970 Indian rupees)
(Reporting by Ashna Teresa Britto and Kashish Tandon in Bengaluru; Editing by Vijay Kishore)
(([email protected];))
Nov 14 (Reuters) - India's Grasim Industries GRAS.NS reported a lower second-quarter adjusted profit on Thursday, dragged down by poor demand in its paints division due to higher-than-usual monsoon rainfall.
The company, which also has chemicals and yarns businesses, reported a profit before exceptional items of 7.71 billion rupees ($91.4 million) in the three months ending Sept. 30, down 3% from a year ago.
Grasim's standalone numbers exclude earnings of its units UltraTech Cement ULTC.NS and Aditya Birla Capital ADTB.NS.
The company's paints division, launched earlier this year under the Birla Opus brand, has hurt its margins as the company continues to invest in the business.
Moreover, paint makers saw weak demand as the country saw above-average monsoon rainfall during the quarter, which impacted sales.
Grasim's revenue rose about 18% to 76.23 billion rupees for the quarter.
Its total expenses surged 26% to 78.65 billion rupees, causing Grasim's margins on earnings before interest, tax, depreciation and amortization to contract to 18% from 19% a year earlier.
Rivals Asian Paints ASPN.NS, Berger Paints India BRGR.NS and Kansai Nerolac Paints KANE.NS, all experienced a slump in profit, hurt by muted demand due to heavy monsoons.
($1 = 84.3970 Indian rupees)
(Reporting by Ashna Teresa Britto and Kashish Tandon in Bengaluru; Editing by Vijay Kishore)
(([email protected];))
Nov 11 (Reuters) - India's Asian Paints ASPN.NS fell as much as 9.3% on Monday, after it reported a second-quarter net profit on Saturday that nearly halved and a volume growth that disappointed some analysts.
The second-quarter results were a miss with sales below industry peers, said Macquarie.
The company's sales volumes, which declined 0.5%, were weaker than that of other large peers such as Berger Paints' BRGR.NS 3.6% rise and Kansai Nerolac's KANE.NS 4% overall volume growth, said Morgan Stanley.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; X: @MukherjeeHritam;))
Nov 11 (Reuters) - India's Asian Paints ASPN.NS fell as much as 9.3% on Monday, after it reported a second-quarter net profit on Saturday that nearly halved and a volume growth that disappointed some analysts.
The second-quarter results were a miss with sales below industry peers, said Macquarie.
The company's sales volumes, which declined 0.5%, were weaker than that of other large peers such as Berger Paints' BRGR.NS 3.6% rise and Kansai Nerolac's KANE.NS 4% overall volume growth, said Morgan Stanley.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; X: @MukherjeeHritam;))
Nov 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q2 CONSOL NET PROFIT 2.7 BILLION RUPEES; IBES EST. 2.84 BILLION RUPEES
BERGER PAINTS INDIA Q2 CONSOL REVENUE FROM OPERATIONS 27.75 BILLION RUPEES; IBES EST. 28.37 BILLION RUPEES
BERGER PAINTS - EXPECT 2ND HALF OF YEAR TO BE BETTER IN TERMS OF REVENUE, PROFITABILITY
Further company coverage: BRGR.NS
(([email protected];))
Nov 5 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q2 CONSOL NET PROFIT 2.7 BILLION RUPEES; IBES EST. 2.84 BILLION RUPEES
BERGER PAINTS INDIA Q2 CONSOL REVENUE FROM OPERATIONS 27.75 BILLION RUPEES; IBES EST. 28.37 BILLION RUPEES
BERGER PAINTS - EXPECT 2ND HALF OF YEAR TO BE BETTER IN TERMS OF REVENUE, PROFITABILITY
Further company coverage: BRGR.NS
(([email protected];))
Aug 9 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q1 CONSOL NET PROFIT 3.54 BILLION RUPEES; IBES EST. 3.42 BILLION RUPEES
BERGER PAINTS INDIA Q1 CONSOL REVENUE FROM OPERATIONS 30.91 BILLION RUPEES; IBES EST. 31.29 BILLION RUPEES
Further company coverage: BRGR.NS
(([email protected];))
Aug 9 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA Q1 CONSOL NET PROFIT 3.54 BILLION RUPEES; IBES EST. 3.42 BILLION RUPEES
BERGER PAINTS INDIA Q1 CONSOL REVENUE FROM OPERATIONS 30.91 BILLION RUPEES; IBES EST. 31.29 BILLION RUPEES
