Berger Paints Q3 Net decreases by 1.39 % at 295.97 rupees

Paints Major Berger Paints said on Tuesday a 1.39 percent on a year in a net profit at 295.97 rupees for the third quarter of this fiscal year, although its revenues from operations grew by 3.23 percent year on an annual basis during the period.

The company’s profitability for October quarter to December of this fiscal year was affected by the reduction in prices in the previous seasons and the decrease in the currency. The company had earlier a decrease in prices about 5 percent.

The company recorded a clear profit of 300.16 rupees for the third fiscal quarter.

During the third quarter of this fiscal year, the revenue of the coating maker of operations grew by 3.23 percent on an annual basis at a price of 2,975.06 rupees compared to 2,881.83 rupees in the corresponding financial period, against the background of a high -component size growth in the decorative section in the middle of the market Difficult in the difficult market. conditions. Also, there was a clear rise in the industrial sector during the quarter in the review.

Valuable gap

Speaking at an investor meeting after announcing the results of the third quarter, Abhigit Roy, Managing Director and Executive Director, Berger Peretz India, said during the quarter that the company recorded a growth of 7.4 percent, while the value growth reached 0.4 percent. The volume value gap was mainly at the expense of two reasons: the low price of the product that was implemented in the previous quarters, stronger sales of products of high value and low value such as texture, tiles, adhesive materials and adding mixtures, and silent sales of high -value products such as enamel.

“The current market share exceeds 20 percent. The operating margin shadow in the directed range and an improvement in a sequence.”

During the Q3fy25, EBITDA (with the exception of the other income) reached 471.73 rupees compared to 480.04 rupees in Q3fy24, and recorded a decrease of 1.7 percent.

“The difficult market conditions continued in the third quarter with the mute urban demand and slowdown in a few major markets. Nevertheless, we were able to provide high number one in the quarter in the quarter, and we also witnessed a series of increase in both the growth of size and value.”

The company is confident of adhering to the total margin from about 15-17 percent for this fiscal year. “We managed to get its share in the market, even with competition, even with the new competitor (BIRLA OPUS). If you add it, we have gained a market share during the past year. So there is nothing to worry about,” Roy added.