Berger Paints Q1 results: Net profit rises 39% to Rs 326 crore

Berger Paints' profit before tax rose to Rs 439 crore from Rs 314.78 crore in the quarter ended June 2022.

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26 Aug, 2025 12:21

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Berger Paints on August 9 reported a 39 percent jump in net profit at Rs 326.32 crore for the first quarter of the current financial year.

The Kolkata-based firm had posted a net profit of Rs 234.40 crore in the corresponding period of the previous fiscal.

Sequentially, the profit zoomed 66 percent from Rs 196.21 crore, the company said in an exchange filing.

Revenue from operations came in at Rs 2,739.76 crore, up 10 percent from Rs 2,488.67 crore in Q1 FY23.

Total expenses increased 5.9 percent year on year (YoY) to Rs 2,312.49 crore.

The company said Protective Coatings and General Industrial business continued its steady growth for the quarter aided marginally by the impact of improved price realization.

"Automotive business had a modest growth on account of subdued growth in the two-wheeler industry," it noted.

"Powder Coatings business line showed a degrowth for the quarter due to high base effect and downturn in fan industry. However we expect the business to turnaround in Q2FY24," Berger Paints added.

Its net debt reduced from Rs 610 crore in Q4 FY23 to Rs 243 crore in the first quarter of the current fiscal.

"We maintain our stance to get net cash positive by end of FY24," the company said.

Berger Paints expects to end the year with double-digit revenue growth as the demand outlook remains good in view of positive monsoon progress, infrastructure spends and extended festive season.

The stock closed 1.34 percent lower at Rs 701 on the BSE. The stock has gained 21 percent this year, while the one-year return stands at 5 percent.

Berger Paints is the second-largest domestic paints company, with manufacturing units in India, Nepal, Poland and Russia.