ResultsMint
Berger Paints misses Q2 profit estimates as raw material inflation squeezes margins
Negative-13Company event
GreyOak summary
Berger Paints missed Q2 profit estimates of ₹273.87 crore, reporting only ₹216.88 crore as raw material cost rises outpaced price hikes. While revenue grew double-digits, margins were squeezed. The company plans further price increases and cost-saving measures to restore profitability in the coming quarters.
What it affects
- Berger Paints (I)BERGEPAINTNegative -13
Missed profit estimates due to raw material inflationRolling sentiment Neutral 0
Source
Read the original at MintMore Berger Paints (I) news
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