Berger Paints India announced a steady growth in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 13.40% to Rs 625.50 million. The company reported profit of Rs 551.60 million in the same quarter previous year.
Net sales for the quarter rose 14.93% to Rs 9,405.60 million, compared with Rs 8,184 million for the prior year period. Earnings per share for the quarter stood at Rs 1.81, registering 13.84% growth over previous year period.
Berger Paints India is an Indian paint company which operates chiefly in India headquartered in Kolkata, India. It has come a long way since its inception in the year 1923. The company is headquartered in Kolkata and services the market through a distribution network of 82 stock points and 12,000 plus paint retailers.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 9,405.60 | 8,183.50 | 14.93 |
| Net Profit | 625.50 | 551.60 | 13.40 |
| Basic EPS | 1.81 | 1.59 | 13.84 |
Shares of the company declined Rs 2.4, or 0.8%, to settle at Rs 298.20. The total volume of shares traded was 38,173 at the BSE (Friday).