Further company coverage: BRGR.NS
(([email protected];))
May 15 (Reuters) - Nippon Paint Holdings Co Ltd 4612.T:
NIPPON PAINT HOLDINGS CO LTD - TO CHANGE ACQUISITION PERIOD OF NIPPON PAINT (INDIA), BERGER NIPPON PAINT AUTOMOTIVE COATINGS
NIPPON PAINT HOLDINGS CO LTD - EXECUTION DATE WILL BE CHANGED FROM 'FIRST HALF OF 2024' TO 'BY END OF 2024' DUE TO APPROVAL PROCESS FROM INDIAN AUTHORITIES TAKING LONGER THAN ANTICIPATED
Source text for Eikon: ID:nTSqo9204c
Further company coverage: 4612.T
(Reporting by Kantaro Komiya)
(([email protected];))
May 15 (Reuters) - Nippon Paint Holdings Co Ltd 4612.T:
NIPPON PAINT HOLDINGS CO LTD - TO CHANGE ACQUISITION PERIOD OF NIPPON PAINT (INDIA), BERGER NIPPON PAINT AUTOMOTIVE COATINGS
NIPPON PAINT HOLDINGS CO LTD - EXECUTION DATE WILL BE CHANGED FROM 'FIRST HALF OF 2024' TO 'BY END OF 2024' DUE TO APPROVAL PROCESS FROM INDIAN AUTHORITIES TAKING LONGER THAN ANTICIPATED
Source text for Eikon: ID:nTSqo9204c
Further company coverage: 4612.T
(Reporting by Kantaro Komiya)
(([email protected];))
BENGALURU, May 4 (Reuters) - India's Kansai Nerolac Paints KANE.NS reported a higher profit for the fifth straight quarter on Saturday, aided by sustained demand from decorative and industrial coatings.
WHY IT'S IMPORTANT
Growing activity in India's real estate sector has stoked demand for decorative home paints and benefited companies including Kansai Nerolac.
Prices of crude - which accounts for roughly one-third of paintmakers' costs - have eased from their 2022-highs, but were still higher year-on-year during the January-March period.
The entry of Grasim Industries GRAS.NS into the sector will intensify competition in an already crowded industry, dominated by market leader Asian Paints ASPN.NS, analysts have said.
BY THE NUMBERS
Japan's Kansai Paint Co 4613.T-owned firm's consolidated net profit rose about 24% year-on-year to 1.16 billion rupees ($13.9 million) in the quarter ended March.
Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher.
KEY QUOTES
"The demand for industrial coatings though good, moderated from previous quarter. Decorative once again recorded double digit volume growth," said Managing Director Anuj Jain.
"Going forward, the forecast of a good monsoon should augur well for paint industry," he added.
($1 = 83.3760 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected]; X: @MukherjeeHritam;))
BENGALURU, May 4 (Reuters) - India's Kansai Nerolac Paints KANE.NS reported a higher profit for the fifth straight quarter on Saturday, aided by sustained demand from decorative and industrial coatings.
WHY IT'S IMPORTANT
Growing activity in India's real estate sector has stoked demand for decorative home paints and benefited companies including Kansai Nerolac.
Prices of crude - which accounts for roughly one-third of paintmakers' costs - have eased from their 2022-highs, but were still higher year-on-year during the January-March period.
The entry of Grasim Industries GRAS.NS into the sector will intensify competition in an already crowded industry, dominated by market leader Asian Paints ASPN.NS, analysts have said.
BY THE NUMBERS
Japan's Kansai Paint Co 4613.T-owned firm's consolidated net profit rose about 24% year-on-year to 1.16 billion rupees ($13.9 million) in the quarter ended March.
Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher.
KEY QUOTES
"The demand for industrial coatings though good, moderated from previous quarter. Decorative once again recorded double digit volume growth," said Managing Director Anuj Jain.
"Going forward, the forecast of a good monsoon should augur well for paint industry," he added.
($1 = 83.3760 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected]; X: @MukherjeeHritam;))
BENGALURU, Feb 22 (Reuters) - Grasim Industries GRAS.NS launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years.
The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The forecast implies it expects to recoup its investment in the form of revenue by 2027.
