Berger Paints Ltd.(NSE:BERGERPAINT)|Q3 FY23 Results Out|Total Income rises 5% yoy

Berger Paints Ltd. (NSE:BERGERPAINT) is an Indian multinational paint company. The company offers a range of decorative and industrial paint products for various applications, including interior and exterior walls, wood and metal surfaces, and protective coatings for various industries. It has operations in multiple countries and is one of the leading paint companies in India. The company is known for its innovative product offerings, strong brand image, and wide distribution network.

Berger Paints Ltd had a revenue growth of 5.60% in Q3FY23 compared to the same quarter in the previous year with revenue from operations being Rs 2,693.59 crores. However, the company faced a decline in EBITDA by 10.83% and a decrease in net profit by 20.48% in the same quarter. The standalone revenue from operations grew by 7.21% to Rs 2,418.91 crores in Q3FY23 compared to the previous year. Despite this growth, the company saw a decrease in standalone EBITDA by 9.41% and a drop in standalone net profit by 5.99% in Q3FY23 compared to the previous year.