Berger Paints Bangladesh Limited


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18 articles for Berger Paints Bangladesh Limited

Berger Paints Bangladesh: c16% earnings decline driven by 692 bps margin contraction

Earnings decline was mainly driven by a 692 bps contraction in gross margin due to high raw material costs. Revenue grew sharply in Q1&2 as prices increased. However, volume declined in Q3 resulting in single digit sales growth. Costly raw materials,...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 26 January 2023

Bangladesh 2023 Strategy Note : Perseverance amid Uncertainty

The verdicts of global events remain undecided, leading to an extended period of uncertainty and indecision. There are two ways for investors to deal with uncertainty. Either panic or persevere. We would recommend the latter. We expect that this repo...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 2 January 2023

Berger Paints Bangladesh: A narrative tracing Bangladesh’s growth story

We reiterate BUY rating with a target price of BDT 2,153 (ETR 28.4%). 25% product price hike and commodity price reversal offers potential to boost profitability. The new project also offer tax benefits up to 10 years from operation.
IDLC Securities Shopnil
Shopnil Paul @ IDLC Securities 29 December 2022
Flash Report / Global

How did multinationals perform in Q3 CY22?

We have 13 listed Multinational Companies (MNCs). Their profits increased by c. 8% in Q3 CY22, and c. 1% in 9M CY22. Consumer staples performed better. Consumer discretionary companies and construction companies faced challenges. BATBC, UNILEVERCL, L...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 15 December 2022

Berger Paints Bangladesh: Q2 CY23: Similar profit level compared to Q2 CY22; 6M profit rose by 15% yoy

c21% yoy revenue growth and 323 bps yoy improvement in Opex/sales neutralized by 523 bps yoy decline in gross margin. c21% revenue growth from price hike due to rising raw material costs, higher commodity prices and BDT depreciation. Gross margin fel...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 7 November 2022

Berger Paints Bangladesh: Q3 FY22 – 21% yoy revenue growth but 840bps drop in margin shrinks profit by 10%

BRGR BD reported BDT 17.5 EPS (NPAT BDT 812mn) in Q3 FY22 on a consolidated basis, implying a c10% decline in earnings over BDT 19.4 EPS (NPAT BDT 902mn) in Q3 FY21. The higher demand for painting materials owing to increasing construction activities...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 30 January 2022



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Asia Equity Tanay Kumar Roy Materials Berger Paints Bangladesh Limited Bangladesh Joy Bhattacharjee BRGR Industrials Berger Shopnil Paul Consumer Discretionary Media & Entertainment Grameenphone