The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, could make the company the second-largest Indian paintmaker by capacity behind market leader Asian Paints ASPN.NS, according to analysts.
Asian Paints currently controls nearly half of India's paints market. It recorded a revenue of 90.75 billion rupees in the quarter ended Dec. 31.
Kansai Nerolac KANE.NS, Berger Paints BRGR.NS, Indigo Paints INDG.NS and Dulux paint-maker Akzo Nobel India AKZO.NS are the other major players.
Antu Thomas, research analyst at Geojit Financial Services, said Birla Opus could take as much as 1%-2% in market share from Asian Paints.
Jefferies added that the business would account for nearly half of the 25% capacity addition expected in the industry over fiscal 2024-2027.
"The paint sector has never seen such massive capacity build-out in such a short span even from incumbents," Jefferies analysts said in a note.
Products and services from the business, announced three years ago, will be available in three Indian states from mid-March, Grasim said.
($1 = 82.8670 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Janane Venkatraman )
(([email protected];))
BENGALURU, Feb 22 (Reuters) - Grasim Industries GRAS.NS launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years.
The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The forecast implies it expects to recoup its investment in the form of revenue by 2027.
The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, could make the company the second-largest Indian paintmaker by capacity behind market leader Asian Paints ASPN.NS, according to analysts.
Asian Paints currently controls nearly half of India's paints market. It recorded a revenue of 90.75 billion rupees in the quarter ended Dec. 31.
Kansai Nerolac KANE.NS, Berger Paints BRGR.NS, Indigo Paints INDG.NS and Dulux paint-maker Akzo Nobel India AKZO.NS are the other major players.
Antu Thomas, research analyst at Geojit Financial Services, said Birla Opus could take as much as 1%-2% in market share from Asian Paints.
Jefferies added that the business would account for nearly half of the 25% capacity addition expected in the industry over fiscal 2024-2027.
"The paint sector has never seen such massive capacity build-out in such a short span even from incumbents," Jefferies analysts said in a note.
Products and services from the business, announced three years ago, will be available in three Indian states from mid-March, Grasim said.
($1 = 82.8670 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Janane Venkatraman )
(([email protected];))
Feb 13 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA LTD - ALLOTTED LAND MEASURING ABOUT 80 ACRES IN ODISHA FOR SETTING UP A MANUFACTURING UNIT
BERGER PAINTS INDIA LTD - ANNUAL CAPACITY OF PROPOSED UNIT ABOUT 410,000 KL/MT
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
Feb 13 (Reuters) - Berger Paints India Ltd BRGR.NS:
BERGER PAINTS INDIA LTD - ALLOTTED LAND MEASURING ABOUT 80 ACRES IN ODISHA FOR SETTING UP A MANUFACTURING UNIT
BERGER PAINTS INDIA LTD - ANNUAL CAPACITY OF PROPOSED UNIT ABOUT 410,000 KL/MT
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
Feb 6 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q3 CONSOL NET PROFIT 3 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 28.82 BILLION RUPEES
YEAR AGO Q3 CONSOL PROFIT 2.01 BILLION RUPEES, REVENUE 26.94 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
Feb 6 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q3 CONSOL NET PROFIT 3 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 28.82 BILLION RUPEES
YEAR AGO Q3 CONSOL PROFIT 2.01 BILLION RUPEES, REVENUE 26.94 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];))
BENGALURU, Nov 2 (Reuters) - Berger Paints India BRGR.NS on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.
Consolidated net profit rose nearly 33% year-on-year to 2.92 billion rupees ($35.1 million) for the quarter ending Sept. 30, but fell short of analysts' estimate of 3.08 billion rupees as per LSEG data.
Berger's revenue grew 3.6%, its slowest in 12 quarters, and also missed analysts' estimates.
Analysts had expected paint companies' sales to be impacted due to erratic distribution of monsoon rains and delayed festivities. India's monsoon this year was its lowest since 2018.
While Berger's decorative segment posted a double digit volume growth, the sale of exterior paints - used to protect walls from environmental deterioration - was heavily impacted due to delayed festive season and rains in September, CEO Abhijit Roy said in a statement.
Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue.
Prices of key raw materials for paint companies, such as titanium dioxide and vinyl acetate monomer, declined 6.4% and 44.4% respectively, while crude oil prices fell 7.6%, ICICI Securities said in a pre-earnings note.
