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Berger Paints reports 91% fall in Q1 consolidated net profit

17 Aug 2020 Evaluate

Berger Paints India has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 69.72% in its net profit at Rs 49.80 crore for the quarter under review as compared to Rs 164.45 crore for the same quarter in the previous year. Total income of the company decreased by 47.98% at Rs 833.20 crore for Q1FY21 as compared Rs 1,601.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 91.28% in its net profit attributed to shareholders at Rs 15.42 crore for the quarter under review as compared to Rs 176.76 crore for the same quarter in the previous year. Total income of the company decreased by 46.01% at Rs 938.59 crore for Q1FY21 as compared Rs 1,738.41 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Asian Paints 2444.40
Berger Paints India 452.60
Kansai Nerolac Paint 181.25
JSW Dulux 3136.45
Indigo Paints 1138.15
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