Berger Paints India Ltd, on 15 May, announced its quarterly earnings for January-March. 

The company reported a 19.7% year-on-year increase in net profit to Rs 222.62 crore for the quarter under review from Rs 186.01 crore reported in the same quarter of the previous fiscal year. 

The consolidated revenue during the quarter stood at Rs 2,520.28 crore, marking a 3.13% YoY increase from Rs 2,443.63 crore reported in the same period of the last fiscal year. 

The company’s total expenses during the quarter stood at Rs 2,274.13 crore compared to Rs 2,178.58 crore in the corresponding period of the previous year.

The board of directors of the company have also approved a dividend of Rs 3.5 per equity share of face value of Rs 1 each for the fiscal year 2023-24, which is subject to approval of the shareholders at the upcoming annual general meeting. 

Abhijit Roy, Managing Director & CEO of Berger Paints India, said, “We gained market share again in FY24 and as a milestone crossed Rs 10,000 crore in revenue and PAT of Rs 1,000 crore on a stand-alone basis, a significant event on our 100th year in India.”