Berger Paints Shares Surge 9% Following Strong Q4 Earnings Report
Berger Paints share price jumps over 9% after Q4 Results. Should you buy, sell or hold?
Mint
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Berger Paints' share price rose over 9% on May 13, 2023, after reporting a 27.52% increase in consolidated net profit to ₹335.25 crore for Q4 FY26. Analysts suggest a positive outlook for the company, with recommendations to buy or hold shares amid a recovering paint industry.
- 01Berger Paints reported a 27.52% increase in net profit for Q4 FY26.
- 02Revenue from operations reached ₹2,868.03 crore, a 6.1% year-on-year increase.
- 03The company plans to distribute a dividend of ₹4 per equity share.
- 04Analysts maintain a 'BUY' rating, citing strong growth potential.
- 05El Niño poses a risk to rural demand in FY27.
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On May 13, 2023, Berger Paints' share price jumped over 9% following the announcement of its Q4 FY26 earnings. The company's consolidated net profit rose to ₹335.25 crore, a 27.52% increase from ₹262.91 crore in the same quarter last year. Revenue from operations also saw a rise, reaching ₹2,868.03 crore, compared to ₹2,704.03 crore the previous year. Total expenses increased to ₹2,499 crore, up from ₹2,380.55 crore. For FY26, the consolidated net profit was ₹1,128.02 crore, down from ₹1,182.81 crore in FY25. The board proposed a dividend of ₹4 per equity share, pending shareholder approval, and reappointed Abhijit Roy as Managing Director & CEO for another four years starting July 1, 2027. Analysts from Nuvama Institutional Equities noted a steady performance with an 11.8% growth in decorative volumes, while ICICI Securities highlighted the company's aggressive investments and expansion efforts. Both brokerages maintain positive ratings on the stock, with Nuvama raising its target price to ₹635 from ₹605.
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The surge in Berger Paints' share price may benefit investors and boost market confidence in the paint industry, potentially leading to increased investments and job stability within the sector.
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