Q4 2024 Berger Paints India Ltd Earnings Call Transcript
Key Points
- Berger Paints India Ltd (BOM:509480) achieved a significant milestone by completing 100 years of presence in India and crossing INR10,000 crores in revenue and INR1,000 crores in profit for FY24.
- The company registered a strong double-digit volume growth of 13.9% in Q4 FY24.
- Gross margins improved to 40.3% in Q4 FY24, the highest in recent quarters.
- Subsidiaries like Bolix and STP showed strong double-digit top-line growth and significant profit improvements.
- The company turned net cash positive by the end of FY24, with INR341 crores in cash on the books.
- Value growth was relatively low at 2.7% in Q4 FY24, significantly lagging behind volume growth.
- Operating profit declined by 5.1% in Q4 FY24, impacted by the absence of a one-time subsidy received in the previous year.
- The EBITDA margin fell to 14.5% in Q4 FY24, partly due to increased advertising expenses.
- The company's subsidiary in Nepal experienced a degrowth due to economic turmoil in the region.
- There was a noticeable shift towards lower-value products, impacting overall value growth.
Ladies and gentlemen, welcome to the Q4 FY24 results conference call of Berger Paints India Limited, hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded. And I now hand the conference over to Mr. Nitin Gupta, from Emkay Global Financial Service. Thank you, and over to you sir.
Thank you, Sagar. Good evening, everyone. I would like to welcome the management and thank them for this opportunity we have with us today, Mr. Abhijit Roy, Managing Director and CEO; Mr. Kaushik Ghosh, Vice President and CFO; and Mr. Sujyoti Mukherjee, Vice President, Finance and Accounts.
I shall now hand over the call to the management for the opening remarks. Over to you, gentlemen.
Thank you, Nitin. A very warm welcome to everybody to this Q4 FY24 earnings call of Berger Paints India Limited. First of all, I would like to thank all
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