Berger Paints Q2 net profit dips 25% to Rs 111 crore

Berger Paints reported 24.6 per cent decline in consolidated net profit to Rs 111.34 crore for the quarter ended September 2017 as against corresponding period profit of Rs 138.78 crore last year. Revenue for the quarter under review was Rs 1,281.71 crore as against Rs 1,151.60 crore in the same period last year, the company said in a statement. On a standalone basis, Berger Paints saw a rise in net profit in the quarter to Rs 108.25 crore as against Rs 94.6 crore in the same period last fiscal.