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Here's an analysis of the annual report of BERGER PAINTS for 2023-24. It includes a full income statement, balance sheet and cash flow analysis of BERGER PAINTS. Also includes updates on the valuation of BERGER PAINTS.
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Intensifying competition and cost inflation pressure among other reasons have had a huge impact on shares of paint companies in 2022.
These companies are competing head on to grab the largest pie of a Rs 500 bn market.
Berger Paints net profit more than doubled in the fourth quarter but ended up dropping 4% over muted investor sentiments.