Street View- Brokerages weigh demand, pricing power at India's Berger Paints

Berger Paints India

13/05/2026 05:14

** Shares of Berger Paints India BRGR.NS jump 8.23% to 528.25 rupees

** Paint maker reported 27.4% y/y rise in March-quarter profit, helped by double-digit volume growth and margin expansion

FY27 GROWTH, PRICE HIKE IMPACT IN FOCUS

** Nomura ("buy"; TP: 650 rupees) says sustained volume growth despite price hikes and easing competitive intensity could help Berger deliver back-to-back double-digit sales growth in FY27

** Morgan Stanley ("underweight"; TP: 429 rupees) says recent pricing actions should support FY27 revenue growth, but warns industry growth visibility remains weak amid elevated competition

** HSBC ("hold"; TP: 480 rupees) says demand trends remain steady, but flags uncertainty around the impact of 11%-12% price hikes on volumes

** Systematix ("buy"; TP: 570 rupees) says co well placed to benefit from resilient rural demand and distribution expansion; expects FY27 decorative sales growth of about 13%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))