Berger Paints India Ltd reported a 19.68% increase in consolidated net profit to Rs 222.62 crore in the fourth quarter ended March 2024.
The company’s consolidated revenue from operations in the quarter under review stood at Rs 2,520.28 crore, while total expenses were higher at Rs 2,274.13 crore.
For the fiscal year ended on March 31, 2024, consolidated net profit was Rs 1,169.82 crore, up from Rs 860.4 crore in the previous year.
Consolidated revenue from operations for the fiscal year 2023-24 was Rs 11,198.92 crore. The company’s board of directors has recommended a dividend of Rs 3.50 per equity share for the financial year 2023-24.
Berger Paints India Managing Director & CEO, Abhijit Roy, stated, “We gained market share again in FY24 and crossed Rs 10,000 crore in revenue and Rs 1,000 crore in PAT on a stand-alone basis, a significant event on our 100th year in India.
” Roy also expressed confidence in an improved demand scenario in the upcoming year and highlighted the launch of multiple innovative new products in the paint, coatings, and waterproofing segments.
