Berger Paints Records Steady Growth in Q3

BY Realty Plus

Revenue from Operations for the quarter ended 31st December 2023 was Rs. 2,881.83 crores as against Rs. 2,693.59 crores in the corresponding quarter of the last year, representing an increase of 7.0%.EBITDA (excluding Other Income) for the quarter ended 31st December 2023 was Rs. 480.04 crores as against Rs. 349.65 crores in the corresponding quarter of the last year, representing an increase of 37.3%

Net profit for the quarter ended 31st December 2023 was Rs. 300.16 crores as against Rs. 201.17 crores in the corresponding quarter of the last year, representing an increase of 49.2% over the corresponding quarter of the last year.Revenue from Operations for the quarter ended 31st December 2023 was Rs. 2,574.20 crores as against Rs. 2,418.91 crores in the corresponding quarter of the last year, representing an increase of 6.4%

EBITDA (excluding Other Income) for the quarter ended 31st December 2023 was Rs. 429.58 crores as against Rs. 311.30 crores in the corresponding quarter of the last year, representing an increase of 38.0%.Net profit for the quarter ended 31st December 2023 was Rs. 263.25 crores as against Rs. 207.10 crores in the corresponding quarter of the last year, representing an increase of 27.1% over the corresponding quarter of the last year.

Financial Results for the nine months ended 31st December 2023.Revenue from Operations for the nine months ended 31st December 2023 was Rs. 8678.64 crores as against Rs. 8124.21 crores in the corresponding period of the last year, representing an increase of 6.8%.

EBITDA (excluding Other Income) for the nine months ended 31st December 2023 was Rs. 1,510.44 crores as against Rs. 1,118.44 crores in the corresponding period of the last year, representing an increase of 35.0%.Net profit for the nine months ended 31st December 2023 was Rs. 947.20 crores as against Rs. 674.39 crores in the corresponding period of the last year, representing an increase of 40.5%

Revenue from Operations for the nine months ended 31st December 2023 was Rs. 7,753.79 crores as against Rs. 7,281.33 crores in the corresponding period of the last year, representing an increase of 6.5%.EBITDA (excluding Other Income) for the nine months ended 31st December 2023 was Rs. 1,346.53 crores as against Rs. 1,003.31 crores in the corresponding period of the last year, representing an increase of 34.2%.

Net profit for the nine months ended 31st December 2023 was Rs. 833.46 crores as against Rs. 632.18 crores in the corresponding period of the last year, representing an increase of 31.8%.Commenting on the results Abhijit Roy, MD & CEO, 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 & Powder divisions also did reasonably well. In International operations Bolix S.A. Poland, saw a remarkable growth. We continued to expand our network by adding more than 2300 retail touch points during this quarter and strengthening digital initiatives to bolster our capabilities as we look at exciting times ahead.”

Tags : Abhijit Roy Berger Paints International operations Bolix S.A . Poland remarkable growth EBITDA