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Berger Paints, a leading name in the Indian paint industry, has announced its Q2 results for the financial year 2024, showcasing resilience amidst challenging market conditions. While adverse weather and flooding in key regions impacted demand, Berger Paints focused on expanding its footprint and strengthening its premium segments.
Particulars | Q2 FY24-25 (₹ Cr) | Q2 FY23-24 (₹ Cr) | Change (%) |
Revenue from Operations | 2,774.6 | 2,767.3 | +0.3% |
EBITDA | 434.2 | 473.7 | -8.3% |
Net Profit | 269.9 | 292.1 | -7.6% |
Gross Margin | 41.7% | - | Highest in 10 Quarters |
In comparison to industry expectations, Berger Paints saw limited revenue growth due to adverse monsoon effects but maintained its operational margin within guidance levels. The construction chemical and waterproofing segments continued to outperform, reflecting strong demand within the decorative sector.
Abhijit Roy, Managing Director & CEO of Berger Paints, stated, “Though the quarter numbers were muted, we expect that the second half of the year will be better in terms of revenue and profitability. We continued to do well in the focus segments of the Company, especially water proofing, construction chemicals, wood coatings and the premium plus coating segments.”
Check out Berger Paints's past performances in previous quarters and financial years.
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