Berger Q1 down 8per cent to Rs 105cr, GST impact neutral

Berger Paints India today on a standalone basis reported a net profit of Rs 105.17 crore in the Q1 period ended June 2017, down eight per cent over the corresponding period profit of Rs 114.23 crore despite sales amid higher sales.
Revenue from operation during the quarter was higher by eight per cent to Rs 1262.49 crore against Rs 1160.39 crore in the same period of 2016-17.
On consolidated basis the company posted a decline in net profit by six per cent to Rs 112.9 crore against Rs 120.3 crore posted in the correspnding period in 2017-18.
We have raised price in the recent back by 5-5.5 per cent and so we hope for better profitability in the subsequent quarters, Berger managing director and CEO Abhijit Roy said.