Berger Paints India Q2 Results Live : Berger Paints India declared its Q2 results on 05 Nov, 2024, reporting a topline increase of 0.26% year-over-year. However, the company’s profit has seen a significant decrease of 7.54% compared to the same period last year.
In contrast to the previous quarter, Berger Paints experienced a decline in revenue by 10.24% and a notable drop in profit by 23.73%. This decline raises concerns about the company’s short-term performance and market positioning.
The company’s Selling, General, and Administrative expenses rose sharply, with a quarter-over-quarter increase of 15.04% and a year-over-year rise of 16.24%. This increase in expenses has contributed to the overall dip in profitability.
Moreover, the operating income of Berger Paints decreased by 20.68% on a quarter-over-quarter basis and by 11.66% year-over-year, indicating challenges in maintaining operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹2.31, which marks a decline of 7.6% year-over-year, further indicating the financial struggles faced by the company during this period.
The stock has performed poorly, delivering a -5.88% return in the last week, a modest 0.1% return over the past six months, and a substantial -15.09% year-to-date return. These figures reflect investor concerns over the company’s financial health.
As of 06 Nov, 2024, Berger Paints India has a market capitalization of ₹59,851.97 Cr, with a 52-week high of ₹629.5 and a low of ₹439. This volatility in stock price highlights the challenges the company faces in the current market environment.
Out of 19 analysts covering Berger Paints, the sentiment is predominantly negative, with 4 analysts issuing Strong Sell ratings, 8 recommending Sell, 3 suggesting Hold, 3 advising Buy, and only 1 analyst giving a Strong Buy rating. The consensus recommendation as of 06 Nov, 2024, is to Sell.
Berger Paints India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2774.61 | 3091.01 | -10.24% | 2767.3 | +0.26% |
| Selling/ General/ Admin Expenses Total | 221.13 | 192.22 | +15.04% | 190.24 | +16.24% |
| Depreciation/ Amortization | 88.98 | 87.21 | +2.03% | 82.87 | +7.37% |
| Total Operating Expense | 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 Taxes | 358.15 | 465.98 | -23.14% | 388.81 | -7.89% |
| Net Income | 269.66 | 353.56 | -23.73% | 291.64 | -7.54% |
| Diluted Normalized EPS | 2.31 | 3.03 | -23.76% | 2.5 | -7.6% |
