Berger Paints Q1 PAT up 11 per cent

Kolkata, Jul 28 (UNI) Berger Paints Ltd today said its Q1 net profit rose by 11 per cent to Rs 17.2 crore from 15.5 crore in the corresponding period last year despite the increasing raw material costs.

During the quarter, Berger's sales grew 15 per cent to Rs. 291 crores from Rs.253 crores in the corresponding period last year.

"The inflation in raw material prices due to the increase in the price of crude oil is a cause for concern. The Company is addressing the issue through suitable increases in paint prices for different segments," the company said in a statement.

UNI TJP SJC RN1636