: Berger Paints India Ltd., one of the second largest paint companies in India has announced their financial results for the quarter ended 30th June, 2017.
The highlights of the consolidated result is given below:
- Revenue from operations and other income for the quarter ended 30th June, 2017 was Rs. 1,377 crores as against Rs. 1,256.1 crores in the corresponding quarter of the last year representing an increase of 9.6 % over the corresponding period of last year.
- Net profit for the quarter ended 30th June, 2017 was Rs. 112.9 crores as against Rs. 120.3 crores in the corresponding quarter of last year, representing a decrease of 6% over the corresponding period of last year.
The highlights of standalone results is given below:
- Revenue from operations and other income for the quarter ended 30th June, 2017 was Rs. 1,272.7 crores as against Rs. 1,169.5 crores in the corresponding quarter of the last year representing an increase of 8.8% over the corresponding period of last year.
- Net profit for the quarter ended 30th June, 2017 was Rs. 105.2 crores as against Rs. 114.2 crores in the corresponding quarter of last year representing a decrease of 8% over the corresponding period of last year.
The company acquired 100% of the paid up equity share capital of Saboo Coatings Pvt. Limited after close of business hours on 5th June, 2017.
About Berger Paints
Berger Paints India Ltd. is the 2nd largest decorative paint company in India and also the 6th largest in Asia. The company ranks 35th among the top 50 brands in India as reported by Millward Brown in their BrandZTM Top 50 most valuable Indian brands research study. The company has always been a first mover in establishing a number of trend setting innovations starting with Color Bank Machines to their latest innovation which include Berger Express Painting and products like Silk Glamour and WeatherCoat Anti Dust. The company has moved a step ahead in its efforts with launch of 2 innovative products
Silk Glamour is a luxury emulsion for interior walls that gives it a rich-glam finish due to its unique crystal reflective technology. WeatherCoat Anti Dust, with its unique Dust Guard Technology gives it enhanced Dust Repellence properties and keeps the house looking new for years. The TVC for the rides on one of the most popular songs in Indian History, Manoj Kumar’s “Mere Desh Ki Dharti” to eulogize the India of Today which is evolving and progressing every day.
Berger Express Painting promises customers a unique experience of “Faster, Cleaner and Better” painting through the use of automatic painting machines. The Mechanization of the painting process ensures a better quality job in lesser time at no extra cost living up to the promise of “Faster, Cleaner and Better”. The company has set up 18 I-Train centers to train applicators on customer sensitization and to ensure that the customer painting experience is enhanced. Besides soft skills the applicators are trained on usage of tools, application of various Berger products.
The company has come a long way since its inception during the British-India period. What started as a paint manufacturing company has changed its DNA over the years to cater to latest consumer tastes and preferences. Berger Paints now considers itself to be in the business of décor and aesthetics and not merely selling cans of paint.