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IDBI Capital Report
Berger Paints India Ltd. reported better than expected result driven by continued strong growth momentum in decorative coatings and robust performance of subsidiaries.
Positively, revenue growth of the company during Q4 FY21 stayed ahead of competition.
Management guides that they have significantly improved on distribution expansion during FY21 as compared to normal rate of 10-12%.
Also, the company fared well on managing input cost inflation (gross margin remained flat) compared to other players in paint industry (who reported gross margin contraction).
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