Berger Paints Rating
MACQUARIE ON BERGER PAINTS : 03.06.2021
* Berger Paints believes lost demand should come back in FY22, believe the co needs further price hikes to offset input cost pressures, Macquarie says
* Co Believes Lost Demand Should Come Back In FY22
* It Sees Tailwinds From Waterproofing, Distribution Expansion
* Need Further Price Hikes To Offset Input Cost Pressures
* It Trades At 28% Premium To Asian Paints On FY23 PER Basis
* MAINTAIN UNDERPERFORM TARGET: 600
NOMURA ON BERGER PAINTS : 03.06.2021
* Expect Berger Paints to face margin pressure in FY22, Nomura believes, maintains REDUCE rating on the co
* MAINTAIN REDUCE TARGET: 675
* Near-term Weak But Better YoY; Valuations Rich Too
* Expect Margin To Face Pressure in FY22