Rival Asian Paints ASPN.NS last month reported improved margins, though it missed profit estimates, while Kansai Nerolac's KANE.NS profit rose led by a fall in expenses.
($1 = 83.2290 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Varun H K)
(([email protected]; +91 7982114624;))
BENGALURU, Nov 2 (Reuters) - Berger Paints India BRGR.NS on Thursday reported lower-than-expected second-quarter earnings, as a weak monsoon and delayed festivities offset cooling raw material costs.
Consolidated net profit rose nearly 33% year-on-year to 2.92 billion rupees ($35.1 million) for the quarter ending Sept. 30, but fell short of analysts' estimate of 3.08 billion rupees as per LSEG data.
Berger's revenue grew 3.6%, its slowest in 12 quarters, and also missed analysts' estimates.
Analysts had expected paint companies' sales to be impacted due to erratic distribution of monsoon rains and delayed festivities. India's monsoon this year was its lowest since 2018.
While Berger's decorative segment posted a double digit volume growth, the sale of exterior paints - used to protect walls from environmental deterioration - was heavily impacted due to delayed festive season and rains in September, CEO Abhijit Roy said in a statement.
Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue.
Prices of key raw materials for paint companies, such as titanium dioxide and vinyl acetate monomer, declined 6.4% and 44.4% respectively, while crude oil prices fell 7.6%, ICICI Securities said in a pre-earnings note.
Rival Asian Paints ASPN.NS last month reported improved margins, though it missed profit estimates, while Kansai Nerolac's KANE.NS profit rose led by a fall in expenses.
($1 = 83.2290 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Varun H K)
(([email protected]; +91 7982114624;))
Aug 9 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q1 CONSOL NET PROFIT 3.54 BILLION RUPEES ; REFINITIV IBES EST. 3.29 BILLION RUPEES
Q1 CONSOL REVENUE FROM OPERATIONS 30.30 BILLION RUPEES
YEAR AGO Q1 NET PROFIT 2.53 BILLION RUPEES, REVENUE FROM OPERATIONS 27.60 BILLION RUPEES
POWDER COATINGS UNDERPERFORMED IN Q1, EXPECTED TO DO BETTER IN Q2
Source text for Eikon: ID:nNSE2HwWqg
Further company coverage: BRGR.NS
(([email protected];;))
Aug 9 (Reuters) - Berger Paints India Ltd BRGR.NS:
Q1 CONSOL NET PROFIT 3.54 BILLION RUPEES ; REFINITIV IBES EST. 3.29 BILLION RUPEES
Q1 CONSOL REVENUE FROM OPERATIONS 30.30 BILLION RUPEES
YEAR AGO Q1 NET PROFIT 2.53 BILLION RUPEES, REVENUE FROM OPERATIONS 27.60 BILLION RUPEES
POWDER COATINGS UNDERPERFORMED IN Q1, EXPECTED TO DO BETTER IN Q2
Source text for Eikon: ID:nNSE2HwWqg
Further company coverage: BRGR.NS
(([email protected];;))
Aug 1 (Reuters) - Berger Paints India Ltd BRGR.NS:
TO CONSIDER ISSUE OF BONUS SHARES BY CAPITALISATION OF RESERVES
Source text for Eikon: ID:nBSE6YF5W3
Further company coverage: BRGR.NS
(([email protected];;))
Aug 1 (Reuters) - Berger Paints India Ltd BRGR.NS:
TO CONSIDER ISSUE OF BONUS SHARES BY CAPITALISATION OF RESERVES
Source text for Eikon: ID:nBSE6YF5W3
Further company coverage: BRGR.NS
(([email protected];;))
June 27 (Reuters) - Berger Paints India Ltd BRGR.NS:
AWARDS ITS MEDIA ACCOUNT TO DENTSU X AGENCY
Source text for Eikon: ID:nNSERQB5v
Further company coverage: BRGR.NS
(([email protected];))
June 27 (Reuters) - Berger Paints India Ltd BRGR.NS:
AWARDS ITS MEDIA ACCOUNT TO DENTSU X AGENCY
Source text for Eikon: ID:nNSERQB5v
Further company coverage: BRGR.NS
(([email protected];))
** Shares of Berger Paints India Ltd BRGR.NS fall as much as 2.8% to 611.4 rupees
** Paint manufacturer says March-qtr net profit fell 15.8% to 1.86 bln rupees ($22.7 mln); revenue from operations grew 11.7%
** Elara Capital (downgrades to "reduce"; PT of 654 rupees) says it rates co on lower-than-expected sales and deteriorating category dynamics
** BRGR to compete aggressively with new players; expect impact on EBITDA margins in FY25 and beyond due to rising expenses, say analysts at ICICI Securities ("reduce"; PT of 547 rupees)
** Trading volume at ~2 mln shares, 3.3x the 30-day avg of ~635,000 shares as of 1:50 p.m. IST
** Average rating of 23 analysts covering stock close to equivalent of 'sell'; median PT is 610 rupees - Refinitiv data
** Stock last up ~5% YTD, trimming gains of 8% up to last close
($1 = 81.7800 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Berger Paints India Ltd BRGR.NS fall as much as 2.8% to 611.4 rupees
