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% |
#Berger #Paints #India #Results #Live #Profit #Falls #YOY #Company #Business #News
Berger Paints India Q2 result, Berger Paints India, Berger Paints India Q2, Berger Paints India Quarterly Result, Q2 Result
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
