Berger Paints India Ltd

The surge in consumption brought about by increase in young population and rapid urbanisation to drive growth, says Abhijit Roy, Managing Director, Berger Paints

The company’s board has recommended dividend of ₹3.20 (320 per cent) per share of ₹1 each for FY’23.

It will be competing with exiting players — JSW Paints, Nippon, Kamdhenu, Shalimar, Indigo and other paint companies — who are scrambling to gain market share from industry leaders Asian Paints and Berger Paints

Here is what the charts say about the shares of Berger Paints India, BPCL and Zee

The new plant will lead to lower inventory holding and working capital improvement

The company’s scrip closed at ₹540.95, down 1.59 per cent on the BSE on Thursday

The company’s scrip closed at ₹583.45, down by 0.97 per cent on the BSE on Thursday

Gross margins are likely to improve to the pre-pandemic levels of around 38-39 per cent by Q3, says MD & CEO

Growth in sales volume on the back of good demand and the price hike

Reports 170 per cent rise against same quarter last year