Berger Paints India Q1 Results Live: Profit Falls by 0.22% YoY

Berger Paints India Q1 Results Live : Berger Paints India declared their Q1 results on 09 Aug, 2024. The company reported a year-on-year (YoY) increase in revenue by 2.03%, while the profit saw a slight decrease of 0.22% YoY. On a quarter-on-quarter (QoQ) basis, the revenue grew by an impressive 22.65%, and the profit surged by 59.19%.

The company’s selling, general & administrative expenses (SG&A) rose by 10.22% QoQ and increased by 15.17% YoY, impacting the overall profitability.

Despite the increase in expenses, Berger Paints India reported a significant rise in operating income, which was up by 64.85% QoQ. However, on a YoY basis, the operating income saw a decrease of 9.06%.

The earnings per share (EPS) for Q1 stood at ₹3.03, reflecting a decrease of 0.38% YoY.

In terms of stock performance, Berger Paints India has delivered a return of -6.3% in the last week, -5.62% over the last 6 months, and a year-to-date (YTD) return of -14.31%.

As of now, Berger Paints India has a market capitalization of ₹60405.73 crore. The stock’s 52-week high and low are ₹679.75 and ₹439, respectively.

Analyst sentiment towards Berger Paints India appears to be cautious. As of 10 Aug, 2024, out of 20 analysts covering the company, 4 have given a Strong Sell rating, 9 have given a Sell rating, 4 have given a Hold rating, 2 have given a Buy rating, and 1 has given a Strong Buy rating.

The consensus recommendation as of 10 Aug, 2024, is to Sell.