Berger Paints Q2 Net Profit Rises Just Over 5%
Berger Paints India reported consolidated September-quarter net profit of ₹217.1 crore, up a little over 5% year on year. Revenue from operations rose 13.2% to ₹3,200.4 crore; raw material costs and higher advertising spending squeezed profit growth.
Mumbai: Berger Paints India saw a little over a 5% year-on-year growth in its consolidated net profit for the September quarter to 217.1 crores, while consolidated revenue from operations rose 13.2% to 3,200.4 crore. Profit growth lagged revenue as raw material costs and higher ad spends squeezed m…