Prime Business AfricaBerger Paints ended the second quarter (Q2) of 2025 as the best-performing paint manufacturing company in the Nigerian stock market, outperforming its rivals, Chemical Allied Products (CAP) Plc and Meyer.
The three companies have a total market valuation of N55.54 billion as of June 30, up from N48.67 billion recorded on April 2, representing an increase of N6.87 billion or 14.12 percent, according to Prime Business Africa’s analysis.
Join our WhatsApp ChannelHow The Paint Manufacturers Performed In Q2 2025
Berger Paints
Berger Paints’ shareholders recorded a 59.15 percent increase in their investment after the share price of the company jumped by N11.15 kobo within April and June.
The increase indicates the stock market investors were bullish on Berger Paints, as they see the company as a more profitable asset compared to CAP and Meyer.
Analysis showed that the bullish sentiment earned Berger Paints’ shareholders a combined gain of N3,23 billion within three months, and raised the paint manufacturer’s market valuation to N8.69 billion on June 30.
Prime Business Africa gathered that the company’s market capitalisation increased from N5.46 billion on April 2 after an increase in demand raised the share price from N18.85 kobo to N30 per share.
Meyer
Meyer was second on the list of the best-performing paint manufacturers after its shareholders recorded 8.64 percent growth in their investment in the second quarter of this year.
The 8.64 percent growth represents a combined gain of N424,99 million for Meyer’s shareholders, and also pushed up the company’s market valuation from N4.91 billion to N5.33 billion.
According to the analysis, the gain and increase in the company’s market valuation was driven by a N0.8 kobo increase in Meyer’s share price, which rose from N9.25 kobo on April 2 to N10.05 on June 30.
CAP
CAP shareholders closed the second quarter with an 8.40 percent increase in their investment, putting the company behind Berger Paints and Meyer on the list of the best-performing paint manufacturer.
Prime Business Africa gathered that a N3.95 kobo increase in CAP’s share price had led to the gain, which represents a combined gain of N3.21 billion.
With the company’s share price rising from N47 per share on April 2 to N50.95 kobo on June 30, CAP’s market valuation also increased from N38.29 billion to N41.51 billion during the period under review.
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