Berger Paints Q4 Net Profit Surges By 26% To Rs 55 Crore

Berger Paints India, announced its financial results for fourth quarter and year ended 31 March, 2014. The company has come out striking set of numbers for the said quarter as topline of the company recorded double digit growth of 19.5% on yearly basis and stood at Rs 966 crore in Q4FY14 against Rs 808 crore in same period of last year.

The EBITDA of the company also showed similar growth rate (19.5% yoy) and stood at Rs 96 crore during the said period against Rs 80 crore in Q4FY13. Other income during the period went up by 30% on yearly basis and stood at Rs 10.7 crore in Q4FY14 against Rs 8.2 crore in same period of last year.
Moreover, bottomline of the company surged by 26% to Rs 55 crore during the said period against Rs 44 crore in same period of last year.

On operational front, the company was able to control its major expenditure that (can be seen) /resulted in growth rate of EBITDA. All the major expenditure like employee cost, purchase of traded goods etc. grew in proportion of revenue growth, except raw material cost that recorded sharp increase and came up to 11% of total operating revenue in Q4FY14, as against 8% in same period of last year. However, other expense showed marginal decline and came down to 23% of total operating revenue from 24% in same period of last year.

As far as whole year performance is concerned (FY'14), the company has performed well during the said period. Topline of the company grew by 15.6% to Rs 3870 crore in FY'14 against Rs 3346 crore in same period of last year. EBITDA of the company also recorded a double digit growth and went up by 16% yoy and stood at Rs 413 crore in FY'14 against Rs 371 crore in last fiscal year. Moreover, bottomline of the company went up by 14% to Rs 249 crore in FY'14 against Rs 218 crore in last fiscal year.