Heightened competitive intensity from new and existing players, and its possible impact on realisations, volume, and margins remain key monitorables, adds the brokerage.
Berger Paints has demonstrated resilience, successfully maintaining its margins over the last four to five quarters despite considerable market turbulence.
(Photo: NDTV Profit)
Recognizing that the paint industry is distribution-led, Berger Paints has made substantial investments over the past couple of years to fortify its network of contractors, painters, and dealers.