BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Berger Paints India Ltd. reported better than expected result driven by continued strong growth momentum in decorative coatings and robust performance of subsidiaries.
Positively, revenue growth of the company during Q4 FY21 stayed ahead of competition.
Management guides that they have significantly improved on distribution expansion during FY21 as compared to normal rate of 10-12%.
Also, the company fared well on managing input cost inflation (gross margin remained flat) compared to other players in paint industry (who reported gross margin contraction).
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