Dolat Capital: Berger Paints Posts Strong Q2 Performance But Valuations Look Rich
A worker mixes paint to color zipper sliders during production at manufacturing facility. (Photographer Meg Roussos/Bloomberg)

Dolat Capital: Berger Paints Posts Strong Q2 Performance But Valuations Look Rich

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.

Dolat Capital Report

Berger Paints India Ltd. ’s Q2 FY21 results came ahead of our estimates as the recovery was beyond anticipation.

Volume growth in the decorative business stood at 17% while overall volume growth was at 16%.

The company’s volume performance was better amongst peers. Benign raw material prices and cost reduction initiatives in procurement and formulation front helped margin expansion in Q2.

Click on the attachment to read the full report:

Dolat Capital Berger Paints Q2FY21 Result Update.pdf

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