Q3FY24 Quarterly & 9MFY24 Result Announced for Berger Paints (India) Ltd.
Berger Paints (India) announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Revenue from Operations: Rs 2,881.83 crore, compared to Rs 2,693.59 crore in the corresponding quarter of the previous year, representing an increase of 7.0%. EBITDA (excluding Other Income): Rs 480.04 crore, compared to Rs 349.65 crore in the corresponding quarter of the previous year, indicating a growth of 37.3%. Net Profit: Rs 300.16 crore, compared to Rs 201.17 crore in the corresponding quarter of the previous year, showing a significant increase of 49.2%. Consolidated 9MFY24: Revenue from Operations: Rs 8,678.64 crore, compared to Rs 8,124.21 crore in the corresponding period of the previous year, reflecting an increase of 6.8%. EBITDA (excluding Other Income): Rs 1,510.44 crore, compared to Rs 1,118.44 crore in the corresponding period of the previous year, demonstrating a growth of 35.0%. Net Profit: Rs 947.20 crore, compared to Rs 674.39 crore in the corresponding period of the previous year, showing a notable increase of 40.5%. Commenting on the results, Abhijit Roy, MD & CEO of Berger Paints, said, "The quarter witnessed strong growth on the volume front and robust growth in operating profits, with decorative business line volume growth in double digits. Our Tier 2 and Tier 3 city growth rates were higher than Tier 1 city growth rates. We continued with our aggressive growth in the Waterproofing and Construction Chemicals segment. New product introductions were made in the sealants and roof waterproofing category to fortify our product offerings in this segment. The General Industrial, Auto, and Powder divisions also performed well. In international operations, Bolix S.A., Poland, saw remarkable growth. We continued to expand our network by adding more than 2300 retail touchpoints during this quarter and strengthening digital initiatives to bolster our capabilities as we look at exciting times ahead." Result PDF06-02-2024
