Q1 2025 Berger Paints India Ltd Earnings Call Transcript
Key Points
- Strong double-digit volume growth with the highest market share gain among listed players on a year-on-year and quarter-on-quarter basis.
- Operating margin outperformed guidance, with strategic price increases on differentiated products.
- Consistent outperformance of industry growth rates, with Berger Paints India Ltd (BOM:509480) achieving a growth rate of 2.7% compared to the industry's -0.8%.
- Aggressive network expansion with the addition of 1,900+ retail touchpoints and 1,800+ colorbank machines.
- Innovative product launches and strong performance in the decorative, construction chemical, and waterproofing segments.
- Value growth moderated to 2.4% due to product price reductions, high-volume low-value product mix, and subdued luxury product sales in key markets like Kerala and West Bengal.
- Operating profit and PAT showed a de-growth of 5.9% and 6.4% respectively, impacted by high base effects and raw material price inflation.
- International operations in Nepal continued to perform poorly due to liquidity issues and unfavorable market conditions.
- Increased advertisement spending and raw material price inflation impacted margins, though marginal improvement is expected in the next quarter.
- Automotive and general industrial business saw muted growth, particularly in the commercial vehicle segment.
Hi. Good evening, everyone. This is Nitin Gupta from Emkay Global. I would like to welcome all to the Q1 FY25 Results Conference Call of Berger Paints India Limited. I thank Berger Paints management for allowing us to host.
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, post which we will proceed with Q&A session. Over to you gentlemen.
Thank you, Nitin. A very warm welcome to all of you in the Berger Paints earnings update call for Q1 FY25. Of course, this year, doing it on the Zoom platform. For your information, the management presentation on the results have already been uploaded in the stock exchange and the company's website. We will also run you through the presentation along with the opening comments from Mr.
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