** Paint manufacturer says March-qtr net profit fell 15.8% to 1.86 bln rupees ($22.7 mln); revenue from operations grew 11.7%
** Elara Capital (downgrades to "reduce"; PT of 654 rupees) says it rates co on lower-than-expected sales and deteriorating category dynamics
** BRGR to compete aggressively with new players; expect impact on EBITDA margins in FY25 and beyond due to rising expenses, say analysts at ICICI Securities ("reduce"; PT of 547 rupees)
** Trading volume at ~2 mln shares, 3.3x the 30-day avg of ~635,000 shares as of 1:50 p.m. IST
** Average rating of 23 analysts covering stock close to equivalent of 'sell'; median PT is 610 rupees - Refinitiv data
** Stock last up ~5% YTD, trimming gains of 8% up to last close
($1 = 81.7800 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
May 15 (Reuters) - Berger Paints India Ltd BRGR.NS:
DIVIDEND OF 3.20 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];;))
May 15 (Reuters) - Berger Paints India Ltd BRGR.NS:
DIVIDEND OF 3.20 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: BRGR.NS
(([email protected];;))
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Popular questions
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What does Berger Paints India do?
Berger Paints India is the second largest paint company in India and has established itself as a trusted name in the paint industry, not only in India but across the globe. The company has a diverse portfolio of innovative decorative paint products spanning various price points and segments, catering to a wide customer base. In the industrial segment, its tailored solutions position it as a preferred supplier, meeting specific customer needs effectively.
Who are the competitors of Berger Paints India?
Berger Paints India major competitors are Kansai Nerolac Paint, JSW Dulux, Indigo Paints, SIRCA Paints India, Shalimar Paints, Asian Paints. Market Cap of Berger Paints India is ₹57,012 Crs. While the median market cap of its peers are ₹9,166 Crs.
Is Berger Paints India financially stable compared to its competitors?
Berger Paints India seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Berger Paints India pay decent dividends?
The company seems to pay a good stable dividend. Berger Paints India latest dividend payout ratio is 37.53% and 3yr average dividend payout ratio is 36.21%
How has Berger Paints India allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Berger Paints India balance sheet?
Balance sheet of Berger Paints India is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Berger Paints India improving?
The profit is oscillating. The profit of Berger Paints India is ₹1,077 Crs for TTM, ₹1,180 Crs for Mar 2025 and ₹1,168 Crs for Mar 2024.
Is the debt of Berger Paints India increasing or decreasing?
Yes, The net debt of Berger Paints India is increasing. Latest net debt of Berger Paints India is -₹163.07 Crs as of Mar-26. This is greater than Mar-25 when it was -₹851.87 Crs.
Is Berger Paints India stock expensive?
Berger Paints India is not expensive. Latest PE of Berger Paints India is 50.85, while 3 year average PE is 61.34. Also latest EV/EBITDA of Berger Paints India is 31.17 while 3yr average is 37.81.
Has the share price of Berger Paints India grown faster than its competition?
Berger Paints India has given better returns compared to its competitors. Berger Paints India has grown at ~-5.38% over the last 5yrs while peers have grown at a median rate of -7.0%
Is the promoter bullish about Berger Paints India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Berger Paints India is 74.98% and last quarter promoter holding is 74.98%.
Are mutual funds buying/selling Berger Paints India?
The mutual fund holding of Berger Paints India is increasing. The current mutual fund holding in Berger Paints India is 6.8% while previous quarter holding is 6.23%.