Berger Paints Q1 Results Preview: PAT likely to rise 25%; EBIDTA may jump 27 per cent
The company is expected to report an 8 per cent jump in operational revenues, which are expected to rise to Rs 2,978 crore in the quarter under review from Rs 2,760 crore in the corresponding quarter last year.
Berger Paints Q1 Results Preview: India's leading paint company, Berger Paints, is expected to report good numbers as it declares its first-quarter results on Wednesday (August 8).
The Zee Business Research team anticipates the company to witness a 25 per cent rise in its profit after tax, which may rise from Rs 254 crore in Q1 FY23 to Rs 317 crore in the quarter under review.
The company is expected to report an 8 per cent jump in operational revenues, which are expected to rise to Rs 2,978 crore in the quarter under review from Rs 2,760 crore in the corresponding quarter last year.
Analysts estimate that the company's EBIDTA may jump 27 per cent to Rs 514 crore in the April-June quarter from Rs 405 crore in the corresponding quarter last year.
The company is also expected to report a 2.3 per cent jump in its margins. from 14.7 per cent year ago to 17 per cent in the current quarter.
Analysts say that in the domestic decorative section, the company can see volume growth of 12 per cent, while value growth in the same segment may jump by 11 per cent.
Research estimates the company's industrial coatings segment to grow 10 per cent. Margins can improve because of a fall in raw material prices.
Investors are setting their sights on demand and advertising for the company.
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