ResultsMint
Berger Paints gross margin shrinks 225 bps in Q2
Negative-55
GreyOak summary
Berger Paints India's consolidated gross margin contracted by 225 basis points year-on-year to 39.3% in the September quarter. This decline was driven by double-digit raw material inflation, the liquidation of high-cost inventory, and delayed price hikes in the industrial paint portfolio, leading to earnings estimate downgrades.
What it affects
- Berger Paints (I)BERGEPAINTNegative -55
Gross margin shrank due to inflationRolling sentiment Neutral 0
Source
Read the original at MintMore Berger Paints (I) news
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