NSE₹₹₹₹₹₹Berger Paints India Ltd on Wednesday (May 15) reported a 19.5% year-on-year (YoY) increase in consolidated net profit at ₹222.6 crore for the fourth quarter that ended March 31, 2024, boosted by all the business lines delivering strong double-digit volume growths.
In the corresponding quarter, Berger Paints India posted a net profit of ₹185.7 crore, the company said in a regulatory filing.Berger Paint's consolidated revenue from operations rose 3.1% to ₹2,520.3 crore as against ₹2,443.6 crore in the corresponding period of the preceding fiscal.At the operating level, consolidated EBITDA dipped 4.8% to ₹361.1 crore in the fourth quarter of this fiscal over ₹369 crore in the corresponding period in the previous fiscal.Consolidated EBITDA margin stood at 14% in the reporting quarter as compared to 15.1% in the corresponding period in the previous fiscal.
EBITDA is earnings before interest, tax, depreciation, and amortisation.Revenue from operations for the year ended March 31, 2024, was11,198.9 crore as against10,567.8 crore in the corresponding financial year, representing an increase of 6% over the corresponding period of the last financial year.The EBIDTA (excluding other income) for the year ended March 31, 2024, was1,86 1.3 crore as against1,487.2 crore in the corresponding financial year, representing an increase of 25.2% over the corresponding period of the last financial year.Profit for the year ended March 31, 2024, was1,169.8 crore as against860.4 crore corresponding to the last financial year, representing an increase of 36.0% over the corresponding period of the last financial year.The board of directors has recommended the payment of a dividend of ₹3.50 (350%) per equity share of the face value of ₹1 each fully paid up for the financial year 2023–24, subject to the approval of the shareholders at the 100th annual general meeting.Abhijit Roy, Managing Director and CEO of Berger Paints said, "Our Q4FY24 sales were at a healthy double-digit volume growth.
The value growth was adversely impacted by a massive 4%+ price reduction in the year, an increased contribution of high-volume low-value products and a lower than expected sale in the luxury segment from the anticipation of a price reduction in this segment.
"Shares of Berger Paints India Ltd settled at ₹486.35, down by ₹8.35, or 1.69% on the BSE.
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Berger Paints India Ltd on Wednesday (May 15) reported a 19.5% year-on-year (YoY) increase in consolidated net profit at ₹222.6 crore for the fourth quarter that ended March 31, 2024, boosted by all the business lines delivering strong double-digit volume growths. In the corresponding quarter, Berger Paints India posted a net profit of ₹185.7 crore, the company said in a regulatory filing.Berger Paint's consolidated revenue from operations rose 3.1% to ₹2,520.3 crore as against ₹2,443.6 crore in the corresponding period of the preceding fiscal.At the operating level, consolidated EBITDA dipped 4.8% to ₹361.1 crore in the fourth quarter of this fiscal over ₹369 crore in the corresponding period in the previous fiscal.Consolidated EBITDA margin stood at 14% in the reporting quarter as compared to 15.1% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.Revenue from operations for the year ended March 31, 2024, was11,198.9 crore as against10,567.8 crore in the corresponding financial year, representing an increase of 6% over the corresponding period of the last financial year.The EBIDTA (excluding other income) for the year ended March 31, 2024, was1,86 1.3 crore as against1,487.2 crore in the corresponding financial year, representing an increase of 25.2% over the corresponding period of the last financial year.Profit for the year ended March 31, 2024, was1,169.8 crore as against860.4 crore corresponding to the last financial year, representing an increase of 36.0% over the corresponding period of the last financial year.The board of directors has recommended the payment of a dividend of ₹3.50 (350%) per equity share of the face value of ₹1 each fully paid up for the financial year 2023–24, subject to the approval of the shareholders at the 100th annual general meeting.Abhijit Roy, Managing Director and CEO of Berger Paints said, "Our Q4FY24 sales were at a healthy double-digit volume growth. The value growth was adversely impacted by a massive 4%+ price reduction in the year, an increased contribution of high-volume low-value products and a lower than expected sale in the luxury segment from the anticipation of a price reduction in this segment."Shares of Berger Paints India Ltd settled at ₹486.35, down by ₹8.35, or 1.69% on the BSE.
