Berger Paints Q2 Profit Falls 24% On Weak Demand
Berger Paints Q2 profit drops 24% to ₹206 crore as weak demand, extended monsoon, and higher costs impact margins despite slight revenue growth.
Berger Paints Q2 profit drops 24% to ₹206 crore as weak demand, extended monsoon, and higher costs impact margins despite slight revenue growth.
The company states that tough market conditions continued into the third quarter with muted urban demand and a slowdown in a few key markets
Berger Paints on Tuesday reported a 49 per cent year-on-year (YoY) rose in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year. Revenue from operations also climbed by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings […]
The paint industry anticipates a vibrant Q3 amidst changing market dynamics. Amid the soft second quarter two of financial year 2024 (Q2FY23) performance in the paint segment, the players are expecting a positive change in the upcoming quarter three of financial year 2024 (Q3FY24) results fueled by festive season demand. While the market conditions have […]