Berger Paints Bangladesh Limited

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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,...

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...

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.

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...

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...

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...