India's Berger Paints results better than rivals, analysts say

JSW Dulux

15/05/2025 07:31

** Berger Paints' BRGR.NS up 1.4%, after 1.9% gain on Wed following Q4 profit beat

** BRGR's results better than rivals Asian Paints ASPN.NS and Kansai Nerolac KANE.NS, says Dolat Capital

** ASPN missed Q4 profit view, while KANE posted a surprise profit drop; Akzo Nobel India's AKZO.NS profit was stagnant

** Ambit Capital says while BRGR is best in sector, sector itself is not preferred due to demand, rivalry woes

** Still, hikes TP to 485 rupees, vs 563 rupees current price

** Dolat lifts TP to 616 rupees, ICICI Securities to 515 rupees

** Analysts avg rating on BRGR is "hold', same as KANE, while ASPN is "sell" - LSEG data

** YTD, BRGR up 23%, ASPN up 0.5%, KANE flat

 (Reporting by Yagnoseni Das and Hritam Mukherjee in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))