The company states that tough market conditions continued into the third quarter with muted urban demand and a slowdown in a few key markets
With the decorative segment registering high single-digit volume growth, Berger Paints India has witnessed a 3.2 per cent year-on-year increase in its consolidated revenue from operations during the third quarter of the current financial year (Q3FY25). The company’s revenue stood at Rs 2,975.06 crore in Q3FY25, compared to Rs 2,881.83 crore in Q3FY24. However, the net profit was impacted during the quarter.
The unaudited consolidated financial results of the company revealed a 1.4 per cent YoY dip in its net profit as it decreased to Rs 295.97 crore during the recently concluded quarter of the current fiscal, compared to Rs 300.16 crore during the corresponding period of the previous fiscal. Total expenses in Q3FY25 stood at Rs 2,608.13 crore, up from Rs 2,504.32 crore in the same period of FY24, as per the company.
“The tough market conditions continued into the third quarter with muted urban demand and slowdown in a few key markets. In spite of this, we were able to deliver high single-digit volume growth in the quarter and also saw sequential uptick in both volume and value growth. The visible uptick in the industrial segments is a good indicator of demand improvement cycle,” stated Abhijit Roy, Managing Director and Chief Executive Officer of Berger Paints India.
On the back of a likely improvement in consumer sentiment fuelled by favourable budget announcements and adequate monsoon, the company remains optimistic about decorative business improving its growth sequentially. The company added that automotive and other industrial businesses are likely to perform better in the coming quarters, while geopolitics and currency depreciation appear as likely risks.
